SIMPLE INTEREST 0

Formula:

1. Find the amount of simple interest on an amount of Rs. 4000 in 3 years at the rate of 6% annual interest.
6%
(a) Rs.700 (b) Rs.800 (c) Rs.720 (d) Rs.760

2. What will be the difference between the amount and principal of Rs. 4000 in 4 years at the rate of 5%
annual interest?/ 5%
(a) 565.50 (b) 565 (c) 400 (d) 800

3. Rakesh lent out Rs 8750 at the rate of 7% annual interest, then what will be the simple interest for three
years?/ 7%
(a) 1870 (b) 1560 (c) 1837.50 (d) 2200

4. What will be the simple interest on the principal amount of Rs 18440 at the rate of 15% per annum for
4 years?\ 15%
(a) 11064 (b) 12250 (c) 11500 (d) 12985

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5. A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which
he is charged a simple interest at the rate of 12% per year. The total amount he pays for the TV is:\
TV
12%
(a) Rs.17,200 (b) Rs.18,200 (c) Rs.17,800 (d) Rs.16,800

6. The simple interest at x% for x years will be Rs. x on a sum of:

x x% x
100 100
(a) Rs. x (b) Rs.100x (c) Rs. (d) Rs.
x x2

7. The sum which amounts to Rs. 364.80 in 8 years at 3.5% simple interest per annum is:
3.5% 364.80
(a) Rs.285 (b) Rs.280 (c) Rs.275 (d) Rs.270

1 3
8. The simple interest on a certain sum of money for 3 years at 3 % p.a., Rs. 210. The sum is:
2 4
1 3
3 3 %
2 4
(a) Rs.1580 (b) Rs.2400 (c) Rs.2800 (d) Rs.1600

2 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

9. If the SI on a certain sum of money for 3 years at the rate of 12.5% is Rs. 3500 less than its principal. Find
the sum./ 12.5%
(a) 5600 (b) 5800 (c) 5700 (d) 5500

2
10. If the SI on a certain sum of money at 6 % per annum for 4 years is Rs. 4400 less than its principal find
3
2
the SI./ 6 %
3
(a) 1800 (b) 1850 (c) 1600 (d) 1930

11. What will be the simple interest on Rs. 25800 at 14% per annum for 1 year and 4 months?
14%
(a) 4816 (b) 2580 (c) 4816.75 (d) 4815

12. At the rate of 8% p.a. simple interest, a sum of Rs. 5200 will earn how much interest in 3 years and 3 months?
8%
(a) Rs.120 (b) Rs.1352 (c) Rs.1400 (d) Rs.945

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 Type-2

13. At what rate of simple interest will a sum of Rs. the amount of Rs. 4200 will become Rs.6216 ?

(a) 5% (b) 3% (c) 6% (d) 4%

14. A certain sum of money becomes 3 times of itself in 40 years. Find the rate of simple interest.

(a) 5% (b) 3% (c) 4% (d) 2%

15. The rate of simple interest at which a sum of money becomes three times in 25 years is:

(a) 6% (b) 8% (c) 5% (d) 4%

16. A bank gives in investor double the intitial deposit in 5 years, interest being simple interest. Then the
rate of interest is:

(a) 15% (b) 16% (c) 18% (d) 20%

4 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

17. An amount will double itself in 16 years at a certain rate of simple interest per annum. The rate of
interest per annum is:/

1 1
(a) 10% (b) 6 % (c) 8% (d) 12 %
4 2

5
18. A certain sum of money becomes times of itself in 5 years. Find the rate of simple interest.
4
5
4
(a) 5% (b) 4% (c) 3% (d) 6%

1
19. If the simple interest on a certain sum of money for 2 years is of the principal, then find the rate of
5
1
interest per annum.\ 2
5
(a) 8% (b) 10% (c) 12% (d) 15%

1 3
20. On a certain sum, the simple interest at the end of 6 years becomes of the sum. The rate of interest is:
4 8
1 3
6
4 8
(a) 5% (b) 6% (c) 7% (d) 8%

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21. If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is:

(a) 8% (b) 3% (c) 5% (d) 6%

2
22. At the rate of simple interest per annum, the interest on a certain sum of money for 10 years will be
5
part of the amount, then the rate of simple intest is:
2
5

1 2
(a) 4 % (b) 5% (c) 6 % (d) 7%
2 3

9
23. Simple interest on a certain sum for 6 year is of the sum. The rate of interest is :
25

