SIMPLE INTEREST -- 21 TO 40

21.     What would be the simple interest obtained on an amount of  6420 /- at the rate

          of 7 p.c.p.a   after 4 years ?

                a)  1869.80 /-       b)  1796.60 /-             c)  1786.00 /-        d)  1896.00 /-     e) None of these

22.      Ms. Sandhya deposits an amount of  31400/- to obtain a simple interest at

           the rate of 12 p.c.p.a For 8 years. What total amount will Ms. Sandhya get at the end of 8 years ?

                a)  31144/-             b)  61544 /-               c)  41544 /-       d)  30144/-     e) None of these

23.     Girish invested a certain amount at the rate of 8 p.c.p.a for 6 years to obtain

           an amount of  28046/-. How much amount did Girish obtain as simple interest?

                      a)  12550/-      b)  9096 /-               c)  18950 /-          d)  10000 /-   e) None of these

24.      Ms. Maya deposits an amount of  17800 /- and obtained  31684 /- at the end of 6 years.

           What was the rate of interest per year ?

                      a)  14.5%            b) 11 %        c) 12.5 %        d) 13 %              e) None of these. 

25.     What would be the simple interest obtained on an amount of  5580 /- at the rate of

          6.5 p.c.p.a after 5 years ?

                    a)  1825 /-               b)  1813.50/-            c)  1827.50 /-          d)  1819 /-     e) None of these

26.     What would be the simple interest obtained on an amount of  3460 /- at the rate of

          8.5 % per annum after 6 years?

                 a)  1746 /-           b)  1764.60 /-             c)  1766/-          d)  1756.40 /-            e) None of these

27.     Ms. Neelam deposits an amount of  16420 /-  and obtained  25451 /- at the

          end of 5 years. What was the rate of interest per year?

                     a) 10.5 %             b) 13 %            c) 12.5 %           d) 11 %             e) None of these

28.     Asmita invests an amount of  9535 /- at the rate of 4% per annum to obtain a total

           amount of  11442 /- on simple interest after a certain period. For how many years did

          she invest  the amount to obtain the total sum ?

                       a) 10 years           b) 2 years             c) 5 years            d) 4 years          e) None of these

29.     Mr. Sharma takes loan of  25000 /- and repays an amount of  31000 /- at the end of

          2 years. What is the rate of simple interest at which he repays the loan ?

                         a) 8%        b) 6 %          c) 12 %          d) 9 %          e) None of these

30.    The interest rate of a Private Bank is 12 % per annum. A customer deposits  12000 /- in that

          bank. After how many years will his deposit become  18000 /- ?

                      a)  4 years        b) 4 years 6 months       c) 6 years          d) 1 year       e) None of these.

31.    A sum fetches simple interest of  708.75 /- at the rate of 12.5 % p.c.p.a in 10 years.

         What is the sum ?

                   a)  885.95 /-         b)  576 /-      c)  5670 /-        d)  5500 /-         e) None of these.

32.    The interest earned on  15000 /- in 3 years at simple interest is 5400 /- Find the rate of

         interest per annum.

                   a) 11.5 %           b) 12.5 %           c) 15 %             d) 12 %          e) None of these.

33.   Srimate Kini took loan of  800 /- at the rate of 11 % per year for 7 months. After 7

        months she was to pay

                a)  851 /-     b)  852 /-     c)  950 /-                d)  951 /-             e) None of these

34.   What would be the simple interest at the end of 2 years on amount  1250 /-  at the

         rate of 13.5 %  per  year?

                a)  168.75 /-      b)  337.50 /-           c) 336.50 /-            d) 167.75 /-          e) None of these

35.   On simple interest an amount becomes  812 /- in 2 years and  924 /- in 4 years.

        What is the rate of interest on that amount ?

                a) 12 %             b) 6 %            c) 10 %              d) 8 %          e) None of these

36.   An amount doubles itself at the end of 8 years with a certain rate of simple interest.

        What will be the total simple interest on  8000/-  at the end of 4 years?

                a)  4000 /-        b)  2000 /-        c)  8000 /-          d) data inadequate      e) None of these

37.   Mrs. Sushma lent out an amount of  3000 /- at 4 % p.a and some other amount at 5 % p.a.

        If at the end of the year she received  138 /- as total interest, what amount she lent

        out at 5 %  p.a?

                a)  793.50 /-        b)  396.75 /-         c)  395.50 /-        d) 798.50 /-       e) None of these.

38.   If  3450 /- is invested at 11.5 p.c.p.a simple interest for 2 years, how much

        interest will be obtained at the end of 2 years ?

  a)  793.50 /-    b)  396.75 /-         c)  395.50      d)  798.50 /-               e) None of these.

39.   A person invests   2 lakhs at 12 % p.a. for 1 year. If he invests  500 /- more, he is eligible

        for 13 % p.a. interest. How much more interest would he receive, if he accepted the second option?

                  a)  2155/-     b)  2045 /-       c)  2165 /-         d)  2065 /-      e) None of these

40. If a sum of money at simple interst amount to  1905 /- in 3 years and  2040 /- in

      4 years, what will be that sum?

              a)  1470 /-       b)  1475 /-      c)  1525 /-       d) Data inadequate        e) None of these

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21. [E];                        S.I.      =

22. [B];                        S.I.      =

                                    =

                         Required amount     =  [30144 + 31400]

                                                            =  61,544/-

23. [B];                        Let the principal be  100.

                         S.I. =  

                         Amount =  [100 + 48] =  148/-

                         When the amount is  148/-, the principal

                                                            =  100/-

                         When amount          =  28046, then principal

                                                            =  

                         S.I. =  [28046 – 18950] =  9,096/-

24. [D];                        S.I. = 31684 – 17800 =  13,884/-

                        R =

25. [B];                        S.I. =

                        S.I. = 1,813.5/-

26. [B];                        S.I. =

27. [D];                        S.I. = [25451 – 16420] =  9,031/-

                        R =

28. [C];                        Let the required time = T years

                        S.I. = [11442 – 9535] =  1,907/-

                        S.I. =

                      T =

29. [C];                        S.I. = [31000 – 25000] =  6,000/-

                        R =

30. [E];                        S.I. = 18000 – 12000 =  6,000/-

                         T =

31. [B];                        Sum =

32. [D];                        R =

33. [E];                         

                         Required Amount = 800 + 51.33 =  851.33/-

34. [B];                       

35. [D;             Interest for 2 years = 924 – 812 =  112/-

                         Principal amount = 812 – 112 =  700/-

                         Rate of interest =

36. [A];                        Rate of interest =

                         Total

37. [E];                        Let the amount lent out at 5% p.a. be  x

                       

                         120 + 0.05x = 138  0.05x = 138 – 120

                                             

38. [A];                         

39. [D];            S.I. for 1^st case =

                        S.I. for 2^nd case =

                         He would receive [26065 – 24000] =  26,065/-

                        more as interest

40. [E];                        S.I. for one year = 2040 -1905 =  135/-

                         S.I. for 3 year = 135 X 3 =  405/-

                        Required sum = 1905 – 405 =  1,500/-