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SIMPLE INTEREST

Set-1 8. For what sum of money at 6%, 7% for the next 4 years
3
rate of 34 percent per and 7.5% annually beyond
(BASIC QUESTIONS)
1 7 years. A man invested
annum, the interest of 23
1. If Rs 2500 is invested for 4 18800 rupees for 11 years.
years on simple interest at years is Rs. 210 (a) :-1580 Find simple interest. (a) :-
8 percent per annum then (b) 2400 (c) 2800 (d) 1600 14288(b) 14280 (c) 12800
what interest will it get 9. On any sum the rate of (d) 41600
1
after 4 years? (a) 400 (b) interest for first year is 42 15. Nitin borrowed some
800 (c) 1000 (d) 600 %, for next year 5% and for money at the rate of 6%
2. What will be the simple 1 p.a. for the first three years,
third year 3 2 %. If simple
interest of 3 years at 9% of 9% p.a. for the next five
interest obtained is 3900,
the annual interest rate of years and 13% p.a. for the
then find the sum. (a) :-
RS 3000? (a) 800 (b) 810 (c) period beyond eight years.
3002(b) 3000 (c) 2800 (d)
820 (d) 840 If the total interest paid by
1600
3. What will be the simple him at the end of eleven
1
10. For what sum will the
interest of 6 years at 3 % years is Rs.8,160, the
2 simple interest at R% per
of the annual interest rate money borrowed by him (in
annum for 2 years will be R?
of RS 2000? (a) 800 (b) 810 100 Rs.) was (1) 12,000 (2)
(1) Rs. (2) Rs.50 (3) Rs.
(c) 820 (d) 840
2R 6,000 (3) 8,000 (4)
100 200
(4) Rs. Rs.10,000
4. Rate of interest on Rs. 9210 R R
1 11. A sum fetched a total 16. Rohan borrowed a certain
for first year is 4%,32% for
simple interest of Rs.7728 sum of money at simple
1
next year and 2 % for third at the rate of 7% per annum interest. The rate of
2
year, then find the total in 8 years. What is the sum? interest was 3% per annum
simple interest? (a) 992 (b) (1) Rs.13800 (2) Rs.16560 for first 3 years, 4% per
921 (c) 942 (d) 982 (3) Rs.11040 (4) Rs.8280 annum for next 5 years and
5. The amount to be paid, 12. The simple interest on a 6% per annum for next 7
when principal = Rs.2000, sum for 8 years is Rs.47500. years. If he paid Rs.2059 as
rate of simple interest (R) = The rate of interest for the interest, then what is the
5%, T = 2 years, is: (1) first 5 years is 10% per sum borrowed (in Rs.)?
Rs.3,200 (2) Rs.2,400 (3) annum and for the next 3 (1)2400 (2) 2500 (3) 2900
Rs.2,200 (4) Rs.3,400 years is 15% per annum. (4) 3100
6. Rs.2300 is invested for 3 What is the value (in Rs.) of 17. An sum of money fetched a
years in a scheme of simple sum? (1) 50000 (2) 60000 total simple interest of
interest. If the rate of 12% (3) 45000 (4) 62500 Rs.3200 at the rate of
per annum. What is the 13. The rate of simple interest 6.25% per year in 4 years.
amount obtained (in Rs.) on any sum is 4% for the What is the sum (in Rs.)?
