Q1. A sum of Rs. x was invested at 10% simple interest for 3 years. If the same sum was invested at 4% more for same period, then it would have fetched Rs. 120 more. Find the value of 5x. (in Rs.)
(a) 5000
(b) 4800
(c) 3600
(d) 5500
(e) 4000
Q2. A sum of Rs. P was invested at 10% for 2 years at simple interest. If the same sum was invested at 20% for ‘x’ years, it would have fetched Rs. 200 more. Find ‘x’ if Px = 5000. (value of x is given in months)
(a) 12
(b) 18
(c) 15
(d) Cannot be determined
(e) None of these
Q3. A sum of Rs 1400 becomes Rs 2408 in 8 years at simple interest, then find the rate of interest for last 4 years. If the interest rate for 1st four years is 12% per annum?
(a) 8 %
(b) 10 %
(c) 6%
(d) 4 %
(e) None of these
Q4. Rs 12000 becomes Rs. 15000 in 18 months at a certain rate of interest at simple interest. Find amount, if Rs 5000 invested at same rate for 30 months at simple interest.
(a) Rs. 7883.33
(b) Rs. 7083.33
(c) Rs. 7279.80
(d) Rs. 7173.33
(e) None of these
Q5.The interest earned on an amount after 2 yrs at 10 % per annum compounded yearly is Rs 672. Find the interest earned on same amount after 4 yr at 14 % per annum at simple interest ?
(a) Rs 1792
(b) Rs 1864
(c) Rs 1912
(d) Rs 1754
(e) Rs 1720
Solutions
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