(a) 2.5%
(b) 3%
(c) 4%
(d) 5%
Q2. The compound interest on a certain sum of money invested for 2 years at 5% per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be:
(a) Rs. 320
(b) Rs. 308
(c) Rs. 300
(d) Rs. 287
Q3. A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?
(a) 8 years
(b) 10 years
(c) 12 years
(d) 14 years
(a) 50,000
(b) 45,000
(c) 60,000
(d) 65,000
Q5. Rs. 1,000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs 2,000 after
Q6. In what time will the simple interest be 2/5 of the principal at 8 percent per annum?
(a) 8 years
(b) 7 years
(c) 5 years
(d) 6 years
Q7. A sum of Rs. 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs. 300. The ratio of money lent at 5% to that at 8% is:
(a) 5: 8
(b) 8: 5
(c) 31: 6
(d) 16: 15
Q8. What sum of money will amount to Rs.520 in 5 years and to Rs. 568 in 7 years at simple interest?
(a) Rs. 400
(b) Rs. 120
(c) Rs. 510
(d) Rs. 220
Q9. A person lent Rs. 5,000 partly at the rate of 4 percent and partly at the rate of 5 percent per annum, at simple interest. The total interest after 2 years is Rs. 440. The sum of money lent at each of the above rates is to be divided in the ratio:
(a) 4 : 5
(b) 3 : 2
(c) 5 : 4
(d) 2 : 3
(a) Rs. 22400
(b) Rs. 23800
(c) Rs. 24600
(d) Rs. 26000
Q11. A sum of Rs. 1000 is lent out partly at 6% and the remaining at 10% per annum. If the yearly income on the average is 9.2%. the both parts respectively are:
(a) Rs. 400, Rs. 600
(b) Rs. 450, Rs. 550
(c) Rs. 200, Rs. 800
(d) Rs. 550, Rs. 450
Q13. In how many years will a sum of Rs. 3000 yield a simple interest of Rs. 1080 at 12% per annum?
Q15. A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs. 24 more interest. The sum of money is:
(a) Rs. 1200
(b) Rs. 1050
(c) Rs. 1000
(d) Rs. 9600
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