Simple interest


  1. The sum which amount to ₹ 364.80 in 8 yr at 3.5% simple interest per annum is









  1. View Hint View Answer Discuss in Forum

    Given, t = 8 yr, r = 3.5%, A = ₹ 364.80
    Let amount = ₹ P
    Since, A =P [1 + (RT/100)]

    Correct Option: A

    Given, t = 8 yr, r = 3.5%, A = ₹ 364.80
    Let amount = ₹ P
    Since, A =P [1 + (RT/100)]
    ∴ 364.80 = P[1 + (3.5 x 8)/100]
    ⇒ 364.80 = P[ 1+ (35 x 8)/100]
    ⇒ 3648/10 = P x (128/100)
    ⇒ P = 3648/128
    = ₹ 285


  1. A sum at simple interest of 131/2% per annum amounts to ₹ 3080 in 4 yr Find the sum.











  1. View Hint View Answer Discuss in Forum

    SI = (P x R x T)/100

    Correct Option: C

    Let sum = P
    Then, SI = (P x R x T)/100
    = {P x (27/2) x 4} / 100
    = {P x 54} / 100 = 27P / 50
    ∴ Amount = P + 27P / 50 = 77P/50
    According to the question 77P/50 = 3080
    ∴ P = (3080 x 50)/77 = ₹ 2000



  1. What will be simple interest for 1 yr and 4 months on a sum of ₹ 25800 at the rate of 14% per annum ?









  1. View Hint View Answer Discuss in Forum

    Here, P = ₹ 25800, R = 14%
    T = 1 yr 4 months = 1 + (4/12) years = 1 + (1/3) = 4/3 yr.

    According to the formula,
    SI = (P x R x T) / 100

    Correct Option: A

    Here, P = ₹ 25800, R = 14%
    T = 1 yr 4 months = 1 + (4/12) years = 1 + (1/3) = 4/3 yr.

    According to the formula,
    SI = (P x R x T) / 100 = {25800 x 14 x (4/3)}/100
    = (258 x 14 x 4)/3
    = ₹ 4816


  1. Rakesh lent out ₹ 8750 at 7% annual interest, Find the simple interest in 3 yr.









  1. View Hint View Answer Discuss in Forum

    Given, P = ₹ 8750., R = 7% T = 3 yr
    According to the formula.
    SI = (P x R x T)/100

    Correct Option: B

    Given, P = ₹ 8750., R = 7% T = 3 yr
    According to the formula.
    SI = (P x R x T)/100 = (8750 x 7 x 3)/100
    = ₹ 1837.50



  1. What will be the simple interest on ₹ 4000 at 121/2% per annum for the period from 4th February, 2005 to 18th April, 2005 ?











  1. View Hint View Answer Discuss in Forum

    Here, P = ₹ 4000, R = 121/2% = 25 / 2%
    T = (24 + 31 + 18) days = 73 days
    = 73/365 yr = 1/5 yr
    ∴ SI = (P x R x T)/100

    Correct Option: D

    Here, P = ₹ 4000, R = 121/2% = 25 / 2%
    T = (24 + 31 + 18) days = 73 days
    = 73/365 yr = 1/5 yr
    ∴ SI = (P x R x T)/100 = (4000 x 25/2 x 1/5 )/100
    = ₹ 100