9
25

1 1
(a) 6% (b) 6 % (c) 8% (d) 8 %
2 2

1
24. At what rate of simple interest is Rs. 1600, will become 2832 in 5 year ?
2

1
5
2
(a) 11% per years (b) 12% per years (c) 13% per years (d) 14% per years

6 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

 Type - 3

25. In how many years will Rs. an amount of Rs. 4600 will become Rs. 5428 at the rate of simple interest of
3% per annum./
(a) 3 (b) 5 (c) 6 (d) 4

26. In what time does a sum of money becomes 4 times of itself at simple interest rate of 15% per annum.

(a) 12 yrs (b) 20 yr (c) 15 yrs (d) 16 yrs

27. In what time does a sum of money become 2.6 times of itself at simple interest rate of 16% per annum.

(a) 10 yrs (b) 8 yrs (c) 5yrs (d) 3 yrs

28. In how many years will a sum of Rs. 3,000 yield a simple interest of Rs. 1,080 at 12% per annum ?

1 1
(a) 3 (b) 2 (c) 2 (d) 3
2 2

29. In how many years shall Rs. 2500 invested at the rate of 8% simple interest per annum, amount to Rs.
3300 ?\
1
(a) 6 (b) 4 (c) 5 (d) 4
2

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 1
30. In certain years a sum of money is doubled itself at 6 % simple interest per annum, then the required
4
time will be:
1
6 %
4
2 1
(a) 10 years (b) 8 years (c) 12 years (d) 16 years
3 2

31. Find the number of years in which a certain amount of money will triple itself with simple interest at
25% per annum\
(a) 12 years (b) 15 years (c) 10 years (d) 8 years

32. In how many years will a sum of money doubled itself at 12% per annum ?

(a) 8 years 6 months (b) 6 years 9 months

(c) 8 years 4 months (d) 7 years 6 months

33. In how many year a sum of money at the rate of 10% simple interest per annum will triple itself ?

(a) 10 (b) 15 (c) 18 (d) 20

8 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

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

(a) 15 years (b) 18 years (c) 20 years (d) 30 years

35. At the certain rate of simple interest a sum becomes double in 7 years. In how many years it will become 5
times it self?\
(a) 15 (b) 25 (c) 28 (d) 3

36. A sum of money at the simple interest becomes double in itself in 20 years. In how many years will it
become 4 times itself?\

(a) 40 (b) 50 (c) 60 (d) 80

37. In how many years will be simple interest on a sum of money be equal to the principal at the rate of
2 2
16 % per annum?/ 16 %
3 3
(a) 4 (b) 5 (c) 6 (d) 8

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38. Rs. 5000 amount becomes to Rs.5700 in 1 year at simple interest. What will be Rs.8000 in 3 years.

(a) 11240 (b) 11360 (c) 10000 (d) 14400

39. If Rs. 5,000 becomes Rs. 5,700 in a year's time that will Rs. 7,000 become at the end 5 years at the same
rate of simple interest.

(a) Rs.10,500 (b) Rs.11,900 (c) Rs.17,700 (d) Rs.7,700

40. If Rs. 64 amount to Rs. 83.20 in 2 years. What will Rs. 86 amounts to in 4 years at the same rate percent
per annum of simple interest ?

(a) 136.9 (b) 137.6 (c) 135.5 (d) 138.8

10 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

41. A sum of money becomes 9 times of itself in 11 years at simple interest. In what time it will become 33
times of itself.

(a) 48 yrs (b) 44 yrs (c) 40 yrs (d) 46 yrs

42. A certain sum of money become 8 time of itself in 3 years on SI. In what time it will be 64 times of itself?

(a) 27 yrs (b) 25 yrs (c) 23 yrs (d) 29 yrs

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43. A certain sum of money become double of itself in 6 years on SI. In what time it will be 10 times of itself?

(a) 59 yrs (b) 55 yrs (c) 54 yrs (d) 45 yrs

(Log

LOGIC IN LANGUAGEic in language)

44. A Receives Rs. 50,000 at the age of 10 years from his father. He invested that money in a trust. The trust
give him Rs. 1200 per year and spent Rs. 300 per year to manage that money. How much amount will
the boy receive at age of 18 years if the rate of simple interest is 10% per annum.

