Simple interest


  1. A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.









  1. View Hint View Answer Discuss in Forum

    According to question ,
    Case I,
    Here , T = 7 years
    Simple Interest = Principal

    Rate =
    SI × 100
    Principal × Time

    Rate =
    100
    % per annum
    7

    Case II,
    Here , R = ( 100 / 7 )%
    Simple Interest = 3 × Principal
    Time =
    SI × 100
    Principal × Rate

    Correct Option: C

    According to question ,
    Case I,
    Here , T = 7 years
    Simple Interest = Principal

    Rate =
    SI × 100
    Principal × Time

    Rate =
    100
    % per annum
    7

    Case II,
    Here , R = ( 100 / 7 )%
    Simple Interest = 3 × Principal
    Time =
    SI × 100
    Principal × Rate

    Time =
    3 × 100
    100
    7

    Time = 3 × 7 = 21 years


  1. A sum amounts to double in 8 years by simple interest. Then the rate of simple interest per annumis









  1. View Hint View Answer Discuss in Forum

    Let Principal = Rs. p
    Amount = Rs. 2p
    ∴ Simple Interest = Amount - Principal
    Simple Interest = 2p – p = Rs. p

    ∴ Rate =
    SI × 100
    Principal × Time

    Rate =
    p × 100
    =
    25
    p × 82

    Rate = 12.5 % per annum
    Second method to solve this question :
    Here , n = 2
    R =
    (n - 1)
    × 100
    T

    Correct Option: B

    Let Principal = Rs. p
    Amount = Rs. 2p
    ∴ Simple Interest = Amount - Principal
    Simple Interest = 2p – p = Rs. p

    ∴ Rate =
    SI × 100
    Principal × Time

    Rate =
    p × 100
    =
    25
    p × 82

    Rate = 12.5 % per annum
    Second method to solve this question :
    Here , n = 2
    R =
    (n - 1)
    × 100
    T

    R =
    (2 - 1)
    × 100%
    8

    R = 12.5%



  1. In how much time, will a sum of money become double of itself at 15% per annum simple interest?









  1. View Hint View Answer Discuss in Forum

    If the principal be p, the amount = 2p
    ∴ SI = p

    ∴ Time =
    SI × 100
    Principal × Rate

    Time =
    p × 100
    =
    20
    = 6
    2
    years.
    p × 1533

    Second method to solve this question :
    T =
    (n - 1)
    × 100
    R

    Correct Option: D

    If the principal be p, the amount = 2p
    ∴ SI = p

    ∴ Time =
    SI × 100
    Principal × Rate

    Time =
    p × 100
    =
    20
    = 6
    2
    years.
    p × 1533

    Second method to solve this question :
    T =
    (n - 1)
    × 100
    R

    T =
    (2 - 1)
    × 100
    15

    T =
    100
    year
    15

    T =
    20
    year
    3

    T = 6
    2
    year
    3


  1. At a certain rate of simple interest, a certain sum of money becomes double of itself in 10 years. It will become treble of itself in









  1. View Hint View Answer Discuss in Forum

    If principal be p , interest = p and rate = r% p.a. then

    Rate =
    SI × 100
    Principal × Time

    Rate =
    p × 100
    = 10%
    p × 10

    Now, Principal = p, interest = 2p
    Then, time =
    SI × 100
    Principal × Rate

    time =
    2p × 100
    = 20 year
    p × 10

    Second method to solve this question :
    R =
    (2 - 1)
    × 100%
    10

    R = 10%

    Correct Option: C

    If principal be p , interest = p and rate = r% p.a. then

    Rate =
    SI × 100
    Principal × Time

    Rate =
    p × 100
    = 10%
    p × 10

    Now, Principal = p, interest = 2p
    Then, time =
    SI × 100
    Principal × Rate

    time =
    2p × 100
    = 20 year
    p × 10

    Second method to solve this question :
    R =
    (2 - 1)
    × 100%
    10

    R = 10%
    T =
    (n - 1)
    × 100 years.
    R

    T =
    3 - 1
    × 100 years.
    100

    T = 20 years.



  1. In how many years will a sum of money double itself at 6
    2
    %
    3
    simple interest per annum ?









  1. View Hint View Answer Discuss in Forum

    Let principal is P.
    As we know that ,

    Time =
    SI × 100
    Principal × Rate

    Time =
    P × 100
    = 16 years
    P × (25 ÷ 4)

    Second method to solve this question :
    T =
    (n - 1)
    years
    R%

    Correct Option: C

    Let principal is P.
    As we know that ,

    Time =
    SI × 100
    Principal × Rate

    Time =
    P × 100
    = 16 years
    P × (25 ÷ 4)

    Second method to solve this question :
    T =
    (n - 1)
    years
    R%

    T =
    (2 - 1)
    × 100 years
    25÷4

    T = 16 years.