afer 3 years? (1) 3128 (2) first two years, 6% for the (1) 13800 (2) 11800 (3)
3456 (3) 3724 (4) 2950 next 4 years, and 8% after 6 12800 (4) 14800
7. The sum of money that will years. If the ordinary 18. If on a sum of money, the
yield Rs.60 as simple interest is Rs 1120 then the simple interest is Rs. 4500
interest at the rate of 6% principal known taxes, if less than the principle at
1
per annum in 5 years is (1) the time is 9 years? the rate of 12 2 percent for
200 (2) 225 (3) 175 (4) 300 14. For the first 3 years, the 3 years, then find the
rate of simple interest is
P a g e 1 of 8
SIMPLE INTEREST
principle and simple interest falls from 11.5% to simple interest rate. If the
interest. (a) :-7200, 2700(b) 10%. His capital (In rupees) rate is increased by 3% p.a.,
7110, 2500(c) 7000, is (1) 3700 (2) 7400 (3) 8325 what will be the sum
2610(d) 7100, 2600 (4) 11100 amount to in the same
19. Then find the simple 24. If the annual rate of simple period? (1) Rs.992 (2)
interest is less than Rs. interest increases from 10% Rs.962 (3) Rs.942 (4) Rs.982
1
2200 then the principle for to 12 2%, a man's yearly 3. A sum of Rs.800 becomes
2
four years. If rate is 16 3%, income increases by Rs.956 in 3 years at a
find the principle and Rs.1250. His principal (in certain rate of simple
simple interest. (a):-6600, rupees) is (1) 50,000 (2) interest. If the rate of
4400(b) 7110, 2500(c) 45,000 (3) 60,000 (4) interest is increased by 4%,
7000, 2610(d) 7100, 2600 65,000 what amount will the same
20. A sum was invested on 25. A sum of money was lent at sum become in 3 years? (1)
simple interest at a certain simple interest at a certain Rs.1025 (2) Rs.1042 (3)
rate for 2 years. If the rate for 3 years. Had it been Rs.1052 (4) Rs.1024
interest rate is increased by lent at 2.5% per annum 4. Rs.800 amounts to Rs.920
4% then the intrest higher rate, it would have in 3 years at simple
increased by Rs. 160. What fetched Rs.540 more. The interest. If the interest rate
is the sum (in Rs.) invested? money lent was: (1) is increased by 3%, it would
(1)2000 (2) 3000 (3) 3500 Rs.6400 (2) Rs.6472 (3) amount to (1) Rs.1,056 (2)
(4) 4000 Rs.6840 (4) Rs.7200 Rs.1,112 (3) Rs.1,182 (4)
21. An investor invested his 26. The sum was lent at simple Rs.992
saving in the stock market. interest at a certain rate for 5. The rate of simple interest
The value of his 2 years. Had it been lent at per annum of bank being
1
investments increased by 3% higher rate, it would decreased from 5% to 32 %,
12% and 9% in the first year have fetched Rs.300 more. the annual income of a
and the second year The original sum of money person from interest was
respectively. If the value of was: (1) Rs.5000 (2) less by Rs.105. The sum
his investments after two Rs.6000 (3) Rs.7000 (4) deposited at the bank was
years became Rs.97,664 Rs.4000 (1) Rs.6,000 (2) Rs.7,200 (3)
then how much had he Rs.6,800 (4) Rs.7,000
invested (in Rs.)? (1)81000 6. A sum of Rs.2,400 amounts
(2) 75000 (3) 80000 (4) Set-2 to Rs.3,264 in 4 years at a
72000 certain rate of simple
(R% INCREASE DECREASE)
22. A money lender finds that interest. If the rate of
due to fall in the annual 1. The amount Rs.2,100 interest is increased by 1%,
3
rate of interest 8% to 74%, became Rs.2,352 in 2 years the same sum in the same
his yearly income at simple interest. If the time would amount to (1)
diminishes by Rs.61.50. His interest rate is decreased Rs.3,288 (2) Rs.3,312 (3)
capital is (1) Rs.22400 (2) by 1%. What is the new Rs.3,340 (4) Rs.3,360
Rs.23800 (3) Rs.24600 (4) interest? (1) Rs.210 (2) 7. A sum of money was lent at
Rs.26000 Rs.220 (3) Rs.242 (4) Rs.252 simple interest at a certain
23. A man loses Rs.55.50 yearly 2. A sum of Rs.800 amounts to rate for 3 years. Had it been
when the annual rate of Rs.920 in 3 years at the lent at 2.5% per annum

P a g e 2 of 8
SIMPLE INTEREST
higher rate, it would have years. It will become 5 months (3) 8 yrs. 4 months
fetched Rs.540 more. The times of itself in (1) 40 yrs. (4) 7 yrs. 6 months
money lent was: (1) (2) 36 yrs. (3) 30 yrs. (4) 25 14. In certain years a sum of
Rs.6400 (2) Rs.6472 (3) yrs. money is doubled to itself
1
Rs.6840 (4) Rs.7200 7. A sum of money at a certain at 64% simple interest per
8. The sum was lent at simple rate per annum of simple annum, then the requried
interest at a certain rate for interest doubles in the 5 time will be (1) 16 yrs. (2)
2 years. Had it been lent at years and at a different rate 1 2
122yrs. (3) 8 yrs. (4) 103yrs.
