Simple interest


  1. A certain sum at simple interest amounts to Rs 1040 in 3 Yr and to Rs 1360 in 7 yr.Then the sum is ?









  1. View Hint View Answer Discuss in Forum

    Simple Interest for 4 yr = Rs( 1360 - 1040 ) = Rs 320
    So, Simple Interest for 3 yr = Rs [(320/4) x 3]= Rs 240

    Correct Option: B

    Simple Interest for 4 yr = Rs(1360 - 1040 ) = Rs 320
    so, Simple Interest for 3 yr= Rs [(320/4) x 3]= Rs 240

    Sum = Rs (1040-240)= Rs 800


  1. At what rate percent per annum simple interest , will a sum of money triple itself in 25 year?









  1. View Hint View Answer Discuss in Forum

    Rate R = (100 x SI)/(P x T)
    where , SI= Simple Interest
    T= Time

    Correct Option: A

    Let principal amount = P
    As amount =3P, T=25 yr
    ∴ SI=3P-P=2P
    ∴ Rate R = (100 x SI)/(P x T)
    where, SI= Simple Interest T = Time
    = (100 x 2P)/(P x 25)=8%



  1. The difference of 13% per annum and 12% of a sum in 1 year is Rs 110.Then the sum is ?









  1. View Hint View Answer Discuss in Forum

    Let the sum be 'y'
    then, [(y x13 x 1)/100]-[(y x 12 x 1)/100]=110

    Correct Option: C

    Let the sum be 'y'
    then, [(y x13 x 1)/100 ]- [( y x 12 x 1) / 100]=110
    since ( y / 100 ) = Rs 110
    ∴ Y = Rs 11000


  1. A sum of money at simple interest amount to Rs 1260 in 2 yr and Rs 1350 in 5 yr, then the rate percent per annum is ?









  1. View Hint View Answer Discuss in Forum

    Simple in 3 year = Rs( 1350 - 1260) = Rs 90
    Simple in 2 year = (2/3) &time; 90= Rs 60
    Rate, R= (100 x SI)/(P x T)
    where , SI= Simple Interest
    P= Principal
    T= Time

    Correct Option: C

    Simple in 3 year = Rs( 1350 - 1260) = Rs 90
    Simple in 2 year = (2/3) &time; 90= Rs 60
    Principal = Rs (1260 -60)= Rs 1200
    Rate, R= (100 x SI)/(P x T)= (100 x 60)/(1200 x 2)=60/24= 25 %
    where , SI= Simple Interest
    P= Principal
    T= Time



  1. If a certain sum is doubled in 8 yr on simple interest, in how many year will it be four times?









  1. View Hint View Answer Discuss in Forum

    Let the sum be Rs 'y' , so amount = 2y
    Simple interest =Rs y
    Let R be the rate of interest,
    R= (100 x SI)/(P x T)
    where SI= Simple Interest
    P = Principal
    T = Time

    Correct Option: A

    Let the sum be Rs 'y' , so amount = 2y
    Simple interest =Rs y
    Let R be the rate of interest,
    R= (100 x SI)/(P x T) = (100 x y) / (y x 8) = 12.5 %
    where SI= Simple Interest
    P = Principal
    T = Time

    now, the needed amount = Rs 4y
    since SI = Rs (4x-x)= Rs 3y
    since T= (100 x SI)/(P x R)
    = (100 x 3y )/(y x 125)= 24 yr