# SIMPLE INTEREST -- 1 TO 20

**Simple Interest**

1. What will be the simple interest earned
on an amount of
988/- at the rate of 18 p.c.p.a., at the end of 5 years?

a)
711.36/- b)
898.2/- c)
799.25/- d)
805.4/- e)
None of these

2. What amount a man would have received
on a principal of
4,000/- after 2 years simple interest at the rate of 5 p.c.p.a.?

a)
4,161/- b)
5,200/- c)
4,400/- d)
4,100/- e)
4,190/-

3. Veena obtained an amount of
8,376/- as simple interest on a certain amount
at the rate of 8 p.c.p.a. after 6 years.
What is the amount invested by Veena?

a)
1,780/- b)
18,110/- c)
16,660/- d)
17,450/- e) None of these

4. The simple interest accrued on an
amount of
2,500/- at the end of six years is
1,875/- What
would be the simple interest accrued on an amount of
6,875/- at the same rate and same period?

a)
4,556.5/- b)
5,025.25/- c)
4,895.25/- d)
5,245.5/-
e) None of these

5. Manish borrowed a sum of
1,150/- from Anil at the simple rate of 6
p.c.p.a. for 3 years. He then added some
more money to the borrowed sum and lent it to Sunil for the same time at 9 p.c.p.a. at simple interest. If
Manish gains
274.95/- by way of interest on borrowed sum as well as his own amount from
the whole transaction, then what is the sum
lent by him to Sunil?

a)
1,290/- b)
1,785/- c)
1,285/- d)
1,200/- e)
None of these

6. Suhit borrowed a sum of
6,300/- from Vikas at the rate of 14% for 3
years. He then added some more money
to the borrowed sum and lent it to Mohit at the rate of 16% of simple interest for the same time. If
Suhit gained
618/- in the whole transaction, then what sum did he lend to Mohit?

a)
7,000/- b)
6,800/- c)
7,200/- d)
Cannot be determined

e) None of these

7. Arun invested a sum of money at a
certain rate of simple interest for a period of 4 years. Had he invested the same sum for a period of 6
years the total interest earned by him would
have been 50 per cent more than the earlier interest amount. What was the rate
of interest per cent per annum?

a) 4% b) 8% c) 5% d) cannot be determined e) None of these

8. Shamita took a loan at simple interest
rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays
8,190/- as interest at the end of 3 years,
what was her loan amount?

a)
36,000/- b)
35,400/- c)
36,800/- d) Cannot be determined

e) None of these

9. A sum was put at simple interest at a
certain rate for 2 years. Had it been put at 3% lower rate, it would have fetched
300/- less. Find the sum.

a)
1,000/- b)
2,000/- c)
3,000/- d)
5,000/- e)
None of these

10. What annual payment will discharge a debt
of
54,000/- due in 5 years, the rate of interest, being 4% per annum?

a)
10,000/- b)
11,000/- c)
15,000/- d)
20,000/- e)
None of these

11. Arunima invests an amount o
10,250/- at the rate of 4 p.c.p.a. to obtain a
total amount of
12,710/- on simple interest after a certain
period. For how many years did she invest the
amount to obtain the total sum?

a) 6 years b) 8 years c) 5
years d) 4 years e) None of these

12. At what rate of simple interest per annum
can an amount of
1,553.40/- be obtained on the principal amount of
8,630/- after 3 years?

a) 8 p.c .p.a. b) 2 p.c.p.a. c) 5 p.c.p.a. d) 7 p.c.p.a. e) None
of these

13. Jayesh has taken a loan at an interest of
18% per annum from a cooperative committee. If after
4 years he returned
9,374/- including interest, then how much was
the principal?

a)
5,000/- b)
5,400/- c)
5,450/- d)
5,600/- (e) None of these

14.
600/- becomes
720/- in 4 years when the interest is simple.
If the rate of interest is increased
by 2%, then what will be total amount?

a)
642/- b)
724/- c)
725/- d)
768/- e)
None of these

15. The amount of
5,500/- becomes
10,780/- after 6 years at simple interest.
What is the rate of interest?

a) 14% b) 12% c) 15% d) 16% e) None of these

16. Mr. Deepak invested an amount of
21,250/- for 6 years. At what
rate of simple interest will
he obtain the total amount of
26,350/- at the end of 5 years?

a) 6 p.c.p.a. b) 5 p.c.p.a. c) 8
p.c.p.a. d) 12 p.c.p.a. e) None of these

17. Anil invested an amount for 3 years at a
simple interest rate of 9 p.c.p.a. He got an amount
of
19,050/- at the end of 3 years. What principal
amount did he invest?

a)
14,500/- b)
11,050/- c)
15,000/- d)
10,950/- e) None of these

18. What is the interest received on a
principal of
450/- for 2 years. If the interest received on
1/- after 4 years at the same rate of simple
interest is
0.40/-?

a)
90/- b)
180/- c)
36/- d)
200/- e) None of the above.

19. What should be
the simple interest obtained on an amount of
5,760/- at the rate of
6 p.c.p.a. after 3 years?

a)
1,036.80/- b)
1,666.80/- c)
1,536.80/- d)
1,063.80/- e) None of these

20. Ms. Suchi
deposits an amount of
24,000/- to obtain a
simple interest at the rate of 14 p.c.p.a.
for 8 years. What total amount will Ms. Suchi get at the end of 8 years?

a)
62,080/- b)
28,000/- c)
50,880/- d)
26,880/- e)
None of these

**SOLUTIONS**

1.
[E];

2.
[C]; Amount = Principal + S.I.

=

= 4000 + 400 =
4,400/-

3.
[D];

=
17,450/-

4.
E]; Let
the rate of interest be R% per annum.

5.
[B]; Let the required sum
lent to Sunil be
x.

6.
[B]; Let
the money lent to Mohit be
x.

7.
[D]; Cannot be determined.

8.
[E]; Let loan amount be
x

According
to question,

8190

9.
[D]; Let the sum be
x

According
the question,

x
=
5,000/-

10.
[A]; Annual payment

=

11.
[A]; S.I. =
[12710 – 10250]
=
2,460/-

Time =

12.
[E]; Rate =

13.
[C];

or, 9374 =

or, 9374 =

14.
[D]; S.I. = 720 –
600 = 120

R =

Now, from the second
part of the question

R = 5 + 2 =
7%

15.
[D]; Rate =

16.
[E]; Interest =
26350 – 21250 =
5,100/-

Rate =

17.
[C]; Let the
principal be
x.

Principal =

x =
15,000/-

18.
[A]; S.I. on
1/- for 4 years =
0.4/-

=

19.
[A]; S.I.

=

20.
[C]; S.I. =

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