How much time will it take for an amount of 

900 pesos to yield 81 pesos as interest at 4.5%

per annum of simple interest?

Explanation:

100 x SI 100 x 81
T= = =2
PR 900 X 4.5

Pedro took a loan of 1400 pesos with simple interest for as many years as the rate of
interest. If he paid 686 pesos as interest at the end of the loan period, what was the rate
of interest?

Explanation:

Given that T = R

PRT
SI= ⇒
100

1400 x R x R
686= ⇒
100
R2=49
⇒R=7

 A sum of money at simple interest amounts to 815 pesos in 3 years and to 854 pesos
in 4 years. What is the sum?

Explanation:

SI for 1 year =854−815=39
SI for 3 years =39×3=117
Required sum =815−117=698

 A sum fetched a total simple interest of 929.20 pesos at the rate of 8% per annum
in 5 years. What is the sum?

Explanation:

100 x SI 100 x 929.20

P= = =2323
RT 8 x5
John invested an amount of 13,900 pesos divided in two different schemes A and B at the
simple interest rate of 14% per annum and 11% per annum respectively. If the total
amount of simple interest earned in 2 years was 3508 pesos, what was the amount
invested in Scheme B?

Explanation:

Solution 1

Let investment in scheme A =x

Then, investment in scheme B =(13900−x)

Total simple interest =3508

⇒ simple interest on x for 2 years at 14% per annum + simple interest
on (13900−x) for 2 years at 11% per annum =3508

x x 14 x 2 ( 13900−x ) x 11 x 2
⇒ + =3508
100 100
⇒14x+11(13900−x)=175400
⇒(14−11)x+152900=175400
⇒3x+152900=175400
⇒x=7500

Investment in scheme B
=13900−7500=6400

Solution 2

3508 - interest on 13900 at 11%for 2 years = interest on scheme A at 3%for 2 years

⇒ interest on scheme A at 3%for 2 years

13900 x 11 x 2
=3508 − =450
100
⇒ Investment in scheme A
100 x 450
= =7500
3 x2
Investment in scheme B
=13900−7500=6400
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A sum of money amounts to 9800 after 5 years and 12005 after 8 years at
the same rate of simple interest. The rate of interest per annum is:

Answer & Explanation:

Explanation: S.I. for 3 years = (12005 - 9800) = 2205.

S.I. for 5 years = (2205/3)x 5 = 3675
Principal = (9800 - 3675) = 6125.
Hence, interest rate = (100 x 3675)/(6125x5)% = 12%

A person takes a loan of 200 at 5% simple interest. He returns 100 at the

end of 1 year. In order to clear his dues at the end of 2 years, he would pay:

Answer & Explanation:

Explanation:
Amount to be paid =

 
= 115

Reena took a loan of 1200 with simple interest for as many years as the rate
of interest. If she paid 432 as interest at the end of the loan period, what
was the rate of interest?
Answer & Explanation:

Explanation: Let rate = R% and time = R years.

Then, (1200 x R x R)/100 = 432
12R² = 432
R² = 36
R=6

How much time will it take for an amount of 450 to yield 81 as interest at
4.5% per annum of simple interest?

Answer & Explanation:

Explanation: Time = (100 x 81)/(450 x 4.5) years = 4 years.

A sum fetched a total simple interest of 4016.25 at the rate of 9 %.p.a. in 5

years. What is the sum?

Answer & Explanation:

Explanation: Principal = (100 x 4016.25)/(9 x 5)

= 401625/45
= 8925.

Raymond bought a car for 40, 000 pesos. He took a 20,000 pesos loan from a
bank at an interest rate of 15% per year for a 3-year period. What is the total
amount (interest and loan) that he would have to pay the bank at the end of 3
years?

Solution:
Simple Interest = 20,000 × 13% × 3 = 7,800
At the end of 3 years, he would have to pay

20,000 + 7,800 = 27800

A man invests 16,500 pesos in two kinds treasury notes, which yield 7.5% and
6% annually. After two years year, he earns 2,442 pesos in interest. How
much does he invest at the 6 % rate?  

Solution : 

Let "x" be the amount invested at 6% rate. 

Then, the amount invested in 7.5% account is

=  16500 - x

Given : After two years, total interest earned in both the accounts is 2,442
pesos.

So, we have 

Interest at 6% rate + Interest at 7.5% rate  =  2442

x ⋅ 6/100 ⋅ 2  +  (16500 - x) ⋅ 7.5/100 ⋅ 2  =  2442

x ⋅ 0.06 ⋅ 2  +  (16500 - x) ⋅ 0.075 ⋅ 2  =  2442

0.12x + (16500 - x) ⋅ 0.15  =  2442

0.12x + 2475 - 0.15x  =  2442

2475 - 0.03x  =  2442

 2475 - 2442  =  0.03x

33  =  0.03x

Divide both sides by 0.03 

33 / 0.03  =  x

3300 / 3  =  x

1100  =  x

Hence, the amount invested at 6% rate is 1100 pesos