Simple Interest PDF For Bank Exams IBPS SBI PO Clerk RRB

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Simple Interest Practice

Questions
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Q.1) An amount of Rs. 400 becomes Rs. 424 would have received Rs.550 more as
in 3 years at a certain rate of simple interest. How much did he invest at 20%
interest, If the rate of interest increases by simple interest?
8%, what amount will Rs. 400 becomes in 2 a) Rs.7106.5 b) Rs.7142.8
years? c) Rs.7116.5 d) Rs.7654.5
a) Rs.450 b) Rs.425 c) Rs.480 e) None of the Above
d) Data inadequate e) None of these Q.5) Divide Rs. 8000 into two parts so that
Q.2) Harshan took a loan at a rate of simple simple interest on first part for 3 year at 5%
interest 7% in the year with an increase of p.a. may be equal to simple interest on the
0.25% in each subsequent year. He paid second part for 5 year at 9% p.a.
interest of Rs. 4425 after 4 years. How much a) Rs.5000, Rs.3000
loan did he take? b) Rs.6500, Rs.1500
a) Rs.15500 b) Rs.15250 c) Rs.15200 c) Rs.6000, Rs.2000
d) Rs.15000 e) None of these d) Rs.4500, Rs.3500
Q.3) A lends 30% of sum at 30% p.a. 50% e) None of these
of sum at 14% p.a. and the remaining sum Q.6) A sum of money at simple interest
at 12% p.a. rate of interest. What would be amounts to Rs. 14160 in 3 year. If the rate
the rate of interest, if the interest is of interest is increased by 25%, the same
calculated on the whole sum? sum amount to Rs. 14700 in the same time.
a) 18.1% p.a. b) 19.3% p.a. The rate of interest is
1
c) 12.4% p.a. d) 17.6% p.a. a) 5% b) 2% c) 6%
e) None of these d) 7% e) None of these
Q.4) Ram invested some amount at the rate Q.7) A sum of Rs. 11000 is equally divided
of 15% simple interest and a certain amount and invested at two different rates of
at the rate of 20% simple interest. He interest. The difference between the
received yearly interest of Rs.1900.But if he interests got after 3 year is Rs. 300. What is
had interchanged the amounts invested, he the difference between the rates of interest?
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a) 1.81% b) 1.75% c) 1.69% of interest. After 6 months Rs.420 is lent to

d) 1.32% e) None of these the same person but the rate of interest is
Q.8) Harvey borrowed some money at the twice the former. At the end of the year
rate of 3% p.a. for the first 4 year, at the Rs.80 is earned as total interest by graham
rate of 4% p.a. for the next 3 year and at then what is the original rate of interest.
the rate of 9% p.a. for the period beyond 7 a) 7.85% b) 5.45% c) 6.34%
year. If he pays a total simple interest of Rs. d) 7.46% e) 5.64%
21000 at the end of 9 year, how much Q.12) What annual instalment will discharge
money did he borrow? a debt of Rs.1053 due in 3 years at 8%
a) Rs. 49500 b) Rs. 48500c) Rs. 49900 simple interest?
d) Rs. 50000 e) None of these a) 324 b) 325 c) 320
Q.9) An equal amount of sum is invested in d) 330 e) 328
two schemes for 5 years each, both offering Q.13) Stokes gave a loan of Rs. 400 to
simple interest. The interest amount Rashid and recovered it at the rate of Rs.
obtained at 14% is Rs.1000 more than that Rs.100 each month for six months,
obtained at 10%. What is the total sum commencing from the end of 1st month.
invested? What is the effective rate of simple interest
a) Rs.9000 b) Rs.9500 c) Rs.12200 per annum?
d) Rs.14000 e) Rs.10000 a) 115% b) 100% c) 95%
Q.10) Ashok lent Rs.7000 to Ram for 3 years d) 80% e) 50%
and Rs.4000 to Harish for 2 years on simple Q.14) Find the amount of equal instalment,
interest and at same rate of interest. If annual payment of which will discharge a
Ashok received Rs.3000 as total interest debt of Rs. 406 due in 2 years at 3% p.a. of
from both, what is the rate of interest? Simple interest.
a) 10.81% b) 10.37% c) 10.99% a) 240 b) 234 c) 334
d) 10.75% e) 10.34% d) 200 e) 340
Q.11) Graham lent sum of Rs.840 to Rajesh
in the beginning of the year at a certain rate
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Q.15) Find the amount of debt that will be Q.19) Two equal amounts of money are
discharged by equal installments of Rs. 150 deposited in two banks, each at 9% per
1 1
each, if the debt is due in 4 year at 2% p.a. annum, for 4 and 6 years. If the
2 2
a) 618 b) 634 c) 674 difference between their interests is Rs.288,
d) 650 e) 640 each sum is:
Q.16) Vidal borrows Rs. 50,000 from a bank a) Rs.1600 b) Rs.1500 c) Rs.1640
at 5% p.a. simple interest and clears the d) Rs.1720 e) Rs.1540
debt in five years. If the installments paid at Q.20) Rajesh has a total of Rs.42,000. And
the end of the first, second, third and fourth in that, he lends Rs.8,000 at 9/2% per
years to clear the debt are Rs. 5,000, Rs. annum simple interest and Rs.12,000 at 8%
10,000, Rs. 15,000 and Rs. 20,000 per annum simple interest. He lends the
respectively, what amount should be paid at remaining money at a certain rate of interest
the end of the fifth year to clear the debt? so that he gets total interest of Rs. 3600 at
a) Rs 8,000 b) Rs 7,500 c) Rs 7,000 the end of one year. The rate of interest per
d) Rs 5,900 e) Rs 6,000 annum, at which the remaining money is
Q.17) The simple interest on a sum of lent, is?
money will be Rs.900 after 8 years. If the a) 11.50% b) 10.36% c) 8.54%
principal is tripled for the last 4 years, what d) 9.65% e) 12.24%
th
will be the total interest at the end of the 8 Q.21) Lawrence invests Rs.12000 as fixed
year? deposit in a bank at the rate of SI 8% per
a) Rs.600 b) Rs.900 c) Rs.1200 annum. But due to some needs he has to
d) Rs.1800 e) Data inadequate withdraw the entire money after 4 years, for
Q.18) A certain sum of money at simple which the bank allowed him a lower rate of
interest amounts to Rs.1100 in 3 years and interest. If he gets Rs. 2500 less than what
to Rs.1460 in 6 years. The rate percent per he would have got at the end of 6 years, the
annum is: rate of interest allowed by the bank is
a) 27% b) 16% c) 25% a) 7.5% b) 8.3% c) 8.5%
d) 11% e) 34% d) 9.6% e) 6.8%
Q.22) An equal amount of sum is invested in a) 390 b) 360 c) 380