(a) 7400 (b) 7500 (c) 78000 (d) 76000

1
45. A money lender found that due to a change in the rate of simple intrest from 13% to 12 % his yearly
2
income reduced by Rs. 104. What is his capital?
1
12 %
2

(a) 17500 (b) 19800 (c) 16500 (d) 20800

12 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

46. A sum of money is lend at 15% per annum for 3.5 years and same sum lends for 5 years at 15% per
annum. If the difference of S.I. from both cases is Rs. 144. Find the sum lend./

(a) 310 (b) 540 (c) 450 (d) 640

47. If the difference between the simple interest on a certain sum of money for 4 years at 2.5% per annum
and the simple interest on the same sum for the same period of time at 3% per annum is Rs. 60, then
find the sum./

(a) 1000 (b) 3000 (c) 4000 (d) 2000

48. A moneylender finds that due to an increase in the rate of interest from 12% to 15%, his yearly income
increases by Rs. 1215. His capital is:/

(a) Rs. 35,000 (b) Rs. 40,000 (c) Rs. 40,500 (d) Rs. 41,500

49. A sum was put at simple interest at a certain rate for 4 years. Had it been put at 3% higher rate it would
have fetched Rs. 1440 more. Find the sum:

(a) Rs. 10,000 (b) Rs. 12,000 (c) Rs. 14,400 (d) Rs. 11,000

50. The difference between the interests received from two different banks on Rs. 500 for 2 years is Rs. 2.50.
The difference between rates is:/

(a) 0.5% (b) 2.5% (c) 0.25% (d) 1%

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51. A sum of Rs. 2600 amount becomes to Rs. 3750 in 4 years at simple interest. If the rate of interest is
increased by 1% it would amount to how much ?/

(a) 3544 (b) 2465 (c) 3854 (d) 3649

52. A sum was put at simple interest at a certain rate for 4 years. Had it been put at 2% higher rate, it would
have fetched Rs. 56 more. Find the sum./

(a) 700 (b) 500 (c) 600 (d) 400

53. Rs. 1,000 becomes Rs. 1,200 in 2 years at a certain rate of simple intest. If the rate of interest is
increased by 4%, what will Rs. 1,000 become in 3 years?/

(a) 1300 (b) 1150 (c) 1400 (d) 1420

14 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

54. X borrowed some money from a source at 8% simple interest and lent it to Y at 12% simple interest on
the same day and gained Rs. 4,800 after 3 years. The amount X borrowed, (in Rs) is:/X
Y
X
(a) 1,20,000 (b) 40,000 (c) 42,000 (d) 60,000

55. Ram borrow a sum of Rs. 6300 from sita at the rate of 14% per annum for 3 years. He added some more
money in it and lent it to Geeta at 16% for 3 years and gets total profit of Rs. 618. Find how much
amount does he added?/

(a) Rs. 1000 (b) Rs. 900 (c) Rs. 500 (d) Rs. 600

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56. A person invests Rs. 12000 as fixed deposit at a bank at the rate of 10% per annum simple invest. But
due to some pressing needs he has to withdraw the intire money after 3 years. For which the bank
allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would had have got at the end
of 5 years, the rate of interest allowed the bank is:

8 7 5 4
(a) 4 % (b) 8 % (c) 4 % (d) 7 %
9 9 9 9

57. A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. The sum
of money (in rupees) is:

(a) 700 (b) 760 (c) 784 (d) 800

16 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

58. A sum of money lent out at simple interest amount to Rs. 720 after 2 years and Rs. 1020 after a further
period of 7 years. Find the principal./

(a) Rs. 620 (b) Rs. 600 (c) Rs. 500 (d) Rs. 650

59. A sum of money amounts to Rs. 8,400 in 2 years and it amounts to Rs. 12,600 in 8 years at the same
rate of simple interest. Rate of interest p.a. is:/

(a) 12% (b) 8% (c) 10% (d) 14%

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60. A certain sum at certain rate percent per annum simple interest becomes Rs. 2100 in two years and Rs.
2250 in 5 years. Find Principal./

(a) 2000 (b) 1800 (c) 1700 (d) 1900

61. If a certain sum of money amounts 10,000 in 5 years and Rs. 10,800 in 7 years at a certain rate of simple
interest. Find rate percent./

(a) 9% (b) 7% (c) 5% (d) 10%

62. If a certain sum of money invested for a certain time. It amounts to Rs. 350 at 5% per annum on S.I, and it
amounts to Rs. 250 at 3% per annum for same time On S.I Find the time?/

(a) 50 yrs (b) 70 yrs (c) 35 yrs (d) 55 yrs

18 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

63. If a certain sum of money invested for a certain time. It amounts to Rs. 660 at 8% per annum on S.I, and
it amounts to Rs. 590 at 7% per annum for same time On S.I Find the time?

