Simple interest


  1. Ramesh invested an amount that is 10% of ₹ 10000 at simple interest. After 3 yr, the amount becomes ₹ 2500. Find out the 4 times of actual interest rate.











  1. View Hint View Answer Discuss in Forum

    Investment of Ramesh = 10% of 10000 = ₹ 1000
    After 3 yr = 2500 - 1000 = ₹ 1500

    We know.
    SI = (P x R x T)/100

    Correct Option: C

    Investment of Ramesh = 10% of 10000 = ₹ 1000
    After 3 yr = 2500 - 1000 = ₹ 1500

    We know.
    SI = (P x R x T)/100
    ⇒ 1500 = (1000 x R x 3)/100
    ∴ R = (1500 x 100) / (1000 x 3) = 50%
    ∴ 4 times of 50% = 200%


  1. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 12 yr and for 18 yr ?











  1. View Hint View Answer Discuss in Forum

    If the principal = P and interest = R%
    Then, required ratio = [(P x R x 12)/100] / [(P x R x 18)/100]

    Correct Option: C

    If the principal = P and interest = R%
    Then, required ratio = [(P x R x 12)/100] / [(P x R x 18)/100]
    = 12 / 18
    = 2/3
    = 2 : 3



  1. Divide ₹6800 into two parts so that S.I. on the first part for 3
    1
    Years at 6% may be equal to
    3
    the interest on the second part for 3
    1
    Years at 4% Percent Per annum
    3










  1. View Hint View Answer Discuss in Forum

    Let the first part be p. then ,
    second part = (6800 – p)

    Interest on first part for 3
    1
    years at 6%
    3

    =
    p × 6 × ( 10/3 )
    =
    p
    1005

    Interest on second part for 3
    1
    years at 4%
    2

    SI =
    (6800 - p) × 4 × ( 7/2 )
    100

    SI = ₹
    (6800 - p) × 7
    50

    According to the question,
    p
    =
    (6800 - p) × 7
    550

    Correct Option: B

    Let the first part be p. then ,
    second part = (6800 – p)

    Interest on first part for 3
    1
    years at 6%
    3

    =
    p × 6 × ( 10/3 )
    =
    p
    1005

    Interest on second part for 3
    1
    years at 4%
    2

    SI =
    (6800 - p) × 4 × ( 7/2 )
    100

    SI = ₹
    (6800 - p) × 7
    50

    According to the question,
    p
    =
    (6800 - p) × 7
    550

    ⇒ 10p = (6800 – p) 7
    ⇒ 10p = 47600 – 7p
    ⇒ 17p = 47600
    ⇒ p = 2800
    Hence, first part = ₹ 2800
    and second part = ₹ (6800 – 2800) = ₹ 4000.


  1. A certain sum of money amounts to ₹6780 in 2 years and to ₹7360.50 in
    3
    1
    Years. Find the sum and the rate of interest.
    3









  1. View Hint View Answer Discuss in Forum

    According to question ,

    Principal + S.I. for 3
    1
    years = ₹ 7360.50 ....... (i)
    2

    Principal + S.I. for 2 years = ₹ 6780 ...... (ii)
    On subtracting equation (ii) from (i),
    S.I. for 1
    1
    years = ₹ 580.50
    2

    ∴ S.I. for 2 years = ₹
    580.50 × 2 × 2
    = ₹ 774
    3

    Correct Option: A

    According to question ,

    Principal + S.I. for 3
    1
    years = ₹ 7360.50 ....... (i)
    2

    Principal + S.I. for 2 years = ₹ 6780 ...... (ii)
    On subtracting equation (ii) from (i),
    S.I. for 1
    1
    years = ₹ 580.50
    2

    ∴ S.I. for 2 years = ₹
    580.50 × 2 × 2
    = ₹ 774
    3

    ∴ Principal = (6780 – 774 ) = ₹ 6006
    And, rate of interest =
    774 × 100
    = 6.4% per annum.
    6006 × 2



  1. A borrowed ₹ 1500 at 4% per annum and ₹ 1400 at 5% per annum for the same period. He paid ₹ 390 as total interest. Find the time for which he borrowed the sum.









  1. View Hint View Answer Discuss in Forum

    We know that ,
    SI = SI1 + SI2

    SI =
    P1R1T
    +
    P2R2T
    100 100

    or, T =
    100 ×
    SI
    P1R1 + P2R2

    T =
    100 × 390
    (1500 × 4) + (1400 × 5)

    Correct Option: C

    We know that ,
    SI = SI1 + SI2

    SI =
    P1R1T
    +
    P2R2T
    100 100

    or, T =
    100 ×
    SI
    P1R1 + P2R2

    T =
    100 × 390
    (1500 × 4) + (1400 × 5)

    T =
    39000
    13000

    T = 3 years.