*Questions With Solution*

**1. **A sum of Rs. **400 **amounts to Rs. **480** in** 4 **years. If the rate of interest is increased by** 2% **, then what wll it amount to?

**A. 480 B. 560 C. 512 D. 536**

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**2. **At what rate percent per annum rate will the simple interest on a sum of money be** 2/5 **of the principal amount in 10 years**?**

**A. 40% B. 60% C. 50% D. 55%**

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**3. **A sum of Rs. **1550 **was lent partly at **5% **and partly at **8%** simple interest. After** 3 **years, he receives Rs. **300 **as total interest. What is the ratio of the lent amount at** 5% **and** 8%?**

**A. 5 : 8 B. 8 : 5 C. 31 : 6 D. 16 : 15**

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**4. **What sum of money will be given Rs.**520 **in **5 **years and Rs. **568** in** 7 **years with simple interest?

**A. 400 B. 120 C. 510 D. 220**

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**A. 6300 B. 6500 C. 6000 D. 5000**

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**6. **The effective annual rate of interest, corresponding to a nominal rate of** 6% **per annum payable half yearly is:

**A. 6.06% B. 6.07% C. 6.08% D. 6.09%**

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**7. **The amount Rs. **6000 **becomes Rs. **7200 **in **4** years. If the rate become **1.5 **times of itself, the amount of the same principal in **5 **years

**A. 8000 B. 9250 C. 8250 D. 9000**

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**8. **A sum of money at a certain rate per annum of simple interest doubles in the **5** years and at a different rate becomes three time in **12** years. The lower rate of interest per annum is

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**9. **A sum of money is disbursed for **2 **years at an annual rate of simple interest. If the interest rate is increased by **3%,** then the interest increase Rs.**72. **What was the principal?

**A. 1200 B. 1500 C. 1600 D. 1800**

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**10. **The ratio of a principal and the amount after **1 **year is** 10 : 12**. What will be the rate of interest per annum**?**

**A. 12% B. 16% C. 18% D. 20%**

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**11. **Ram lends Rs. **20,000 **to two of his friends. He gives Rs.**12,000** to the first friend at **8% **per annum simple interest. Ram wants to make a profit of **10%** on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friends is

**A. 8% B. 16% C. 12% D. 13%**

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**12. **A sum of money is disbursed for **2 **years at an annual rate of simple interest. If the interest rate is increased by **1%,** then the interest increase Rs.**24. **What was the principal?

**A. 1200 B. 1050 C. 1000 D. 950**

Solution :-

**13. **A sum fetched a total simple interest of Rs.** 9648** at the rate of **12%** per year in **6** years. What is the principal**?**

**A. 16080 B. 10720 C. 8040 D. 13400**

Solution :-