3% higher rate, it would becomes three times in 12
have fetched Rs.300 more. years. The lower rate of 15. A sum was doubled with
1
The original sum of money interest per annum is (1) 122% rate of simple
3
was: (1) Rs.5000 (2) 15% (2) 20% (3) 15 % (4) interest, per annum. Then
4
Rs.6000 (3) Rs.7000 (4) 2 time taken for that sum (1)
16 3% 1
Rs.4000 82years (2) 8 years (3) 10
8. If a sum becomes 8 times of
1
Set-3 itself in three years. In how years (4) 12 2 years
(SUM BECOMES N TIMES) much time it will get 64
times of itself. Set-4
1. If a sum becomes 3 times of 9. A certain sum doubles in 7 (DIFFARENT TIME &
itself in five years, then find years at simple interest. PRINCIPLE)
the rate? The same sum under the 1. Any sum becomes 2100 in
2. If a sum of money at simple same interest rate will two years and Rs 2250 in 5
interest doubles in 12 become 4 times in how years. Find the Money and
years, the rate of interest many years (1) 14 (2) 28 (3) Rate?
2
per annum is (1) 16 3% (2) 21 (4) 10 2. What sum of money will
1
7.5% (3) 8 3 % (4) 10% 10. A certain sum becomes 7 amount to Rs.520 in 5 years
times in 8 years, at simple and to Rs.568 in 7 years at
3. At what percent of simple
interest, then in how many simple interest? (1) Rs.400
interest will a sum of
years will it become 19 (2) Rs.120 (3) Rs.510 (4)
money double itself in 15
1 2 1 times of itself? (1) 15 (2) 18 Rs.220
years? (1) 63% (2) 63% (3) 62 (3) 28 (4) 24 3. A certain sum of money
% (4) 6% 11. A certain sum becomes 5 amounts to Rs.756 in 2
4. The rate of simple interest times in 3 years, at simple 1
years and to Rs.873 in 3 2 at
for which a sum of money interest, then in how many
a certain rate of simple
becomes 5 times of itself in years will it become 13
1 2 interest. The rate of
8 years is: (1) 63% (2) 63% times of itself? (1) 6 (2) 15
interest per annum is (1)
1 (3) 9 (4) 12
(3) 62 % (4) 6% 10% (2) 11% (3) 12% (4)
12. In how many years will a
5. If a sum of money doubles 13%
sum of money double itself
itself in 8 years, then the 4. A sum of money amounts
at 5% per annum ? (1) 20
interest rate in percentage to Rs.5,200 in 5 years and to
yrs (2) 5yr (3) 4yr (4) 7 yrs
1
is (1) 82% (2) 10% (3) 102%
1 Rs.5,680 in 7 years at
13. In how many years will a
1 simple interest. The rate of
(4)12 2 % sum of money double itself
interest per annum is (1)
6. A sum of money at simple at 12% per annum ? (1) 8
3% (2) 4% (3) 5% (4) 6%
interest trebles itself in 15 yrs. 6 months (2) 6 yrs. 9
P a g e 3 of 8
SIMPLE INTEREST
5. A sum of money at some 11. A certain sum of money interest on first part at the
rate of simple interest amounts to Rs.918 in 2 rate of 21% per annum is
amounts to Rs.2,900 in 8 years and Rs.969 in 3.5 equal to the simple interest
years and to Rs.3,000 in 10 years at simple interest . on second part at the rate
years. The rate of interest What is the rate of interest of 35% per annum. What is
1
per annum is (1) 4% (2) 2 2% (in % per annum) (1) 4 (2) 5 the interest (in Rs.) of each
(3) 3% (4) 2% (3) 6 (4) 8 part? (1) 1050 (2) 840 (3)
