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Simple Interest Questions and Answers

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Q :  

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay ₹ 5,400 as interest only for the period. The principal amount borrowed by him was:

(A) ₹ 20,000

(B) ₹ 15,000

(C) ₹ 2,000

(D) ₹ 10,000

Correct Answer : B
Explanation :


Q :  

In what time will ₹ 72 become ₹ 81 at % per annum simple interest?

(A) 2 years

(B) 3 years

(C) 2 years 6 months

(D) None of these

Correct Answer : A
Explanation :


Q :  

Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?

(A) 1700

(B) 1800

(C) 1900

(D) 2000

Correct Answer : D
Explanation :


Q :  

A lends ₹ 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives ₹ 1120 as interest from B and C, the sum lent to C is

(A) ₹ 4000

(B) ₹ 1500

(C) ₹ 700

(D) ₹ 6500

Correct Answer : B
Explanation :


Q :  

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

(A) 700

(B) 6500

(C) 4000

(D) 1500

Correct Answer : D
Explanation :


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