A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
5%
7%
7 1/8%
10%
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#  Quiz 

1
Discuss

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
Solution 
2
Discuss

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
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3
Discuss

A person borrows Rs 5000 for two years at 4% per annum simple interest. He immediately lends to another person at 6 1/4% per annum for 2 years. Find his gain in the transaction per year.
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4
Discuss

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum
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5
Discuss

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
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6
Discuss

A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate.
Solution 
7
Discuss

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?
Solution 
8
Discuss

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Solution 
9
Discuss

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?
Solution 
10
Discuss

What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6 1/4 % p.a ?
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