two schemes for 8 year each, both offering d) 370 e) 340
simple interest. When invested in scheme A Q.26) Mathews gave a loan of Rs. 1200 to
at 12% p.a. the sum gives an amount of Rs. Antony and recovered it at the rate of Rs.
4500. In scheme B, invested at 16% p.a. it 180 each month for eight months,
gives an interest of Rs. 6000. What is the commencing from the end of 1st month.
total sum invested? What is the effective rate of simple interest
a) Rs.9375 b) Rs.9500 c) Rs.10000 per annum?
d) Rs.8400 e) Rs.7500 a) 38% b) 42% c) 33%
Q.23) Prakash lent Rs.9000 to Ram for 4 d) 45% e) 30%
years and Rs.6000 to Harish for 2 years on Q.27) The rate of Simple Interest in PNB &
simple interest and at same rate of interest. UCO are in the ratio of 4:5. Krishnan wants
If Prakash received Rs.2500 as total interest to deposit his total savings in two banks in
from both, What is the rate of interest? such a way that he receives equal half-yearly
a) 5.80% b) 5.30% c) 5.20% interest from both banks. He should deposit
d) 5.75% e) 5.35% in both banks PNB & UCO in the ratio of
Q.24) Mahesh lent sum of Rs.960 to Rajesh a) 4:5 b) 7:5 c) 5:8
in the beginning of the year at certain rate of d) 8:5 e) 5:4
interest. After 4 months Rs.480 is lent to the Q.28) Deshmukh borrows a sum of Rs.4000
same person but the rate of interest is twice at the beginning of a year. After four months
the former. At the end of the year Rs.120 is Rs.2000 more is borrowed at a rate of
earned as total interest by Mahesh Then interest double times the previous one. At
what is the original rate of interest. the end of one year, the sum of interest on
a) 9.85% b) 8.45% c) 7.39% both the loans is Rs.576. What is the first
d) 9.37% e) 9.64% rate of interest per annum?
Q.25) What annual installment will discharge a) 4.8% b) 5.7% c) 6.5%
a debt of Rs.1134 due in 3 years at 5% d) 8.2% e) None of the Above
simple interest?
Q.29) A watch is sold for Rs.540 cash or for d) Rs.1170 e) Data inadequate
Rs.240 cash down payment together with Q.33) A certain sum of money at simple
Rs.324 to be paid after one month. Find the interest amounts to Rs.1500 in 4 years and
rate of interest charged in the installment to Rs.1860 in 7 years. The rate percent per
scheme. annum is:
a) 8% b) 8.5% c) 10% a) 8.27% b) 7.54% c) 11.76%
d) 9.5% e) 12% d) 8.54% e) 8.49%
Q.30) Find the amount of debt that will be Q.34) Two equal amounts of money are
discharged by 9 equal installments of Rs. deposited in two finance institutes, each at
1 1
220 each, if the debt is due in 6 years at 3 7% per annum, for 3 and 4 years. If the
2 2
% p.a. difference between their interests is Rs.84,
a) 1149 b) 1419 c) 1491 each sum is:
d) 1941 e) 1194 a) Rs.1600 b) Rs.1500 c) Rs.1200
Q.31) Butler borrows Rs 60,000 from a bank d) Rs.1720 e) Rs.1540
at 6% p.a. simple interest and clears the Q.35) Verma has a total of Rs. 24,000. And
debt in five years. If the installments paid at 7
in that, he lends Rs. 6,000 at 2% per annum
the end of the first, second, third and fourth
simple interest and Rs. 8,000 at 6% per
years to clear the debt are Rs 6,000, Rs
annum simple interest. He lends the
12,000, Rs 18,000 and Rs 24,000
remaining money at a certain rate of interest
respectively, what amount should be paid at
so that he gets total annual interest of Rs.
the end of the fifth year to clear the debt?
3200 at the end of a year. The rate of
a) Rs 13200 b) Rs 11400 c) Rs 11000
interest per annum, at which the remaining
d) Rs 11200 e) Rs 10800
money is lent, is?
Q.32) A certain sum of money at simple
a) 15.5% b) 25.1% c) 18.5%
interest amounts to Rs.1350 in 5 years and
d) 29.6% e) 22.2%
to Rs.1490 in 7 years. The amount after 3
Q.36) Murugan invests Rs. 4500 as fixed
years is:
1
deposit at a bank at the rate of 32% per
a) Rs.1210 b) Rs.1350 c) Rs.1200
annum SI. But due to some needs he has to c) 16.1% p.a. d) 19.6% p.a.
1
withdraw the entire money after 2 years, e) None of these
2
for which the bank allowed him a lower rate Q.40) Sneha invested some amount at the
of interest. If he gets Rs 281.25 less than rate of 15% simple interest and a certain
what he would have got at the end of 5 amount at the rate of 25% simple interest.
years, the rate of interest allowed by the She received yearly interest of Rs.2300.But
bank is if she had interchanged the amounts
a) 7.5% b) 4.3% c) 3.5% invested, She would have received Rs.425
d) 4.5% e) 6.8% more as interest. How much did she invest
Q.37) If Rs. 486 becomes Rs. 544 in 6 yr at at 25% simple interest?
certain simple rate of interest. If the rate of a) Rs.4500.50 b) Rs.4156.25
interest increases by 5%, what amount will c) Rs.4943.75 d) Rs.5000
Rs. 486 become in 3 yr.? e) None of the Above
a) Rs.560 b) Rs.585 c) Rs.588 Q.41) Divide Rs. 8000 into two parts so that
1
d) Data inadequate e) None of these simple interest on first part for 22 years at
Q.38) Abhishek took a loan at simple interest 3% p.a. may be equal to simple interest on
1
rate of 6% in the year with an increase of the second part for 42 years at 1% p.a.
0.5% in each subsequent year. He paid a) Rs.3200, Rs.4800
interest of Rs. 6125 after 5 year. How much b) Rs.3300, Rs.4700
loan did he take? c) Rs.6000, Rs.2000
a) Rs.17500 b) Rs.17250 c) Rs.17200 d) Rs.3000, Rs.5000
d) Rs.18000 e) None of these e) None of these
Q.39) A lends 25% of sum at 14% p.a. 30% Q.42) An amount of Rs. 16600 is divided
of sum at 18% p.a. and the rest sum at 16% equally and each is invested at two different
p.a. rate of interest. What would be the rate rates of interest. The difference between the
of interest, if the interest is calculated on the interests got after 4 year is Rs. 700. What is
whole sum? the difference between the rates of interest?
a) 18.1% p.a. b) 17.3% p.a.
a) 2.28% b) 2.37% c) 2.99% a) 2.33% b) 4.44% c) 3.83%