6. A certain sum of money 1400 (4) 1220
lent out at simple interest Set-5 5. A person invested a total
amounts to Rs.1380 in 3 (X% OF A= Y% OF B) sum of Rs.7900 in three
years and Rs.1500 in 5 1. Rs. The funds of 2100 were different schemes of simple
years. Find the rate per lent in two parts in such a interest at 3%, 5% and 8%
cent per annum. (1) 3% (2) way that interest earned in per annum. At the end of
3.5% (3) 4% (4) 5% 4 years at the rate of 6% per one year he got same
7. A sum of money lent out at annum on the first part, interest in all three
simple interest amounts to equal to the interest schemes. What is the
Rs.720 after 2 years and to accrued in two years at the money (in Rs.) invested at
Rs.1020 after a further rate of 9% per annum. So 3%? (1) 2900 (2) 3500 (3)
period of 5 years. The sum what is the second part of 4000 (4) 5600
is (1) Rs.500 (2) Rs.600 (3) the money? (a) 900 (b) 6. Rs. 2189 was divided into
Rs.700 (4) Rs.710 1200 (c) 1300 (d) 1400 three parts in such a way
8. If a sum of money becomes 2. A sum of Rs. 2800 is divided that their interest is equal
Rs.4000 in 2 years and into two parts in such a way in 1,2 and 3 years
Rs.5500 in 4 years 6 months that the interest on both respectively, if interest rate
at the same rate of simple the parts is equal. If the first is 4% per annum, then what
interest per annum, then part is lent at 9% p.a. for 5 will be the lowest amount?
the rate simple interest is years and second part is for (a) 756 (b) 597 (c) 702 (d)
3 2 1 6 years at 10% p.a. find the 398
(1) 217% (2) 21 7% (3) 21 7%
two sums (1) Rs.1800, Rs. 7. A man invested in three
5
(4) 21 7 % 1000 (2) Rs.1600, Rs.1200 schemes at the rate of 10
9. In simple interest rate per (3) Rs.1400, Rs.1400 (4) percent 12 percent and 15
annum a certain sum Rs.1300, Rs.1500 percent respectively for 6
amounts to Rs.5,182 in 2 3. A sum of Rs. 2800 is divided years, 10 years and 12 years
years and Rs.5,832 in 3 into two parts in such a way respectively at the end of
years. The principal in that the interest on both each scheme he got equal
rupees is (1) Rs.2882 (2) the parts is equal. If the first interest. Find out the ratio
Rs.5000 (3) Rs.3882 (4) part is lent at 9% p.a. for 5 of their investment?
Rs.4000 years and second part is for 8. If A borrowed Rs. P at x%
10. A certain sum becomes Rs. 6 years at 10% p.a. find the and B borrowed Rs. Q (>P)
1020 in 5 years and Rs.1200 two sums (1) Rs.1800, Rs. at y% per annum at simple
in 8 years at simple 1000 (2) Rs.1600, Rs.1200 interest at the same time,
interest. What is the value (3) Rs.1400, Rs.1400 (4) then the amount of their
of principal? (1) Rs.820 (2) Rs.1300, Rs.1500 debts will be equal after (1)
4. A sum of Rs.8000 is divided Q−P
Rs.780 (3) Rs.700 (4) Rs.720 100(Px−Qy) years (2) 100
into two parts. The simple
P a g e 4 of 8
SIMPLE INTEREST
Px−Qy 2
( )years (3) 100( equals the simple interest Rs.2600 at 6 % will be an
Q−P 3
Px−Qy on Rs.5,000 at the rate of exact number of rupees?
( )years (4) 12% per annum in 2 years.
