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Simple Interest Questions and Answers

Q1 :

What principal will amount of Rs. 560 in 3 years at 4 p.c. per annum simple interest?

A
  

425

B
  

450

C
  

475

D
  

500

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Q2 :

At what rate of simple interest per annum will a sum of money become three times its original amount in 25 years?

A
  

5%

B
  

4%

C
  

6%

D
  

8%

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Q3 :

The simple interest earned on a certain amount is one-ninth of the principal, and the number of years is the same as the annual rate of interest. Determine the rate of interest per annum.

A
  

10%10{%}

B
  

13%{frac {1}{3}% }

C
  

3%3%

D
  

313%3 {frac{1}{3}%}

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Q4 :

A man buys land and gives for it twenty five times the annual rent. What percent rate of interest does he get for his money?

A
  

1%

B
  

2%

C
  

3%

D
  

4%

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Q5 :

If the compound interest on a sum for 3 years at 5% is Rs. 1324.05, what is the simple interest ?

A
  

Rs. 1060

B
  

Rs. 1160

C
  

Rs. 1260

D
  

Rs. 1360

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Q6 :

An amount invested at 5% simple interest annually becomes Rs. 504 after 4 years. If the same principal is invested at 10% simple interest per annum for 2.5 years, what will be the total amount?

A
  

Rs. 420

B
  

Rs. 450

C
  

Rs. 525

D
  

Rs. 550

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Q7 :

A certain sum amounts to Rs. 1586 in 2 yr and Rs. 1729 in 3 yr. Find the rate and the sum.

A
  

8%, Rs. 1200

B
  

9%, Rs. 1300

C
  

10%, Rs. 1000

D
  

11%, Rs. 1300

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Q8 :

The simple interest on a sum of money at 10% per annum for 6 yr is half the sum. Then, the sum is

A
  

Rs. 5000

B
  

not possible

C
  

Rs. 4000

D
  

Rs. 6000

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Q9 :

A certain amount invested at simple interest becomes Rs. 1040 after 3 years and increases to Rs. 1360 after 7 years. Determine the initial principal.

A
  

Rs. 750

B
  

Rs. 800

C
  

Rs. 900

D
  

Rs. 1000

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Q10 :

Vijay buys a house by paying Rs. 8000 in cash and Rs. 9600 on a 5-year credit at 4% per annum simple interest. What is the house's cash price?

A
  

Rs. 10000

B
  

Rs. 9600

C
  

Rs. 17000

D
  

Rs. 16000

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Q11 :

A sum was invested at simple interest for 2 years at a certain rate. If the rate had been 3% higher, the interest would have been Rs. 72 more. What is the principal amount?

A
  

1200

B
  

1600

C
  

1900

D
  

1400

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Q12 :

The simple interest on Rs. 1230 for 2 years is Rs. 10 more than the simple interest on Rs. 1130 for the same period. What is the rate of interest?

A
  

5%

B
  

6%

C
  

8%

D
  

2%

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