d) 2.75% e) 2.10% d) 4.56% e) 3.15%
9
Q.43) A sum of money becomes of itself in Q.48) The sum of money that will give Rs.3
5
4 years at a certain rate of interest. The rate as interest per day at 6% per annum simple
percent per annum is: interest is:
a) 25% b) 20% c) 10% a) 17890 b) 19835 c) 19830
d) 12% e) 15% d) 18250 e) 14550
Q.44) What annual installment will discharge Q.49) Guru deposits Rs.8000 in a financial
a debt of Rs.773.5 due in 4 years at 7% institute at 12% interest per annum for a
simple interest? period of one year and Rs.6500 in another
a) 190 b) 260 c) 180 financial institute at 9% per annum for a
d) 270 e) 175 period of one year. The total interest amount
Q.45) A took a loan at simple interest rate of obtained is what percentage of the whole
5% in the year with an increase of 0.75% in sum?
each subsequent year. He paid interest of a) 13.23% b) 12.45% c) 13.43%
Rs.3864 after 3 year. How much loan did he d) 10.65% e) 13.15%
take? Q.50) The simple interest on a sum of
a) Rs.27500 b) Rs.22250 c) Rs.27200 money is equal to the principal and the
d) Rs.23400 e) Rs.22400 number of years is equal to the rate percent
Q.46) A sum of money will double itself in 5 per annum. Find the rate percent
years at simple interest with yearly rate of: a) 15% b) 12% c) 10%
a) 10% b) 20% c) 18% d) 19% e) 20%
d) 16% e) 15% Q.51) What annual installment will discharge
Q.47) Ganesh borrowed Rs.7500 from a debt of Rs.1270 due in 5 years at 9%
Dinesh at simple interest. After 6 years simple interest.
Dinesh received Rs 2000 more than the a) 190 b) 260 c) 180
amount to Ganesh on loan. Then what is the d) 270 e) 175
rate of interest?
Q.52) A certain amount is invested for Q.56) A certain sum of money amounted to
certain period. It amounts to Rs.550 at 12% Rs.1440 at 7% in a time which Rs.840
per annum but invested at 7% per annum, amounted to Rs.1120 at 5%.If the rate of
Its amounts to Rs.530, find the time. interest is simple. Find the sum.
a) 10 months b) 16 months a) 884 b) 784 c) 874
c) 18 months d) 13 months d) 982 e) 964
e) 15 months Q.57) If Rs.8010 is divided in to three parts
Q.53) Rajiv lent an amount of Rs.18000 to such that their amounts after 2 3 and 4
his neighbours namely Giri, Ganesh, and years respectively are equal, the simple
Yadav in the ratio 2:3:4 with the rate of interest being at the rate of 2% per annum.
interest 5%, 7% and 9% respectively. Find Find the difference between the greatest and
the total interest received by Rajiv at the smallest parts of the sum
end of 2 years a) 104 b) 124 c) 101
a) 1990 b) 2680 c) 2180 d) 152 e) 163
d) 2570 e) 2120 Q.58) The amount of a certain sum with
Q.54) Kathiresan has Rs.2400, part of which simple interest for 10 years is Rs.293.20 and
he lent at 3.5 percent and rest at 4.5 with same interest rate for 5 years more is
percent. The whole annual interest was 348.175.Find the rate percent per annum at
Rs.88.how much he lent at 3.5 percent which interest is reckoned.
a) 1900 b) 1880 c) 1180 a) 7.5% b) 6.5% c) 6%
d) 2000 e) 2400 d) 9% e) 12%
Q.55) Rs.1400 amounts to Rs 1764 in 5 Q.59) Murali borrows Rs.3500 from a bank
years at a certain rate of simple interest. If at SI. After 3 years he paid Rs.1500 to the
the rate of interest is increased by 3%,it bank and at the end of 5 yrs from the date
would amount to how much of borrowing he paid Rs.2725 to the bank to
a) 1984 b) 1784 c) 1884 settle the account. Find the rate of interest.
d) 1974 e) 1654 a) 7% b) 6% c) 9%
d) 5% e) 8%
Q.60) Out of a certain sum, one fourth is Q.64) A certain amount is invested for
invested at 5%,one third is invested at 7% certain period. It amounts to Rs.750 at 8%
and the rest at 9%.If the simple interest for per annum but invested at 5% per annum its
2 years from all these investments amounts amounts to Rs.715, find the time.
to Rs.880.find the original sum. a) 1 year 9 months
a) 8400 b) 7500 c) 6000 b) 2 years 3 months
d) 7000 e) 5400 c) 1 year 6 months
Q.61) When a bank reduce the rate of d) 2 years e) 1 year
1 1
interest from 52% per annum to 4 2% per Q.65) Paul lent an amount of Rs.16500 to
annum, depositor withdrew Rs.750 and his friends namely karisma, sonam, Diandra
thereby his interest reduced by 85. Find the in the ratio 5:3:7 with the rate of interest
initial deposit? 6%, 4% and 3% respectively. Find the total
a) 6255 b) 5125 c) 6765 interest received by Paul at the end of 2
d) 7765 e) 5465 years in Rs.
Q.62) On Rs.4000 invested at simple interest a) 1386 b) 1686 c) 2365
at rate of 5% per annum, Rs.1200 is d) 2346 e) 2267
obtained as interest in certain years. In Q.66) Sukumar has Rs.3600, part of which
order to earn Rs.2000 as interest on Rs.5000 he lent at 4 percent and rest at 6 percent.
in same number of years what should be The whole annual interest was Rs.164.how
rate of simple interest much he lent at 4 percent
a) 6.67% b) 7.67% c) 8.67% a) 2500 b) 2480 c) 2780
d) 5.76% e) 8.98% d) 2600 e) 2700
Q.63) What annual installment will discharge Q.67) Rs.2400 amounts to Rs 2760 in 4
a debt of Rs.1431 due in 5 years at 4% years at a certain rate of simple interest. If
simple interest. the rate of interest is increased by 2%, it
a) 290 b) 265 c) 285 would amount to how much Rs?
d) 270 e) 279 a) 2682 b) 2582 c) 2782