(a) 50 yrs (b) 70 yrs (c) 35 yrs (d) 55 yrs

64. A sum of money amounts to Rs. 9440 in 3 years. If the rate of simple interest is increased by 25%, the
amount becomes 9800 in same time. Find the rate of S.I?

(a) 4% (b) 6% (c) 5% (d) 7%

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 8
65. The simple interest on a sum of money is of the sum. If the number of years is numerically half the
25
rate percent per annum, then the rate percent per annum is:
8
25

1
(a) 5 (b) 4 (c) 8 (d) 6
4

1
66. The simple interest on a sum of money is of the sum. If the number of years is numberically equal to
16
the rate percent per annum, then the rate percent per annum is:/
1
16
1 2 1 1
(a) 3 (b) 6 (c) 2 (d) 7
3 3 2 2

16
67. Simple interest on a certain sum is of the sum. Find the time of transaction if rate of interest and
25
time (in years) are numerically equal.
16
25

20 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

 1
(a) 8 years (b) 8 years (c) 7 years (d) 9 years
2

1
68. The simple interest on a sum of money is of the principal and the number of years is equal to rate
9
percent per annum. The per annum is:
1
9
1 1 3
(a) 3% (b) % (c) 3 % (d) %
3 3 10

69. The rate of SI for 1st 3 years is 6%, for next 4 years it is 7% and the period beyond 7 years it is 7.5%
per annum. If a man invest Rs. 18800 for 11 years, find the SI earned by him.

(a) Rs. 17288 (b) Rs. 14288 (c) Rs. 16258 (d) Rs. 15318

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70. The rate of SI on a certain sum of money is 4% per annum for 1st two years, 6% per annum for next 4
years, and 8% per annum for the period beyond 6 years. If the simple interest earned by a sum is Rs.
1120 in a 9 years, find the sum./

(a) Rs. 3000 (b) Rs. 2500 (c) Rs. 2000 (d) Rs. 3500

71. At some rate of simple interest, A lent Rs. 6,000 to B for 2 years and Rs. 1,500 to C for 4 years and
received Rs. 900 as interest from both of them together. The rate of interest per annum was/
A B C

(a) 5% (b) 6% (c) 8% (d) 10%

72. The ratio of Principal and Amount is 4 : 5 in a certain time. It will become 5 : 7 after 3 years. Find the rate
of simple interest?

(a) 3% (b) 4% (c) 5% (d) 6%

22 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

73. If S.I is added to the sum after 10 years, Then in how much time Rs. 1000 will become Rs. 2000 at 5% per
annum.

2 2 2
(a) 15 yrs (b) 16 yrs (c) 10 yrs (d) 6 yrs
3 3 3

74. If simple interest is added to the sum after 5 years. Then in how much time it will take Rs. 1500 to
amount to Rs. 2500 at 10% per annum.

1 5 1 1
(a) 6 yrs (b) 7 yrs (c) 5 yrs (d) 4 yrs
9 9 9 3

75. The simple interest for four years is one fourth of the principal. The sum that will amount to Rs. 450 in
two years at the same rate is :

(a) Rs. 400 (b) Rs. 425 (c) Rs. 500 (d) Rs. 525

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76. A man invests half his capital at the rate of 10% per annum, one-third at 9% and the rest at 12% per
annum. The average rate of interest per annum, which he gets is:

(a) 9% (b) 10% (c) 10.5% (d) 12%

- 06
77. A sum of Rs. 5000 is lent out in two parts in such a way that the first part at 4% per annum and
second part at 5% per annum. If the total simple interest received after two years is Rs. 440. Find the
sum lent at 5%?

(a) 2000 (b) 3000 (c) 1000 (d) 4000

24 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

78. A sum of Rs. 6000 is lent out in two part in such a way that the first part at 5% and second at 7% per
annum. If the total simple interest received after 3 years is Rs. 1050, find the sum lent out at 7%.?

