Activity No.

Name: 9. A sum of P725 is lent in the beginning of a year at a certain

Degree Program: rate of interest. After 8 months, a sum of P362.50 more is lent
Schedule: but at the rate twice the former. At the end of the year, P33.50 is
Subject: earned as interest from both the loans. What was the original
rate of interest?
Directions: Analyze each problem carefully and ENCIRCLE the
A. 3.6% B.4.5% C.5%
LETTER of your BEST ANSWER. No Solution – No Credit
D. 6% E. None of these

10. A man took loan from a bank at the rate of 12% p.a. simple
interest. After 3 years he had to pay P5400 interest only for the
1. A sum of money at simple interest amounts to P815 in 3 years period. The principal amount borrowed by him was:
and to P854 in 4 years. The sum is: A. P2000 B. P10,000
A. P650 B. P690 C. P698 D.P700 C. P15,000 D. P20,000

2. Mr. Thomas invested an amount of P13,900 divided in two 11. A sum of money amounts to P9,800 after 5 years and
different schemes A and B at the simple interest rate of 14% p.a. P12,005 after 8 years at the same rate of simple interest. The
and 11% p.a. respectively. If the total amount of simple interest rate of interest per annum is:
earned in 2 years be P3508, what was the amount invested in A.5% B.8% C.12% D.15%
Scheme B? 12. What will be the ratio of simple interest earned by certain
A. P6400 B. P6500 E.None of these amount at the same rate of interest for 6 years and that for 9
C.P7200 D. P7500 years?
A.1 : 3 B.1 : 4 C.2 : 3
3. A sum fetched a total simple interest of P4016.25 at the rate
D. Data inadequate E. None of these
of 9 p.c.p.a. in 5 years. What is the sum?
A.P4462.50 B.P8032.50 E.None of these 13. A certain amount earns simple interest of P1750 after 7
C.P8900 D.P8925 years. Had the interest been 2% more, how much more interest
would it have earned?
4. How much time will it take for an amount of P450 to yield P81 A. P35 B. P245 C. P350
as interest at 4.5% per annum of simple interest? D. Cannot be determined E. None of these
A.3.5 years B.4 years C.4.5 years D.5 years
14. A person borrows P5, 000 for 2 years at 4% p.a. simple
5. Reena took a loan of P1200 with simple interest for as many interest. He immediately lends it to another person at 6 p.a for 2
years as the rate of interest. If she paid P432 as interest at the years. Find his gain in the transaction per year.
end of the loan period, what was the rate of interest? A. P112.50 B. P125
A.3.6 B.6 C.18 C. P150 D. P167.50
D. Cannot be determined E. None of these
15. Find the simple interest on P7000 at 50/3 % for 9 months
6. A sum of 12,500 amounts to P15,500 in 4 years at the rate of
A. P1075 B. P975 C. P875 D. P775
simple interest. What is the rate of interest?
A.3% B.4% C.5% D.6% E. None of these 16. Find the simple interest on the P2000 at 25/4% per annum
7. An automobile financier claims to be lending money at simple for the period from 4th Feb 2005 to 18th April 2005
interest, but he includes the interest every six months for A. P25 B. P30 C. P35 D. P40
calculating the principal. If he is charging an interest of 10%, the
17. Sachin borrows P5000 for 2 years at 4% p.a. simple interest.
effective rate of interest becomes:
He immediately lends money to Rahul at 25/4% p.a. for 2 years.
A.10% B.10.25%
Find the gain of one year by Sachin.
C.10.5% D.None of these
A.110.50 B.111.50
8. A lent P5000 to B for 2 years and P3000 to C for 4 years on C.112.50 D.113.50
simple interest at the same rate of interest and received P2200
in all from both of them as interest. The rate of interest per 18. If A lends P3500 to B at 10% p.a. and B lends the same sum
annum is: to C at 11.5% p.a., then the gain of B (in P) in a period of 3 years
1 is
A.5% B.7% C. 7 % D.10% A. P154.50 B. P155.50
8
C. P156.50 D. P157.50
19. Sahil took a loan for 6 years at the rate of 5% per annum on
Simple Interest, If the total interest paid was P1230, the principal
was
A.4100 B.4200 C.4300 D.4400
20. There was simple interest of P4016.25 on a principal amount
at the rate of 9%p.a. in 5 years. Find the principal amount
A. P7925 B. P8925
C. P7926 D. P7925
21. Find the rate at Simple interest, at which a sum becomes
four times of itself in 15 years.
A.10% B.20% C.30% D.40%
22. At 5% per annum simple interest, Rahul borrowed P500.
What amount will he pay to clear the debt after 4 years
A.750 B.700 C.650 D.600
23. If a sum of money doubles itself in 8 years at simple interest,
the rate percent per annum is
A.12 B.12.5 C.13 D.13.5
24. A sum of P12,500 amounts to P15,500 in the 4 years at the
rate of simple interest. Find the rate percent
A.6 % B.7 % C.8 % D.9 %
25. What is the present worth of P132 due in 2 years at 5%
simple interest per annum
A.110 B.120 C.130 D.140