d) 2952 e) 2652
Q.68) A certain sum of money amounted to d) 4.55% e) 3.85%

Rs.1680 at 8% in a year and Rs.760 Q.72) Out of a certain sum, one fifth is
amounted to Rs.1140 at 3% in the same invested at 4%,one sixth is invested at 8%
period. If the rate of interest is simple find and the rest at 2%.If the simple interest for
the sum. 2 years from all these investments amounts
a) 780 b) 720 c) 740 to Rs.578.find the original sum.
d) 680 e) 760 a) 8500 b) 7500 c) 6000
Q.69) If Rs.7452 is divided in to three parts d) 7000 e) 5400
such that their amounts after 2, 3 and 4 Q.73) When a bank reduce the rate of
1 1
years respectively are equal, the simple interest from 42% per annum to 3 2% per
interest being at the rate of 5% per annum. annum, depositor withdrew Rs.840 and
Find the difference between the greatest and thereby his interest reduced by 65. Find the
smallest parts of the sum initial deposit?
a) 204 b) 214 c) 211 a) 3160 b) 3560 c) 3870
d) 216 e) 264 d) 3960 e) 3540
Q.70) The amount of a certain sum with Q.74) On Rs.3500 invested at simple interest
simple interest for 15 years is 439.80 and at rate of 6% per annum, Rs.1050 is
1
with simple interest for 72 years more is obtained as interest in certain years. In
523.047.Find the rate percent per annum at order to earn Rs.1800 as interest on Rs.4500
which interest is reckoned. in same number of years what should be
a) 7% b) 4% c) 5% rate of simple interest
d) 9% e) 12% a) 6% b) 7% c) 8%
Q.71) Mahesh borrows Rs.7500 from a bank d) 5% e) 4%
at SI. After 5 years he paid Rs.3500 to the Q.75) The simple interest on a certain sum
bank and at the end of 8 yrs from the date of money for 2 yr at 8% per annum is 30
of borrowing he paid Rs.6500 to the bank to less than the simple interest on the same
settle the account. Find the rate of interest. sum for 3 yr at 6% per annum. Find the sum
a) 7.35% b) 5.05% c) 3.95% in Rs.
a) 1360 b) 1560 c) 1750 Let total Loan Amount = P

d) 1600 e) 1500 4425 100
P=
7 1 + 7.25 1 + 7.5 1 + 7.75 1
Answer Key:
442500
= = . 15000
1. (c) 2. (d) 3. (a) 4. (b) 5. (c) 6. (c) 7. (a) 29.5
8. (d) 9. (e) 10. (e) 11. (c) 12. (b) 13. (b) Q.3) a
14. (d) 15. (a) 16. (b) 17. (d) 18. (b) 19. (a) Explanation:
20. (b) 21. (e) 22. (a) 23. (c) 24. (d) 25. (b) Let total sum=Rs. 100
30 30 1
26. (e) 27. (e) 28. (a) 29. (a) 30. (b) 31. (e) Interest on first part = 100
= Rs.9
35 14 1
32. (a) 33. (c) 34. (c) 35. (b) 36. (d) 37. (c) Interest on second part = 100
= Rs.4.9
38. (a) 39. (c) 40. (b) 41. (d) 42. (e) 43. (b) Interest on third part =
35 12 1
= Rs.4.2
100
44. (e) 45. (e) 46. (b) 47. (b) 48. (d) 49. (d)
Total interest = 9+4.9+4.2 = 18.1
50. (c) 51. (c) 52. (a) 53. (b) 54. (d) 55. (d) Rate of interest = 18.1%
56. (d) 57. (c) 58. (c) 59. (d) 60. (c) 61. (b) Q.4) b
62. (a) 63. (b) 64. (b) 65. (a) 66. (d) 67. (d) Explanation:
68. (b) 69. (d) 70. (b) 71. (b) 72. (a) 73. (b) Amount invested at 15% = Rs. x
74. (c) 75. (e) Amount invested at 20% = Rs. y
1 1
Q.1) c 1900 = 15 100 + 20 100
15x + 20y = 190000

