Simple Interest
Hand Out - 1
1.
Find the simple interest on Rs6000 for 3
years at a 10% p.a rate of interest.
a) Rs1800 b) Rs2400
c) Rs4800 d) Rs4200
2.
Find the simple interest on Rs 5000 at an 8%
p.a rate of interest for 3 ½ years.
a) Rs
2800 b) Rs 4200
c) Rs 1400 d) Rs 1840
3.
Find the simple interest on Rs 4500 for 5
years 8 months at a 9% per annum rate of interest.
a) Rs2100 b) Rs2835
c) Rs2680 d) Rs2295
4.
What is the simple interest on Rs 14600 for
48 days at a 20% rate of interest per annum?
a) Rs 384 b) Rs 192
c) Rs 146 d) Rs 292
5.
What is the simple interest on Rs21900 from
13th June to 10th October (both days included) at an 8.25% p.a rate
of interest?
a) Rs 720 b) Rs 586
c) Rs 540 d) Rs 594
6.
What is the simple interest on Rs36000 for 8
months at 7paise per rupee per annum?
a) Rs
1680 b) Rs 1260
c) Rs
2016 d) Rs 2100
7.
What is the simple interest on Rs 3500 for 3
years at 1.5 paise per rupee per month?
a) Rs
1460 b) Rs1323
c) Rs
1890 d) Rs 2835
8.
Mr.Gupta lent a sum of Rs 56,000 and paid Rs
25,200 as simple interest after 3 years and 9 months. Find the rate of interest
per annum at which he lent the money.
a) 8.5% b) 15%
c) 12% d) 10%
9.
In how many years, the simple interest will
be Rs12,600 on a sum of Rs24,000 at a 15% p.arate of interest?
a) 3
years 6 months
b) 3
years
c) 4
years
d) 5
years and 9 months
10.
On what sum of money, the simple interest
will be Rs 11550 for 2 years 9 months at 14%p.a rate of interest?
a) Rs
25,000 b) Rs 28,000
c) Rs 30,000 d) Rs 36,000
11.
A person lent a certain sum of money at a 14%
rate of interest for the first year, a 16% rate of interest for the 2nd year,
and a 17% p.a. rate of interest for the 3rd year. If the total
simple interest he received in 3 years is Rs 23,500, then find the sum of money
he lent.
a) Rs 50,000 b) Rs 85,000
c) Rs
65,000 d) Rs 40,000
12.
Sameer invested at a simple interest rate of
8% in the 1st year with an increase of 0.5% in each subsequent year. He
earned an interest of Rs 14000 after 4 years. How much amount did he invest?
a) Rs
40,000 b) Rs 35,000
c) Rs
20,000 d) None
13.
Madhuri took a loan at a simple interest rate
of 12% p.a. in the first year, and it decreased by 1.5% p.a. every year. If she
pays Rs 6300 as interest at the end of the 3rd year, what is her loan
amount?
a) Rs
40000 b) Rs 25000
c) Rs
20000 d) Rs 30,000
14.
Manish invested Rs 18000 at 10%
p.a, Rs 12000 at 15% p.a and some money at 18% p.a . If the total
annual interest received is Rs7200, find the money invested by him at 15% p.a
a) Rs
12,500 b) Rs 25,000
c) Rs
17,500 d) Rs 20,000
15.
The simple interest on a certain
sum of money for a certain period at a 20% rate of interest per annum
is 4/5 th of the principal. Find the period
a) 3
years b) 4 years
c) 5.5
years d) 8 years
16.
The simple interest on a sum of money is
1/25th of the principal. If the rate of interest is 16%, find the period.
a) 1-month b) 2 months
c) 4
months d) 3 months
17.
The simple interest on a certain sum of money
is 400% of itself at a 16% rate of interest. Find the period?
a) 25 years b) 18 years
c) 20
years d) 10 years
18.
The ratio of principal and the simple
interest earned from it are in the ratio 25:7 at 14% p.a rate of interest in N
years. Find N.
a) 2 b) 3
c) 5 d) 7
19.
The effective annual rate of interest corresponding
to a nominal rate of 9% per annum payable half-yearly is
a) 9.5% b) 13.5%
c) 18% d) 9.18%
20.
The simple interest on a certain sum at a
certain annual rate of interest is 36% of the sum. If the numbers representing
the rate percent and time in years be equal, then the rate of interest is
a) 8.25% b) 7.5%
c) 6% d) 5%
21.
21. An amount of
Rs.8000 is invested at two different rates of interest. The difference between
the interests earned after 4 years is Rs 1280. Find the difference between the
rates of interest.
a) 3.5% b) 4%
c) 2% d) 5%
22.
The simple interest on a sum of money is 4/25
of the principal, and the rate of interest is numerically equal to the number
of years. What is the rate of interest?
a) 4% b) 8.5%
c) 12% d) 14%
23.
The simple interest on a sum of money is
27/25 of the principal and the rate of interest is numerically equal to 3 times
the number of years. Find the time period.
a) 3.5
years b) 8 years
c) 4
years d) 6 years
24.
Mr.Sharma lent Rs4800 to Mr.Prasad for 4
years and Rs5600 to Mr.Kiran for 6 years at the same rate of interest, and he
received Rs2640 as a simple interest in all. Find the rate of interest per
annum.
a) 4% b) 5%
c) 6% d) 12%
25.
A lent Rs 8400 to B for 5 years, Rs 12500 to
C for 4 years on simple interest at the same rate of interest, and received Rs
13800 in all from B & C as interest. The rate of interest p.a is
a) 18% b) 8%
c) 12% d) 15%
26.
A lends Rs6000 to Band a certain sum to C at
the same time at 8% annual simple interest. If after 4 years, A receives Rs4640
as interest from both B and C, the sum lent to C is
a) Rs
7000 b) Rs 7200
c) Rs
6400 d) Rs 8500
27.
Sameera deposited Rs9000 for 2 years,
Rs12,500 for 4 years, and Rs15,000 for 6 years. She received a total simple
interest of Rs12,640. The rate of interest per annum is
a) 8% b) 6%
c) 10% d) 12.5%
28.
The simple interest on a certain sum of money
in 5 years at a certain rate of interest is Rs 3600. Had the interest been 2%
more, how much more interest would it have earned?
a) Rs 120 b) Rs 180
c) Rs 72 d) Can'tbe determined
29.
The SI on a certain principal in 3
years at 18% per annum is Rs1080. What is the simple interest on the same
principal in 5 years at a 14% p.a rate of interest?
a) Rs
1400 b) Rs2000
c) Rs 1600 d) Rs1840
30.
Mr.Verma invested a certain sum of money at
12% p.a for 5 years. However, he would get Rs 440 more simple interest if he
invests the same sum of money at 10% for 8 years. Find the sum (principal).
a) Rs
2200 b) Rs 3000
c) Rs
3600 d) Rs 4400