(a) 2500 (b) 3500 (c) 2000 (d) 2400

79. A man borrowed a total amount of Rs. 30,000. A part of it on SI at 12% per annum & remaining on SI at
10% per annum. If at the end of 2nd years, he paid in all Rs. 36,480 to settle the loan amount what was
the amount borrowed at 12% per annum.

(a) 13500 (b) 15700 (c) 11500 (d) 12000

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 4
80. Prakash lends a part of Rs. 20,000 at 8% simple interest and remaining at simple interest. His total
3
income after a year was Rs. 800. Find the sum lent at 8%.
4
3

(a) Rs. 8000 (b) Rs. 9,000 (c) Rs. 6,000 (d) Rs. 10,000

81. A took two loans altogether of Rs. 1200 from B and C, B claimed 14% simple interest per annum, while
C claimed 15% per annum. The total interest paid by A in one year was Rs. 172. Then, A borrowed./A
B C B C
A A
(a) Rs. 800 from C (b) Rs. 625 from C (c) Rs. 400 from B (d) Rs. 800 from B

Typ

Formula:

26 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

 e

82. A sum of Rs. 13000 is lent out in 3 parts in such a way that Ist Part at 5% for 6 years, IInd at 4% for 5 years
and IIIrd part at 10% for 4 years. If the SI Received from each part is equal then find 2nd part that lent.

(a) 5000 (b) 6000 (c) 4000 (d) 7000

83. Rs. 26,000 is invested in two parts in such a way that the SI from 1st part at 10% per annum for 5 years
is equal the simple interest on 2nd part at 9% per annum for 6 years. Find second part of the sum?

(a) 11500 (b) 13500 (c) 10500 (d) 12500

RAKESH YADAV READERS PUBLICATIONS PVT. LTD 27

84. Rs. 12,600 is invested in 3 parts in such a way that SI on 1st part at 2% per annum for 3 years is equal
to SI on 2nd part at 3% per annum for 4 years is equal to SI on 3rd part at 4% per annum for 5 years are
equal. Find the SI on each part.

(a) Rs. 420 (b) Rs. 340 (c) Rs. 515 (d) Rs. 630

85. A person invest money in 3 difference scheme for 6 years, 10 years, 12 years at 10%, 12% and 15% SI
respectively. At the completion of each scheme he gets the same simple interest, find the ratio of his
investment./

(a) 6:3:2 (b) 7:4:5 (c) 5:7:3 (d) 2:4:3

86. P & Q borrowed Rs. 40000 and 60000 from R at different rate of interest. If the Interest given by P after 4
years and interest given by Q after 3 years is same, and Interest of P & Q in 1 year is Rs. 8400. Find at what
Rate of simple interest Q borrowed the money form R.
P Q P Q
P Q Q
(a) 4% (b) 6% (c) 5% (d) 8%

28 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

87. If the simple interest on Rs. x at a rate of a% for 'm' years is same as that on Rs. y at a rate of a² % for m²
years, then x : y is equal to:
x a% m y a2 % m2 x:y
1 1 1
(a) m:a (b) am : 1 (c) : (d) :1
m a am

88. In 't' time will Rs. 8,000 at 3% per annum, produce te same interest at Rs. 6,000 does in 5 years at 4%
simple interest, then what is the value of 't' ?
't'
't'
(a) 3 years (b) 4 years (c) 5 years (d) 6 years

Formula: (When amount is equal)

If amount is same then

1 1 1
p1 : p2 : p3 = : :
(100 + r1 t1 ) (100 + r2 t 2 ) (100 + r3 t 3 )

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89. A sum of Rs. 24000 is divided in three parts in such a way that Ist part at 10% for 5 Years on SI, IInd
part at 4% for 5 years on SI, and IIIrd part at 5% for 20 years on SI. If the Amount Received from all three
parts are equal. Find the 3rd part of the sum./

(a) 7000 (b) 6000 (c) 13000 (d) 9000

90. Rs. 18,750 is invested by a man in the bank account of his two sons whose ages are 12 years and 14
years in such a way that they will get equal amount at an age of 18 years at 5% per annum on SI. Find
the share of younger child./

(a) Rs. 8500 (b) Rs. 9000 (c) Rs. 9500 (d) Rs. 7500

91. A Father decided to divide Rs. 120000 between his two sons. In such a way that they both receive same
amount after the age of 18 years. Current age of his sons is 12 and 14 years. If the rate of simple interest
is 5% find the share of elder sons.