SI = 424 400 = . 24 1 1
2450 = 20 100 + 15 100
24 100
R = = 2% 20x + 15y = 245000
400 3
New rate = 2 + 8 = 10% Solving we get
400 10 2 y=7142.8
SI = = Rs. 80
100 Q.5) c
Amount = 400 + 80 = Rs. 480
Explanation:
Q.2) d
Let first part = Rs. x
Explanation:
35 8000 5 9
Total interest = Rs. 4425 =
100 100
Rate = 7% and increasing by 0.25% every 3 72000 9
=
year 20 20
x = Rs. 6000 Explanation:

Second part = 8000 6000 = Rs. 2000 100
=
11 + 22 + 33
Q.6) c
21000 100
Explanation: P =
3 4 + 4 3+ 9 2
3
= 14160 = + 2100000
100 =
12 + 12+ 18
3
= = 14160 - P
100 = Rs. 50000
1.25 3
= 14700 = + 100 Q.9) e
5 3
= + 4 100 = 14700 Explanation:
5 Difference in interests = Rs.1000

= + (14160 P) = 14700
4 Difference in rate = 14 10 = 4%
= 4 + 70800 5 = 58800 Time = 5 year
= = 12000 In 5 year, rate of interest = 4% 5 = 20%
12000 3
= 14160 = 12000 + 20% = 1000
100
1000 100
= 14160 = 12000 + 120 3 100%= = Rs. 5000
20
= 14160 12000 = 360 Total amount invested in both the schemes
= 2160 = 360
= 10000
2160
= = = 6% Q.10) e
360
Q.7) a Explanation:

Explanation: =
100
Let the 2 different rates be x and y 7000 3 4000 2
+ = 3000
respectively. 100 100
Difference between the interests is Rs 300 210 R+80 R=3000
5500 3 5500 3 290 R=3000
= = 300
100 100 R=10.34%
=16500x-16500y=300100
Q.11) c
16500(x y) = 30000
Explanation:
x-y=1.81%
=
Q.8) d 100
6
Since the second loan is given after 6 Time = 6 months = years
12
1
months n=2 400 1
200 =
840 1 420 2 1 2 100
+ = 80 440 100
100 100 2 =
400
8.4 R + 4.2 R=80
=100%
12.6 R=80
80
Q.14) d
R=
12.6 Explanation:
=6.34% 100
Amount of each instalment = ( 1)
100+
Q.12) b 2
100 406
Explanation: 2 21 3
1002+
2
Let x be the instalment 40600
= = 200
81 203
1 = +
100 =Rs.200
Q.15) a
821 100
2 = + =
100 1
100 + 2
100
For 3rd year= 150 = 4 41 2
100 4 + 2
81 82
+ + + + = 1053 100
100 100 150 =
16 8 400 + 12
3 + + = 1053 150
100 100 = 412 = 618
100
=Rs.618
300x+24x=105300
Q.16) b
324x=105300
Explanation:
x=325
In the case of simple interest, instalment
Q.13) b
amount will always be reduced from principal
Explanation:
and the interest will be calculated on the
Principal = Rs.400
remaining principal.
Amount = Rs 100 x 6 = Rs 600
Interest = Rs 600 - Rs 400 = Rs 200
50000 15 11250 1
Simple interest for 1st yr= 100 = 100
= SI= 3 4 100 = 1350

2500 Total interest=1350+450=1800

Amount after 1st instalment=50000- Q.18) b
5000=45000 Explanation:
45000 15
Simple interest for 2nd yr= 100 = = S.I for 3 years = Rs.(1460-1100)=Rs.360
100
2250
Amount after 2nd instalment=45000- Sum = Rs.(1100-360) = Rs.740
100240
10000=35000 Rate = = 16.21% 16%
7402
35000 15
Simple interest for 3rd yr= 100 = =
100 Q.19) a
1750 Explanation:
Amount after 3rd instalment=35000- Let each sum be Rs. P. Then,
15000=20000 9 13 9 9
= 288
Simple interest for 4th yr=

=
20000 15
= 100 2 100 2
100 100
117 81 36
1000 = = 288
200 200 200
Amount after 4th instalment=20000- 288 200
= = 1600
20000=0 36
Q.20) b
Balance of debt for the fifth
Explanation:
year=2500+2250+1750+1000=7500
For first loan
Q.17) d

Explanation: =
100
Let sum be x =
8000 91
= 360
1002
n=8 yrs 12000 81
For Second loan= 100
= 960
SI=900
100 Total interest=3600
R=
So for the third loan SI=3600-
100900 11250
R= =
8 (960+360)=2280
For 1st 4 yrs Rate of interest for third loan=
2280 100
=
22000
11250 1
SI=
4 100
= 450 10.36%
For last 4 yrs Q.21) e
Explanation:
=
100
P=12000
Since the second loan is given after 6 years
R=8
1
n=2
n=6
12000 8 6 12000 4 960 1 480 2 1
= 2500 + = 120
100 100 100 100 3
480R=5760-2500 9.6 R + 3.2 R=120
480R=3260 12.8 R=120

