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
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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
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