Simple Interest Problems with Solutions for Bank Exams
Solutions of Simple Interest Problems
Here we are providing Simple Intrest important questions and answers based on the above formulas for your convenience and good practice will help you to improve your score by covering the maths topic. Students who understand mathematics as a very difficult subject, start their practice-
Q : The simple interest for four years is one fourth of the principal. At the same rate, which amount become Rs.450 total amount in 2 years?
(A) Rs. 400
(B) Rs. 525
(C) Rs. 425
(D) Rs. 525
Correct Answer : A
Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.
(A) Rs. 1200
(B) Rs. 1500
(C) Rs. 1800
(D) Rs. 2000
Correct Answer : D
Rakesh invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at the same rate of interest. How much interest does Raj get?
(A) Rs. 3750
(B) Rs. 6250
(C) Rs. 3125
(D) Rs. 4250
Correct Answer : A
Ankur borrowed sum money from Megha at 8 % P.a simple interest and twice the amount from Harshita at 9 % P.a simple interest. He then added some more money of his own and lent the entire amount to Shalini at 10 % p.a simple interest. At the end of the year Ankur gained 14,000. If Ankur lend ₹ 40,000 to Shalini, then how much did Ankur borrow from Megha ?
(A) ₹ 15,000
(B) ₹ 10,000
(C) ₹ 25,000
(D) ₹ 20,000
Correct Answer : B
If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?
(A) 37.5
(B) 42.25
(C) 18.75
(D) 27.5
Correct Answer : A
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Vikram Singh
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