120
R=6.796.8% R=
12.8
Q.22) a =9.375%
Explanation: Q.25) b
Difference in interests = 4500 3000 = Explanation:
Rs.1500 Let x be the instalment
Difference in rate = 16 12 = 4% For 1st year= +
52
100
Time = 8 year 51
For 2nd year= +
100
In 8 year, rate of interest = 4% 8 = 32%
For 3rd year=
=32% = 1500
1500 100
52 51
=100%= = Rs. 4687.5 + + + + = 1134
32 100 100
10 5
Total amount invested =2(4687.5) = 9375 3x+100 + 100 = 1134
Q.23) c 300x+15x=113400
Explanation: 315x=113400

= x=360
100
9000 4 6000 2 Q.26) e
+ = 2500
100 100 Explanation:
360 R+120 R=2500 Principal = Rs.1200
480 R=2500 Amount = Rs 180 x 8 = Rs 1440
R=5.20% Interest = Rs 1440 - Rs 1200 = Rs 240
Q.24) d Time = 8 months =
8
years
12
Explanation: 1200 2
240 =
3 100
3 100 240 300 1

= = = 24
1200 2 100
=30% R=8%
Q.27) e Q.30) b
100
Explanation: Amount of each instalment = ( 1)
100+
2
R1 =4x
100
R2=5x 220 = 6(61)3
100 6 +
2
1
1 = 2 = 100
2 220 =
1 4 1 2 5 1 600 + 45
= 220
100 2 100 2 = 645 = 1419
100
P1:P2 = 5:4
= . 1419
Q.28) a
Q.31) e
Explanation:
Explanation:
P = 4000
In the case of simple interest, instalment
Rate of Interest = x
amount will always be reduced from principal
4000 1
SI = = 40 and the interest will be calculated on the
100
P = 6000 remaining principal.
60000 16
Rate of Interest = 2x Simple interest for 1st yr= 100 = 100
=
6000 28
SI = = 80x 3600
10012
Amount after 1st instalment=60000-
40x + 80x = 576
6000=54000
x = 4.8%
54000 16
Simple interest for 2nd yr= 100 = =
Q.29) a 100
Explanation: 3240
Principal for the next month = 540 - 240 = Amount after 2nd instalment=54000-
300 12000=42000
42000 16
Amount paid after next month = 324 Simple interest for 3rd yr= 100 = 100
=
Therefore interest charged at Rs.300 2520
Amount after 3rd instalment=42000-
18000=24000
24000 16
Simple interest for 4th yr= 100 = = Q.35) b
100
1440 Explanation:
Amount after 4th instalment=24000- For first loan

24000=0 =
100
Balance of debt for the fifth 6000 71
= 1002
= 210
year=3600+3240+2520+1440=10800
8000 61
For Second loan= = 480
Q.32) a 100
Explanation: Total interest=3200
S.I for 2 years=140 So for the third loan SI=3200-

140 (480+210)=2510
S. I for 5 years = 5 = 350
2 2510 100
Rate of interest for third loan= =
10000
Principal=1350-350 =1000
25.1%
140
Amount after 3 years = 1000 + 3 Q.36) d
2
= . 1210 Explanation:
P=4500
Q.33) c R=3.5
Explanation: n=5
S.I for 3 years = Rs.(1860-1500)=Rs.360 4500 3.5 5 4500 5
= 281.25
360 100 100 2
S.I for 4 years = . 4 = Rs.480
3 112.5R=787.5-281.25
Sum = Rs. (1500-480) = Rs.1020 112.5R=506.25
100480
Rate = = 11.76% R=4.5%
1020 4
Q.37) c
Q.34) c
Explanation:
Explanation:
SI = 544 486 = . 58
Let each sum be Rs. P. Then,
58 100
79 77 R = = 1.98%
= 84 486 6
100 2 100 2
63 49 14 New rate = 1.98 + 5 = 6.98% 7
= = 84 486 7 3
200 200 200 SI = = 102.06 102
84 200 100
= = 1200 Amount = 486 + 102 = Rs. 588
14
Q.38) a Solving we get

Explanation: y=Rs.4156.25
Total interest = Rs. 6125 Q.41) d
Rate = 6% and increasing by 0.5% every Explanation:
year Let first part = Rs. x
Let total Loan Amount = P x 5 3 8000 x 9 1
=
6125 100 100 2 100 2
P=
6 1 + 6.5 1 + 7 1 + 7.5 1 + 8 1
612500 15x 72000 9x
= = . 17500 =
35 200 200
Q.39) c 24x = Rs. 72000
Explanation: x=3000
Let total sum=Rs. 100 Second part = 8000 3000 = Rs. 5000
25 14 1 Q.42) e
Interest on first part = = Rs.3.5
100 Explanation:
30 18 1 Let the 2 different rates be x and y
Interest on second part = =
100
respectively.
Rs.5.4
Difference between the interests is Rs 700
45 16 1
Interest on third part = = Rs.7.2 =
8300 4 8300 4
= 700
100 100 100
Total interest = 3.5+5.4+7.2 = 16.1 =33200x-33200y=700100
Rate of interest = 16.1% 33200(x y) = 70000
Q.40) b x-y=2.10%
Explanation: Q.43) b
Amount invested at 15% = Rs. x Let Sum be x
Amount invested at 25% = Rs. y 9
In four years the sum will be
1 1 5
2300 = 15 100
+ 25 100 9 4
15x + 25y = 230000
SI= =
5 5
1 1
2725 = 25 100
+ 15 100 SI=
100
25x + 15y = 272500
4
100 Explanation:
R=
5
= 20%
4 Let principal be p
R=20% SI is also P since the amount is doubled in 5
Q.44) e years
Explanation: R=
100
=
100
= 20%
5 5
Let x be the instalment
R=20%
73
For 1st year= + Q.47) b
100
Explanation:
72
For 2nd year= +
100 SI= 100
71 R=
100
For 3rd year= +
100
2000 100
R=
For 4th year= 7500 6
73 72 71 R=4.44%
+ + + + +
100 100 100 Q.48) d
+ = 773.5 Explanation:
21 14 7
4x+ + + = 773.5 Interest is Rs.3 per day
100 100 100
So for a year, interest =3653=1095
400x+42x=77350
Then SI= 100
442x=77350
100
x=175 P=
1095100
Q.45) e = =18250
61
Explanation: Sum=Rs.18250
Total interest = Rs.3864 Q.49) d
Rate = 5% and increasing by 0.75% every Explanation:
year Interest for the first sum
Let total Loan Amount = P 8000 121
= =960
3864 100 386400 100
P= =
5 1 + 5.75 1 + 6.5 1 17.25
Interest for the second sum
= . 22400
6500 91
= = 585
Q.46) b 100
Total interest=960+585=1545
Total sum=8000+6500=14500 Q.52) a

