Simple interest


  1. A sum of Rs. 2800 is divided into two parts in such a way that the interest on both the parts is equal. If the first part is lent at 9% p.a. for 5 years and second part is for 6 years at 10% p.a., find the two sums.









  1. View Hint View Answer Discuss in Forum

    Let first part be y.
    ∴ Second part = Rs. (2800 – y)
    According to the question,

    SI =
    Principal × Time × Rate
    100

    y × 5 × 9
    =
    (2800 - y) × 6 × 10
    100100

    ⇒ 3y = 4 × 2800 – 4y
    ⇒ 7y = 4 × 2800

    Correct Option: B

    Let first part be y.
    ∴ Second part = Rs. (2800 – y)
    According to the question,

    SI =
    Principal × Time × Rate
    100

    y × 5 × 9
    =
    (2800 - y) × 6 × 10
    100100

    ⇒ 3y = 4 × 2800 – 4y
    ⇒ 7y = 4 × 2800
    ⇒ y =
    4 × 2800
    = Rs. 1600
    7

    ∴ Second part = Rs. (2800 – 1600) = Rs. 1200


  1. The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is









  1. View Hint View Answer Discuss in Forum

    According to the question,

    SI
    =
    2
    Principal5

    ∴ Rate =
    SI × 100
    Principal × Time

    Correct Option: B

    According to the question,

    SI
    =
    2
    Principal5

    ∴ Rate =
    SI × 100
    Principal × Time

    Rate =
    2
    ×
    100
    = 8% per annum
    55

    Rate = 0.08 per annum



  1. If the simple interest on Re. 1 for 1 month is 1 paisa, then the rate percent per annum will be









  1. View Hint View Answer Discuss in Forum

    Given , Principle = ₹ 1 , Time = 1 month = ( 1 / 12 ) year and SI = 1 paisa = ₹ ( 1 / 100 )
    As we know that ,

    Rate =
    SI × 100
    Principal × Time

    Correct Option: C

    Given , Principle = ₹ 1 , Time = 1 month = ( 1 / 12 ) year and SI = 1 paisa = ₹ ( 1 / 100 )
    As we know that ,

    Rate =
    SI × 100
    Principal × Time

    Rate =
    (1 ÷ 100) × 100
    = 12% p.a.
    1 × (1 ÷ 12)


  1. How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?









  1. View Hint View Answer Discuss in Forum

    We find the required answer with the help of given formula ,

    SI =
    Principal × Time × Rate
    100

    SI = 4000 ×
    18
    ×
    12
    12100

    Correct Option: C

    We find the required answer with the help of given formula ,

    SI =
    Principal × Time × Rate
    100

    SI = 4000 ×
    18
    ×
    12
    12100

    SI = Rs. 720



  1. For what sum will the simple interest at R% per annum for 2 years will be R ?









  1. View Hint View Answer Discuss in Forum

    Given that , SI = R , Rate = R% and Time = 2 years
    As we know that ,

    Principal =
    SI × 100
    Time × Rate

    Principal =
    R × 100
    2 × R

    Correct Option: B

    Given that , SI = R , Rate = R% and Time = 2 years
    As we know that ,

    Principal =
    SI × 100
    Time × Rate

    Principal =
    R × 100
    2 × R

    Principal = Rs. 50