(a) 65000 (b) 62400 (c) 62300 (d) 68200

30 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

92. A man lent out two equal sums in two parts at the rate of 8% and 7% per annum on SI. If the former is
recovered 6 months earlier than the later, & he received equal amount of Rs. 2560 each from both the
parts. Find the principal./

(a) Rs. 3500 (b) Rs. 2000 (c) Rs. 4000 (d) Rs. 5000

93. A man invsets an amount of Rs. 15,860 in the names of his three sons A, B and C is such a way that they
get the same amount after 2, 3 and 4 years respectively. If the rate of simple interest is 5%, then the ratio
of amounts invested in the name of A, B and C is:/ A B C
A B C

(a) 276 : 264 : 253 (b) 270 : 260 : 258 (c) 300 : 264 : 253 (d) 284 : 269 : 258

RAKESH YADAV READERS PUBLICATIONS PVT. LTD 31

94. A sum of Rs. 7930 is divided into 3 parts and given on loan at 5% simple interest to A, B and C for 2, 3
and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then
the A received a loan of:
A B C
A
(a) Rs. 2800 (b) Rs. 3,250 (c) Rs. 2,760 (d) Rs. 2,750

MONTHLY RATE IS ASKED

95. A mobile is sold for Rs. 4400 cash or for Rs. 2000 cash down payment together with Rs. 2440 to be after
one month. Find the rate of interest charged in the installment scheme./

(a) 20% (b) 30% (c) 33% (d) 40%

96. A bicycle can be purchased on the payment of Rs. 1500. But the same cycle can also be purchased on the
cash down payment of Rs. 350 and rest can be paid in three equal monthly installment of Rs. 400 for next
three months. Find the rate of simple interest?/

3 5 3 2
(a) 23 % (b) 20 % (c) 25 % (d) 26 %
2 2 2 3

32 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

97. The cash price of a pen is Rs. 60 but it can also be purchased on a cash down payment of Rs. 20 and 6
monthly equal installment at the rate of Rs. 8 per month. Find the rate of percent.

(a) 70% (b) 80% (c) 75% (d) 85%

98. The cash price of a pen is Rs. 10. But it can also be purchased on 11 monthly equal installment of Rs. 1
cash. Find the rate of simple interest ?/

9 5 7 6
(a) 21 % (b) 22 % (c) 26 % (d) 22 %
11 11 12 15

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99. The marked price of refrigerator is Rs. 10000. It is available on a cash down payment of Rs. 2000 & 9
monthly installment of Rs. 1000 each. Find the rate of SI.
SI

1 1 1 2
(a) 33 % (b) 35 % (c) 30 % (d) 66 %
3 3 3 3

100. Rs. 1710 is to be paid in 10 monthly installment. Find rate of interest if each installment is of Rs. 190.

1 5 2 2
(a) 26 % (b) 26 % (c) 30 % (d) 26 %
3 2 3 3

34 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

101. If the price of an article is Rs. 9000, if this article is purchaed on the cash down payment of Rs. 2200 and
rest can be paid in five equal monthly installment of Rs. 1400 for next five months. Find the rate of simple
interest annually./

(a) 10% (b) 11% (c) 12% (d) 13%

YEARLY RATE IS ASKED

102. A man borrowed a sum of Rs. 7000 from bank at SI after 3 years he paid Rs. 3000 to the bank and at the
end of 5 years he paid Rs. 5450 and clear all his dues. Find the rate percent?/

(a) 7% (b) 5% (c) 3% (d) 9%

103. A man borrowed a sum of Rs. 6000 from bank at SI. After 4 years he paid Rs. 2500 and at the end of 5th
year he paid Rs. 4550 and clear all h is dues. Find the rate of simple interest?/

5 7 7 9
(a) 4 % (b) 5 % (c) 6 % (d) 3 %
12 11 12 11

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 or

104. Giri borrowed Rs. 16000 from SBI at simple rate of interest. After 3 years he paid Rs. 7000 and at the
end of 7 years he paid Rs. 12570 to repay the loan. What is the rate of interest charged by the bank?
SBI

(a) 4.2% (b) 5% (c) 3.75% (d) 4.5%

105. Ankit borrowed Rs. 15000 from bank returned Rs. 6500 after 6 years. After 10 years from starting he
returned Rs. 13460 and settle his account. What was the rate of interest?

