Quiz Discussion

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:

• 1]

  5%

• 2]

  7%

• 3]

  7 1/8%

• 4]

  10%

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?

• 1]

  3.5 years

• 2]

  4 years

• 3]

  4.5 years

• 4]

  5 years

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 ?

• 1]

  Rs. 787.50

• 2]

  Rs. 812.50

• 3]

   Rs. 860

• 4]

  Rs. 887.50

A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent

• 1]

  6%

• 2]

  7%

• 3]

  8%

• 4]

  9%

800 Rs. becomes 956 Rs. in 3 years at certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 Rs. become in 3 years?

• 1]

  1020.80 Rs

• 2]

  1025 Rs

• 3]

  1050 Rs

• 4]

  1052 Rs

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?

• 1]

  Rs. 4462.50

• 2]

  Rs. 8032.50

• 3]

  Rs. 8900

• 4]

  Rs. 8925

A sum of money lent out at simple interest amounts Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. What is the sum ?

• 1]

  Rs 200

• 2]

  Rs 350

• 3]

  Rs 475

• 4]

  Rs 600

The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month

• 1]

  Rs. 3.60

• 2]

  Rs. 2.40

• 3]

  Rs. 1.60

• 4]

  Rs. 1.20

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:

• 1]

  10%

• 2]

  10.25%

• 3]

  10.5%

• 4]

  None Of These

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.

• 1]

  Rs 650

• 2]

  Rs 990

• 3]

  Rs 900

• 4]

  Rs 906