1545 100
Required percentage= = 10.65% Explanation:
14500
12
Q.50) c + = 550
100
Explanation: 7
+ = 530
Let SI=Principal=x 100
5
Years =rate=y Difference= 100
= 20
100 25000
R= pt= = 400
5
100
y= 400 12 55000 4800
p = 550 = = 502
100 100
100
y=
Therefore
2 = 100 502 12
502 + = 550
100
y=10% 4800
Q.51) c
t= = 9.6 =
50212
Explanation: 10(Approximately)
Let x be the instalment Q.53) b
94
For 1st year= + 100 Explanation:
93 4000 52
For 2nd year= + Interest from Giri= = 400
100 100
92 6000 72
For 3rd year= + Interest from Ganesh= 100
= 840
100
91 8000 92
For 4th year= + Interest from Yadav= = 1440
100 100
For 5th year=x Total interest=400+840+1440=2680

94 93 92 =Rs.2680
+ + + + +
100 100 100
Q.54) d
91
+ + + = 1062 Explanation:
100
36 27 18 9 Let amount lent at 3.5% be x
5x+100 + 100 + 100 + 100 = 1062
Amount lent at 4.5%=(2400-x)
500x+90x=106200
7 (2400 ) 9
590x=106200 + = 88
2 100 2 100
106200
x= 7 9
590 = 88 108
200 200
x=180
4 6 8
= 20 + =+ =+
100 100 100 100
x=2000 x:y:z=52:53:54
Q.55) d x+y+z=8010
Explanation: Required difference=2 parts.
=8010 159
2
SI=
100
=50.372=100.74101
SI=1764-1400=364
Q.58) c
364100
R= = 5.2% Explanation:
51400
10
it increases by 3% Amount after 10 years= + 100
= 293.20
15
R becomes 5.2+3=8.2% Amount after 15 years= + = 348.175
100
1400 8.25
SI= 100 = 574 5
Difference= = 54.975
100
Amount=1400+574=1974
10
Q.56) d + = 293.20
100
Explanation: p=293.20-54.975(2)
840 is amounted to 1120 at 5% p=293.20-109.95
SI=1120-840=280 p=183.25
280100 20
T= = 5497.5
8405 3 R= =6%
720
183.255
Now P+ = 1440
3100 Q.59) d
7
+ = 1440 Explanation:
15
Total interest= (interest on 3500 for 3
22 = 1440 15
years)+(interest on 2000 for 2 years)
p=Rs. 982(Approximately)
3500 3 2000 2
Q.57)c + =1500+2725-3500
100 100
Explanation:
105R+40R=725
Let the amount divided into three parts x y z
R=5%
According to the question
Q.60) c
22 32 42
+ =+ =+ Explanation:
100 100 100
1 1 5 100
Rest part = 1 - + 3 = 12 N=
4
1200 100
Average rate per cent per annum on the = =6
4000 5
total sum 2000 100
= = 6.66 6.67%
5000 6
1 1 5 22
= 5 + 7 + 9 = %
4 3 12 3 Q.63) b
100 100 880 3 Explanation:
= = = 6000
22 2
Let x be the instalment
Q.61) b
44
For 1st year= +
Explanation: 100
43
, For 2nd year= +
100
= , 42
For 3rd year= +
100
11
= % = 1 For 4th year= +
41
2 100
11
1 2 11 For 5th year=x
= = =
100 100 200 44 43 42
+ + + + +
100 100 100
, = 750 , 41
+ + + = 1431
9 100
= % = 1 16 12 8 4
2 5x+ + + + = 1431
100 100 100 100
9
750 1 2 9 750 500x+40x=143100
= = =
100 100 200 540x=143100
143100
x= 540
By the given condition,
x=265
11 9 750
= 85 Q.64) b
200 200
11 9 750 = 200 85 Explanation:
2 = 200 85 750 9 8
+ = 750
2 = 17000 6750 100
5
2 = 10250 + = 715
100
= 5125 3
Difference= = 35
62) a 100
Explanation: 3500
pt=
3
8 SI=2760-2400=360
+ = 750
100 360100
3500 8
R= 42400 = 3.75%
p=750 3100
= 657
it increases by 2%
Therefore
R becomes 3.75+2=5.75%
657 8
657 + = 750 SI=
2400 5.754
= 552
100 100
9300
T= = 1.76 = Amount=2400+552=2952
6578
Q.68) b
1 9 (Approximately)
Explanation:
Q.65) a
760 is amounted to 1140 at 3%
Explanation:
SI=1140-760=380
5500 62
Interest from karisma= = 660 T=
380100
=
50

