Simple Interest Questions and Answers
At some rate of simple interest, A lent ₹ 6,000 to B for 2 years and ₹ 1,500 to C for 4 years and received ₹ 9,00 as interest from both of them together. The rate of interest per annum was
(A) 8%
(B) 10%
(C) 5%
(D) 6%
Correct Answer : C
Explanation :
A sum of money lent at simple interest amounts to ₹ 880 in 2 years and to ₹ 920 in 3 years. The sum of money (in rupees) is
(A) 784
(B) 800
(C) 700
(D) 760
Correct Answer : B
Explanation :
(A) $$5{1\over2}\%$$
(B) 8%
(C) 7%
(D) 6%
Correct Answer : C
Explanation :
(A) Rs. 5000
(B) Rs. 7500
(C) Rs. 10000
(D) Rs. 15000
Correct Answer : B
Explanation :
A person lends 40% of his sum of money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?
(A) 13.4%
(B) 14.33%
(C) 14.4%
(D) 13.33%
Correct Answer : C
Explanation :
A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is
(A) 10%
(B) 5%
(C) 15%
(D) 20%
Correct Answer : A
Explanation :
A man had ₹ 16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 in one year, the money lent at 4% per annum was
(A) ₹12,000
(B) ₹ 8,000
(C) ₹ 10,000
(D) ₹ 6,000
Correct Answer : C
Explanation :
The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-
(A) ₹ 123
(B) ₹ 103
(C) ₹ 200
(D) ₹ 223
Correct Answer : A
Explanation :
Manoj deposited ₹ 29400 for 6 years at a simple interest. He got ₹ 4200 as interest after 6 years. The annual rate of interest was-
(A) $$2{8\over21}$$
(B) $$2{7\over20}$$
(C) $$3{8\over21}$$
(D) $$4{8\over21}$$
Correct Answer : A
Explanation :
A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\% $$ per annum simple interest for 2 years. His gain in this transaction is
(A) ₹ 225
(B) ₹ 150
(C) ₹ 112.50
(D) ₹ 450
Correct Answer : A
Explanation :