Loading...

Shopping cart

Your Cart is empty

Go to Shop
Subtotal:
₹ 0.00
Simple Interest Level 2
Q1–10 of 50
1

At the rate of 8½% p.a. simple interest, a sum of 4800 will earn how much interest in 2 years 3 months?

Correct Answer: C. ₹918
Explanation: No explanation available.
2

A shopkeeper with an overdraft facility at 18 percent with a bank borrowed 15000 on Jan 8, 2011 and returned the money on June 3, 2011 so as to clear the debt. The amount that he paid was

Correct Answer: A. ₹16080
Explanation: No explanation available.
3

Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5: 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was 20000, what was the total amount received on maturity from both the schemes?

Correct Answer: C. ₹52800
Explanation: No explanation available.
4

1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2000 after:

Correct Answer: B. 16 2/3 years
Explanation: No explanation available.
5

Asmita invests an amount of 9534 @ 4 p.c.p.a. to obtain a total amount of 11442 on simple interest after a certain period. For how many years did she invest the amount?

Correct Answer: C. 5 years
Explanation: No explanation available.
6

The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in per cent) of interest per annum?

Correct Answer: C. 8
Explanation: No explanation available.
7

If simple interest on 600 for 4 years and on 600 for 2 years combined together is 180, find the rate of interest.

Correct Answer: B. 5%
Explanation: No explanation available.
8

Veena obtained an amount of 8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. What is the amount invested by Veena?

Correct Answer: C. ₹ 17450
Explanation: No explanation available.
9

The sum invested in Scheme B is thrice the sum invested in Scheme A. The investment in Scheme A is made for 4 years at 8% p.a. simple interest and in Scheme B for 2 years at 13% p.a. simple interest. The total interest earned from both the schemes is 1320. How much amount was invested in Scheme A?

Correct Answer: A. ₹1200
Explanation: No explanation available.
10

Simple interest on 500 for 4 years at 6.25% per annum is equal to the simple interest on 400 at 5% per annum for a certain period of time. The period of time is:

Correct Answer: C. 6¼ years
Explanation: No explanation available.
Page 1 of 5
Home Courses PYQs Exams Login