The difference in the interests received from two different banks on Rs. 2000 for 3 years is Rs. 300. Then the difference in their rates is:
a) 1% b) 2% c) 4% d) 5% 5% Solution Let the rates of two banks be x % and y%.
Showing posts with the label Simple InterestShow all
Calculate the simple interest on Rs 4480 at 8%per annum for 3 years?
a) 1035 b) 1075.20 c) 858.50 d) 2330 1075.20. Solution P = Rs. 4480 R = 8% R = 3 years SI = PNR/100 = (4480 x 8 x …
A sum of Rs 1600 lent at simple interest at 12.5% per annum will become double in:
a) 3 years b) 7 ¼ years c) 8 years d) 9 ¼ years SSC CHSL-2015 8 years. Solution SI = PNR/100 SI= 1600 P =1600, N…
The simple interest on a sum of money is 1/9 th of the principal and the number of year is equal to the rate percent per annum. The rate of interest per annum is:
a) 2 % b) 7 % c) 9% d) 10/3 % Ans: d. Solution Let Principal = x SI = x /9 R = T; R =10/3
A certain amount earns simple interest of Rs. 645 after 12 years. Had the interest been 2.5% more, how much more interest would it have earned?
a) Rs. 125 b) Rs. 350 c) Rs. 343 d) Cannot be determined Cannot be determined. Since we do not have the principal …
A sum of money amounts to Rs. 8940 after 7 years and Rs.11040 after 12 years at the same rate of simple interest. The rate of interest per annum is:
a) 7 % b) 8 % c) 9 % d) 11 % 7 %. Solution Simple Interest for 5 years = (11040 - 8940) = Rs. 2100 Simple Intere…
Nikesh took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If he paid Rs.540 as interest at the end of the loan period, what was the rate of interest?
a) 5% b) 6% c) 8% d) 9% 6%. Solution Let rate = R% Then, Time, T = R years P = Rs.1500 SI = Rs.540 ==> 540 = (…
A sum of money at simple interest amounts to Rs.1568 in 4 years and to Rs. 1653.75 in 4 years. The sum is:
a) 1225 b) 1250 c) 950 d) 1500 1225. Solution S.I. for 1 year = (1653.75 - 1568) = Rs. 85.75 S.I. for 4 years = R…
How much time will it take for an amount of Rs. 1500 to yield Rs.150 as interest at 5% per annum of simple interest?
a) 1 year b) 2 year c) 4 year d) 5 year 2 year. Solution P = Rs. 1500 R = 5% SI = 150 T = ?
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