100 7603 3
3300 42 850
Now P+ 3100 = 1680
Interest from Sonam= = 264
100
8
7700 32 + = 1680
Interest from Diandra= = 462 6
100
14 = 1680 6
Total interest=660+264+462=1386
P=Rs.720
=Rs.1386
Q.69) d
Q.66) d
Explanation:
Explanation:
Let the amount divided into three parts x y z
Let amount lent at 4% be x
According to the question
Amount lent at 6%=(3600-x)
25 35 45
4 (3600 ) 6 + =+ =+
+ = 164 100 100 100
100 100
10 15 20
4 6 + =+ =+
= 164 216 100 100 100
100 100
2 104x=106y=108z
100 = 52
2
=7452 69
x=2600
=1082=216
Q.67) d
Q.70) b
Explanation:
Explanation:
SI= 100
Amount after 15 years= +

15
= 100 100 578 5
100 = = = 8500
17 2
439.80 Q.73) b
1 45
Amount after 222 years= + = Explanation:
1002
,
523.047
= ,
7.5
Difference= = 83.247 9
= % = 1
100
2
P=439.80-83.247(2) 9
1 2 9
P=439.80-166.494 = = =
100 100 200
P=273.306
8324.7 , = 840 ,
R= = 4.06`%~4%
7.5 273.306 7
Q.71) b = % = 1
2
Explanation: 7
840 1 2 7 840
= = =
Total interest=(interest on 7500 for 5 100 100 200
years)+(interest on 4000 for 3 years)
7500 5 4000 3 By the given condition,
+ =3500+6500-7500
100 100 9 7 840
= 65
=375R+120R=2500 200 200
R=5.05% 9 7 840 = 200 65
Q.72) a 2 = 200 65 840 7
Explanation: 2 = 13000 5880

1 1 19 2 = 7120
Rest part = 1 - + =
5 6 30 = 3560
Average rate per cent per annum on the 74) c
total sum Explanation:
1 1 19 100
= 4 + 8 + 2 = N=
5 6 30
17
% 1050 100
5 = =5
3500 6
1800 100
= = 8%
4500 5
75) e
Explanation:
T1 = 2, R1= 8% T2=3 yr and R2 = 6%
Let the sum be P.
63 8 2
Then, = 30
100 100
18 16
= = 30
100 100
P = 1500
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Is Now In CHENNAI | MADURAI | TRICHY | SALEM | COIMBATORE | CHANDIGARH |

Simple Interest Practice

H.O: 7601808080 / 9043303030 | www.raceinstitute.in

a) 1.81% b) 1.75% c) 1.69% of interest. After 6 months Rs.420 is lent to

Q.22) An equal amount of sum is invested in a) 390 b) 360 c) 380

bank is if she had interchanged the amounts

a) 7.5% b) 4.3% c) 3.5% invested, She would have received Rs.425

d) 4.5% e) 6.8% more as interest. How much did she invest

Q.37) If Rs. 486 becomes Rs. 544 in 6 yr at at 25% simple interest?

certain simple rate of interest. If the rate of a) Rs.4500.50 b) Rs.4156.25

interest increases by 5%, what amount will c) Rs.4943.75 d) Rs.5000

Rs. 486 become in 3 yr.? e) None of the Above

a) 2.28% b) 2.37% c) 2.99% a) 2.33% b) 4.44% c) 3.83%

percent per annum is: interest is:

a) 25% b) 20% c) 10% a) 17890 b) 19835 c) 19830

d) 12% e) 15% d) 18250 e) 14550

simple interest? period of one year and Rs.6500 in another

a) 190 b) 260 c) 180 financial institute at 9% per annum for a

d) 270 e) 175 period of one year. The total interest amount

5% in the year with an increase of 0.75% in sum?

each subsequent year. He paid interest of a) 13.23% b) 12.45% c) 13.43%

Rs.3864 after 3 year. How much loan did he d) 10.65% e) 13.15%

take? Q.50) The simple interest on a sum of

a) Rs.27500 b) Rs.22250 c) Rs.27200 money is equal to the principal and the

d) Rs.23400 e) Rs.22400 number of years is equal to the rate percent

a) 10% b) 20% c) 18% d) 19% e) 20%

d) 16% e) 15% Q.51) What annual installment will discharge

Q.47) Ganesh borrowed Rs.7500 from a debt of Rs.1270 due in 5 years at 9%

Dinesh at simple interest. After 6 years simple interest.

Dinesh received Rs 2000 more than the a) 190 b) 260 c) 180

amount to Ganesh on loan. Then what is the d) 270 e) 175

initial deposit? 6%, 4% and 3% respectively. Find the total

a) 6255 b) 5125 c) 6765 interest received by Paul at the end of 2

d) 7765 e) 5465 years in Rs.

Q.62) On Rs.4000 invested at simple interest a) 1386 b) 1686 c) 2365

at rate of 5% per annum, Rs.1200 is d) 2346 e) 2267

rate of simple interest much he lent at 4 percent

a) 6.67% b) 7.67% c) 8.67% a) 2500 b) 2480 c) 2780

d) 5.76% e) 8.98% d) 2600 e) 2700

a debt of Rs.1431 due in 5 years at 4% years at a certain rate of simple interest. If

simple interest. the rate of interest is increased by 2%, it

a) 290 b) 265 c) 285 would amount to how much Rs?

d) 270 e) 279 a) 2682 b) 2582 c) 2782

Q.68) A certain sum of money amounted to d) 4.55% e) 3.85%

a) 1360 b) 1560 c) 1750 Let total Loan Amount = P

15x + 20y = 190000

x = Rs. 6000 Explanation:

5 Difference in interests = Rs.1000

2500 Total interest=1350+450=1800

480R=3260 12.8 R=120

3 100 240 300 1

Amount after 4th instalment=24000- For first loan

Explanation: Total interest=3200

S.I for 2 years=140 So for the third loan SI=3200-

Q.38) a Solving we get

Total sum=8000+6500=14500 Q.52) a

For 5th year=x Total interest=400+840+1440=2680

Amount after 15 years= +

Explanation: 2 = 13000 5880

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