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Simple Interest

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Q 1. What sum of money must be given as simple interest for six months at 4% per annum in order to earn Rs.150 interest?

Rs.5000

Rs.7500

Rs.10000

Rs.15000

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Q 2. A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is:

{tex}5\frac{1}{2}{/tex}%

8%

7%

6%

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Q 3. A sum of money lent at simple interest amounts to Rs.880 in 2 years and to Rs.920 in 3 years. The sum of money (in rupees) is

700

760

784

800

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Q 4. At some rate of simple interest, A lent Rs.6,000 to B for 2 years and Rs.1,500 to C for 4 years and received Rs.900 as interest from both of them together. The rate of interest per annum was

5%

6%

8%

10%

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Q 5. A lent Rs.5000 to B for 2 years and Rs.3000 to C for 4 years on simple interest at the same rate of interest and received Rs.2200 in all from both as interest. The rate of interest per annum is

7%

5%

{tex}7\frac{1}{8}{/tex}%

10%

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Q 6. What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest ?

Rs.400

Rs.120

Rs.510

Rs.220

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Q 7. Rs.500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per annum simple interest. If the sum of the interest on both the sum after 4 years is Rs.480, the latter sum of money is :

Rs.450

Rs.750

Rs.600

Rs.550

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Q 8. A money lender finds that due to fall in the annual rate of interest 8% to {tex}7\frac{3}{4}{/tex}% , his yearly income diminishes by Rs. 61.50. His capital is

Rs.22400

Rs.23800

Rs.24600

Rs.26000

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Q 9. A lends Rs.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

Rs.700

Rs.6500

Rs.4000

Rs.1500

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Q 10. A certain sum of money amounts to Rs.756 in 2 years and to Rs.873 in {tex}3\frac{1}{2}{/tex}years at a certain rate of simple interest. The rate of interest per annum is

10%

11%

12%

13%

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Q 11. What sum will amount to Rs.7000 in 5 years at {tex}3\frac{1}{2}{/tex}% simple interest ?

Rs.6300

Rs.6500

Rs.6000

Rs.5000

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Q 12. 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 Rs.5,400 as interest only for the period. The principal amount borrowed by him was :

Rs.2,000

Rs.10,000

Rs.20,000

Rs.15,000

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Q 13. A sum of money at simple interest amounts to Rs.1,012 in {tex}2\frac{1}{2}{/tex} years and to Rs.1,067.20 in 4 years. The rate of interest per annum is :

2.50%

3%

4%

5%

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Q 14. A sum of money lent out at simple interest amounts toRs.720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is :

Rs.500

Rs.600

Rs.700

Rs.710

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Q 15. The sum of money, that will give Rs. 1 as interest per day at the rate of 5% per annum simple interest is

Rs.3650

Rs.36500

Rs.730

Rs.7300

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Q 16. If the simple interest on a certain sum of money for 15 months at {tex}7\frac{1}{2}{/tex}% per annum exceeds the simple interest on the same sum for 8 months at {tex}12\frac{1}{2}{/tex}% per annum by Rs.32.50, then the sum of money (in Rs.) is :

312

312.50

3120

3120.50

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Q 17. What annual instalment will discharge a debt of Rs.6450 due in 4 years at 5% simple interest ?

Rs.1500

Rs.1835

Rs.1935

Rs.1950

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Q 18. In what time will Rs.72 become Rs.81 at {tex}6\frac{1}{4}{/tex}% per annum simple interest ?

2 years

3 years

2 years 6 months

None of these

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Q 19. The simple interest on Rs.7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is

Rs.123

Rs.103

Rs.200

Rs.223

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Q 20. A person borrows Rs.5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at {tex}6\frac{1}{4}{/tex}% per annum simple interest for 2 years. His gain in the transaction is

Rs.112.50

Rs.450

Rs.225

Rs.150

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Q 21. A man had Rs.16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was Rs.700 in one year, the money lent at 4% per annum was

Rs.12,000

Rs.8,000

Rs.10,000

Rs.6,000

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Q 22. Rs.1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2,000 after

15 years

18 years

20 years

{tex}16\frac{2}{3}{/tex}years

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Q 23. A sum of money amounts to Rs.5,200 in 5 years and to Rs.5,680 in 7 years at simple interest. The rate of interest per annum is

3%

4%

5%

6%

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Q 24. Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 years ?

Rs.1020.80

Rs.1025

Rs.1052

Rs.1050

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Q 25. A person deposited ₹400 for 2 years, ₹550 for 4 years and ₹1,200 for 6 years. He received the total simple interest of ₹1,020. The rate of interest per annum is

10%

5%

15%

20%

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