Quiz on Simple interest

The simple Interest on a certain sum of money at the rate of 4% p.a. for 5 years is Rs. 1680. At what rate of interest the same amount of interest can be received on the same sum after 4 years ?

• 5%

• 6%

• 7%

• 8%

The interest on a certain deposit at 4.5% p.a. is Rs. 405 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. ?

• 50

• 45

• 40.5

• 48.5

Mr.Govind invested an amount of Rs.13900 divided in two different schemes S1 and S2 at the simple interst rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in two years was Rs.3508, what was the amount invested in Scheme S2?

• 6400

• 6500

• 7200

• 7500

A sum of money was invested in a bank at 8% simple interest p.a. for 3 years. Instead had it been invested in mutual fund at 8.5% p.a. simple interest for 4 years, the earning would have been Rs.500 more. What is the sum invested?

• 4500

• 5000

• 3500

• 5500

A person borrowed Rs.600 @ 3% per annum S.I and Rs.800 @ 4½ % per annum on the agreement that the whole sum will be returned only when the total interest becomes Rs.246. The number of years, after which the borrowed sum is to be returned, is

• 2 years

• 3 years

• 4 years

• 5 years

A sum of Rs.13000 is divided into three parts such that the simple interests accrued on them for two, three and four years respectively may be equal. Find the amount deposited for 4 years.

• 5000

• 4000

• 3000

• 6000

A sum of Rs.100 is lent at simple interest of 3% p.a. for the first month, 9% p.a. for the second month, 27% p.a. for the third month and so on. What is the total amount of interest earned at the end of the year approximately

• Rs.797160

• Rs.791160

• Rs.65930

• Rs.66430

If the simple interest on a sum of money at twelve percent per annum for two years is Rs.3800, compound interest on the same sum for the same period at the same rate of interest is

• Rs.4028

• Rs.4100

• Rs.4128

• Rs.4228

A sum of money is borrowed and paid back in two annual installments of Rs.882 each allowing 5% compound interest. The sum borrowed was

• Rs.1620

• Rs. 1640

• Rs.1680

• Rs.1700

Rakesh invested an amount of Rs.12000 at the rate of 10% simple interest and another amount at the rate of 20% simple interest. The total interest earned at the end of one year on the amount invested became 14 p.c.p.a. Find the total amount invested

• Rs. 20000

• rs 22000

• Rs.24000

• Rs.25000