P−Q
P−Q
(1) 3 (2) 2 (3) 5(4) 4
100((Px−QY )years The value of x (1) 10% (2) 5. In how much time (in years)
6% (3) 8% (4) 9% will a sum of Rs.9500
9. A sum of Rs.7,930 is divided
13. The rate of interest per amounts to Rs.17622.5 at
into three parts and given
annum at which the total the rate of 4.5% per annum
on loan at 5% simple
simple interest of a certain at simple interest? (1) 21
interest to A, B and C for 2,
capital for 1 years is equal (2) 23 (3) 19 (4) 20
3 and 4 years respectively.
to the total simple interest 6. In how many years a sum of
If the amounts of all three
of the same capital at the Rs.3000 will yield an
are equal after their
rate of 5% per annum for 2 interest of Rs.1080 at 12%
respective periods of loan, 5
then A received a loan of (1) years, is (1) 2% (2) 10% (3) per annum simple interest?
Rs.3,050 (2) Rs.2,760 (3) 25% (4) 12.5% (1) 4 years (2) 3 years (3) 5
1
Rs.2,750 (4) Rs.2,800 years (4) 22 years
10. A man deposits some sum Set-6 (TIME RELATED 7. A certain sum of money
of money in account of his QUESTIONS) amounts to Rs.2200 at 5%
one son whose age is 14 1. In how many years will a p.a. rate of interest,
years whereas balance sum sum of Rs.3,000 yield a Rs.2320 at 8% interest in
is deposited in second son's simple interest of Rs.1,080 the same period of time.
account whose age is 12 at 12% per annum? (1) 3 The period of time is: (1) 3
1
years so that when they years (2) 22 years (3) 2 years (2) 4 years (3) 5 years
both attains age of 18 years 1 (4) 2 years
years (4) 32years
they will get equal amount
whereas the rate of interest 2. In a certain time, the ratio
is 5%, then what is of a certain principal and Set-7
combined amount? (a) the simple interest
obtained from it are in the (R% RELATED QUESTIONS)
57600 and 62400 (b) 50000
(c) 75000 and 25000 (d) ratio 10:3 at 10% interest 1. Ratio of the principal and
None of the above per annum. The number of the amount after 1 year is
11. Rs.12,000 is divided into years of money was 10:12. Then the rate of
two parts so that the simple invested is (1) 1 year (2) 3 interest per annum is: (1)
interest on the first part for year (3) 5 year (4) 7 year 12 % (2) 16 % (3) 18 % (4) 20
3 years at 12% per annum 3. Alipta got some amount of %
may be equal to the simple money from her father. In 2. Manoj deposited Rs.29400
interest on the second part how many years will the for 6 years at a simple
for 4 1 2 years at 16% per ratio of the money and the interest. He got Rs.4200 as
annum. The ratio of the interest obtained from it be interest after 6 years. The
first part to the second part 10 : 3 at the rate of 6% annual rate of interest was
is (1) 2 : 1 (2) 1 : 2 (3) 2 : 3 simple interest per annum? 8
(1) 221 % (2)
7 8
% (3) 321%
20
(4) 3 : 2 (1) 7 years (2) 3 years (3) 5 8
years (4) 4 years (4) 4 21%
12. The simple interest on
4. What should be the least 3. If the ratio of principal and
Rs.4,000 in 3 years at the
number of years in which the simple interest for 5
rate of x% per annum
the simple interest on years is 10 : 3 then the rate
P a g e 5 of 8
SIMPLE INTEREST
of interest is(1) 5 % (2) 6 % years be equal then the Rs.7500 to Kabir for 2 years
(3) 8 % (4) 3 % rate of interest is(1) 8% (2) on simple interest at the
1 1 1
4. The simple interest on a 112% (3) 12 2% (4) 12 4% same rate of interest and
sum for 5 years is two-fifth 11. The simple interest on a received Rs.1422 in all from
of the sum. The rate of 4 both of them as interest.
