Simple Interest
Practice Set
1.Kabir paid Rs. 9600 as interest on a loan he took 5 years
ago at 16% rate of simple interest. What was the amount he took as loan?
(A)Rs. 16400 (B)Rs. 12000 (C)Rs. 12500 (D)Rs. 18000
2. Suresh for 2 years
invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the
end he received Rs. 220 from both banks as simple interest. What must have been
rate of interest?
(A)10% (B)12% (C)11% (D)5.5%
3. Guddi
invested some money in a bank at rate of 6% per annum. At simple interest,
after 9 years, she got Rs. 8470. How much did she invest?
(A)Rs. 5250 (B)Rs. 6550 (C)Rs. 6400 (D)Rs. 5500
4. A
sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in
4 years. The sum is:
(A)Rs. 650 (B)Rs. 690 (C)Rs. 698 (D)Rs. 700
5. How
much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at
4.5% per annum of simple interest?
(A)3.5 years (B)4 years (C)4.5 years (D)5 years
6. A
lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest
at the same rate of interest and received Rs. 2200 in all from both of them as
interest. The rate of interest per annum is:
(A)5% (B)7% (C)7% (D)10%
7. A
man took loan from a bank at the rate of 12% p.a. simple interest. After 3
years he had to pay Rs. 5400 interest only for the period. The principal amount
borrowed by him was:
(A)Rs. 2000 (B)Rs. 10,000 (C)Rs. 15,000 (D)Rs. 20,000
8.What will be the ratio of simple interest earned by certain
amount at the same rate of interest for 6 years and that for 9 years?
(A)1 : 3 (B)1 : 4 (C)2 : 3 (D)Data inadequate
9. A
sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at
the same rate of simple interest. The rate of interest per annum is:
(A)5% (B)8% (C)12% (D)15%
10. A
sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest. Interest rate
is increased by 8%, it would amount to how much?
(A)1020 (B)920 (C)992 (D)1089
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