(a) 4% (b) 3% (c) 4.5% (d) 5%

36 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

106. A man borrowed a sum of Rs. 10000 from bank at S.I. after 2 years he paid Rs. 3000 and at the end of
5th year he paid Rs. 2500 at the end of 7th year, he paid Rs. 6720 and clear all his dues. Find the rate
of simple interest per annum./

11 5 1
(a) 4 % (b) 4 % (c) 5% (d) 3 %
25 9 3

107. A person borrows Rs.1,00,000 from a bank at 10% per annum simple interest and clears the debt in five
years. If the instalment paid at the end of the first, second, third and fourth years to clear the debt are
Rs.10,000, Rs.20,000, Rs.30,000 and Rs.40,000, respectively, what amount should be paid at the end of
the fifth year to clear the debt?/

(a) Rs. 30,000 (b) Rs. 39,490 (c) Rs. 40,450 (d) Rs. 36,450

STALLMENT

RAKESH YADAV READERS PUBLICATIONS PVT. LTD 37

 WHEN INSTALLMENT IS ASKED
108. A man deposit a certain amount in the bank at the end of each year at the rate of 10% per annum on SI
for 5 year so that he received Rs. 4200 at the end of 5th year. Find how much amount does he deposit
at the end of each year?

(a) 700 (b) 600 (c) 500 (d) 400

38 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

109. What annual payment will discharge a due debit of 4200 Rs. After 5 years 10% rate of S.I.

(a) 300 (b) 700 (c) 500 (d) 600

Formula:

RAKESH YADAV READERS PUBLICATIONS PVT. LTD 39

 Or

110. Rs. 12800 is payable after 3 years. If it is to be paid in 3 installment each year. First installment is half of the
second & one-third of the third installment. If rate of interest is 10% per annum. Find third installment?

(a) Rs. 2000 (b) Rs. 4000 (c) Rs. 5000 (d) Rs. 6000

111. Rs. 2550 is payable after 3 years. If it is to be paid in 3 installments each year. First installment is
1/3 of the second & 1/4 of the third in-stallment. Find the sum of all installment if rate of interest
is 10% per annum./

(a) 2400 (b) 2450 (c) 2500 (d) 2350

40 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

112. What annual payment will discharge a due debit of 3600 Rs. After 5 years 10% rate of S.I.

(a) 300 (b) 700 (c) 500 (d) 600

113. What annual payment will discharge a due debt of Rs. 944 in 4 annual installment at the rate of 12% par
annum on SI./

(a) Rs. 350 (b) Rs. 540 (c) Rs. 450 (d) Rs. 200

114. What annual installment will discharge a debt of Rs. 2210 due in 4 years at 7% SI?

(a) Rs. 500 (b) Rs. 700 (c) Rs. 400 (d) Rs. 600

115. What annual installment will discharge a debt of Rs. 10750 due in 4 years at the rate of 5% simple
interest./
(a) Rs. 2000 (b) Rs. 2800 (c) Rs. 2500 (d) Rs. 2400

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116. What equal installment of annual payment will dis-charge a debt which is due as Rs. 848 at the end of
4 years at 4% per annum simple interest?/

(a) 212 (b) 200 (c) 250 (d) 225

117. Rs. 32400 is payable after 6 years. If he wants to pay in 6 equal installments. Find each installment if rate
of interest is 8% per annum./

(a) Rs. 3500 (b) Rs. 4000 (c) Rs. 4500 (d) Rs. 4800

Type 0

WHEN INSTALLMENT IS ASKED AFTER FINDING DUE DEBT

118. A person borrowed Rs. 2,000 at 5% annual simple interest repayable in 3 equal annual installments.
What will be the annual installment?

10 9 11 10
(a) Rs. 730 (b) Rs. 840 (c) Rs. 640 (d) Rs. 250
63 61 63 63

42 RAKESH YADAV READERS PUBLICATIONS PVT. LTD

119. A digital note-pad is available for Rs. 25,000 cash or Rs. 2,500 down payment followed by 4 equal monthly
instalments. If the rate of interest charged is 24% per annum simple interest, what is the monthly instal-
ment (in Rs. , rounded off to the nearest tens)?

(a) Rs. 5,800 (b) Rs. 5,790 (c) Rs. 5,890 (d) Rs. 5,900

120. A has taken 10% simple interest rate for 1840 rupees for 4 years, then what will be the installment of
each year?/A
(a) Rs. 400 (b) Rs. 300 (c) Rs. 560 (d) Rs. 600

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