sum of money is of the
interest per annum is(1) 0.1 9 The rate of interest per
(2) 0.08 (3) 0.06 (4) 0.04 principal and the number of annum is (1) 3.5 % (2) 4 %
5. The simple interest on a years is equal to the rate (3) 3 %(4) 4.5 %
3 percent per annum. The 16. Deepak lent Rs.8800 to
sum for 5 years is 5th of the
rate per annum is (1) 5% (2) Jaichand for 13 years and
sum. The rate or interest 2 1
63% (3) 6% (4) 75 % Rs.5500 to Kapil for 12
per annum is: (1) 10% (2)
1 12. The simple interest on a years on simple interest at
12% (3) 8% (4) 12 2% 8
sum of money is of the the same rate of interest
6. If the simple interest on 25
and received Rs.14432 in all
Rs.1 for 1 month is 1 paisa, sum. If the number of years
from both of them as
then the rate per cent per is numerically half the rate
interest. The rate of
annum will be (1) 10% (2) percent per annum, then
interest per annum is (1)
8% (3) 12% (4) 6% the rate percent per annum
1 8.5% (2) 9% (3) 9.5% (4) 8%
7. At what rate percent per is (1) 5 (2) 8 (3) 64 (4) 4
17. A money lender lends
annum will the simple 13. With a given rate of simple Rs.400 for 3 years to a
interest on a sum of money interest, the ratio of person and lends Rs.500 for
2
be of the amount in 10 principal and amount for a 4 years to the other person
5
years ? (1) 4% (2) 6% (3) certain period of time is 4 : at the same rate of simple
2 2 5. After 3 years, with the interest. If altogether he
53% (4) 6 3%
same rate of interest, the receives Rs.160 as interest,
8. At the rate of simple ratio of the principal and what is the rate of interest
interest per annum, the amount becomes 5 : 7. The per annum? (1) 5% (2) 7%
rate interest on a certain rate of interest is (1) 4 % (2) (3) 9% (4) 10%
sum of money for 10 years 6 % (3) 5 % (4) 7 %
2 18. A person lent Rs.10000 to B
will be the part of the 14. The simple interest on a
5 for 3 years and Rs.6000 to C
amount, then the rate of certain sum of money at for 4 years on simple
simple interest is (1) 5% (2) the rate of 5 % per annum interest at same rate of
2 1 for 8 years is Rs.840. Rate of
63% (3) 7% (4) 42 % interest and received
9. A sum of money becomes interest for which the same Rs.5400 in all fron both of
41 1 amount of interest can be them as interest. What is
on itself in years at a
40 4 received on the same sum the rate of interest (in%)(1)
certain rate of simple after 5 years is (1) 7% per 10 (2) 12.5 (3) 15 (4) 20
interest. The rate of annum (2) 8% per annum 19. Simple interest received by
interest per annum is (1) (3) 9% per annum (4) 10% a person in 10 years on a
10% (2) 1% (3) 2.5% (4) 5% per annum (1) 7% per principal of Rs.9500 is 130%
10. Simple interest on a certain annum (2) 8% per annum of the principal. What is the
sum at a certain annual rate (3) 9% per annum (4) 10%
16 rate of interest (in%) per
of interest is 25 of the sum. per annum annum? (1) 12 (2) 13 (3) 15
If the number representing 15. Dalajit lent Rs.10800 to (4) 19
rate per cent and time in Jaabir for 3 years and
P a g e 6 of 8
SIMPLE INTEREST
Set-8 3. Prakash lends a part of years, the amount will
Rs.20,000 at 8% simple become Rs.2,000 after (1)
(FIND SI)
interest and remaining at 4 15 years (2) 18 years (3) 20
2
1. What is the simple interest 3 % simple interest. His years (4) 16 3 years
on Rs.5400 in 5 years at the total income after a year 4. Ram bought a bike for
rate for 12% per annum? was Rs.800. Find the sum Rs.60,000. He paid
(1) Rs.2700 (2) Rs.2950 (3) lent at 8% (1) Rs.8,000 (2) Rs.10000 cash down and
Rs.3120 (4) Rs.3240 Rs.12,000 (3) Rs.6,000 (4) the rest at the end of 2
2. How much simple interest Rs.10,000 years at 15% simple
will Rs.4000 earn in 18 4. A person lent Rs.5,000 interest. How much more
months at 12% per annum partly at the rate of 4 did he pay as simple
(1) Rs.216 (2) Rs.360 (3) percent and partly at the interest? (1) Rs.15,000 (2)
Rs.720 (4) Rs.960 rate of 5 per cent per Rs.25,000 (3) Rs.35,000 (4)
3. The simple interest on annum simple interest. The Rs.50,000
total interest after 2 years is 5. A boy aged 12 years is left
Rs.7,300 from 11 May,
1987 to 10 September, Rs.440. To rates, Rs.5,000 is with Rs.1,00,000 which is
1987 (both days included) to be divided in the ratio: under a trust. The trustees
at 5% per annum is (1) (1) 4 : 5 (2) 3 : 2 (3) 5 : 4 (4) invest the money at 6% per
Rs.123 (2) Rs.103 (3) Rs.200 2:3 annum and pay the minor
(4) Rs.223 Set-10 boy a sum or Rs.2500 for his
pocket money at the end of
(INSTALLMENT RELATED each year. The expenses of
QUESTIONS) trust come out to be Rs.500
Set- 9
(MAN & WOMAN 1. What annual instalment per annum. Find the
RELATED QUESTIONS) will discharge a debt of amount that will be handed
Rs.6450 due in 4 years at over to the minor boy after
1. A sum of Rs. 5000 is lent out 5% simple interest? (1) he attains the age of 18
in two parts, one at 6% Rs.1500 (2) Rs.1835 (3) years. (1) Rs.120000 (2)
simple interest and the Rs.1935 (4) Rs.1950 Rs.150000 (3) Rs.118000
other at 14% simple 2. Ramesh deposited (4) Rs.125000
interest. If the annual Rs.15600 in a fixed deposit Set-11
interest is Rs.540, the sum at the rate of 10% per
lent at 6% is (1) Rs.2900 (2) annum simple interest. (MISCELLANEOUS
Rs.2200 (3) Rs.2400 (4) After evert second year, he QUESTIONS)
Rs.3100 adds his interest earnings 1. A lends Rs.2500 to B and a
2. A sum of Rs. 4000 is lent out to the principal. The certain sum to C at the
in two parts, one at 8% interest at the end of fourth same time at 7% annual
simple interest and the year is (1) Rs.1716 (2) simple interest. If after 4
other at 10% simple Rs.1560 (3) Rs.3432 (4) years, A altogether receives
interest. If the annual Rs.1872 Rs.1120 as interest form B
interest is Rs.352, the sum 3. Rs.1,000 is invested at 5% and C, the sum lent to C is
lent at 8% is (1) Rs.2900 (2) per annum simple interest. (1) Rs.700 (2) Rs.6500 (3)
Rs.2200 (3) Rs.2400 (4) If the interest is added to Rs.4000 (4) Rs.1500
Rs.3100 the principal after every 10

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SIMPLE INTEREST
2. Mohan lent some amount years. The total sum lent
of money at 9% simple out in (1) Rs.3500 (2)
interest and an equal Rs.2500 (3) Rs.2000 (4) SET-7
amount of money at 10% Rs.3000
simple interest each for
two years. If his total
interest was Rs.760, what
amount was lent in each
ANSWERS
case? (1) Rs.1700 (2)
Rs.1800 (3) Rs.1900 (4) SET-1 SET-9
Rs.2000
3. A person borrows Rs.5,000
for 2 years at 4% per annum
simple interest. He
immediately lends it to
1
another person at 64 % per SET-2 SET-10
annum simple interest for 2
years. He gain in the
transaction is (1) Rs.112.50
(2) Rs.450 (3) Rs.225 (4)
Rs.150
4. A person lends 40% of his SET-3
sum of money at 15% per
annum. 50% of rest at 10%
SET-11
per annum and the rest at
18% per annum rate of
interest. What would be
the annual rate of interest,
if the interest is calculated SET-4
on the whole sum? (1)
13.4% (2) 14.33% (3) 14.4% SET-12
(4) 13.33%
5. If a man receives in one-
forth of his capital 3%
interest, on two third 5%
SET-5
and on the remainder 11%
the percentage he receives
on the whole is (1) 7% (2)
5% (3) 10% (4) 12%
6. Two equal sums were lent
out at 7% and 5% S.I.
SET-6
respectively. The interest
earned on the two loans
add up to Rs.960 for 4

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