Mathematical Question-Answers for Competitive Exams
Simple interest
Q.1. A sum of Rs. 25000 amounts to Rs. 31000 in 4 years at the rate of simple interest what is the rate of interest?
(a) 3%
(b) 4%
(c) 5 %
(d) 6 %
(e) None of these
Answer
Q.2. Kamla took a loan of Rs. 2400 with simple interest for as many years as the rate of interest. If she paid Rs. 864 as interest at the end of the loan period, what was the rate of interest?
(a) 3.6
(b) 6
(c) 18
(d) cannot determined
(e) None of these
Q.3. What is the present worth of Rs. 264 dues in 4 years at 10% simple interest per annum?
(a) 170.20
(b) 166
(c) 188.57
(d) 175.28
Q.4. A sum fetched a total simple interest of Rs. 8016.25 at the rate of 6 p.c.p.a in 5 years what is the sum?
(a) 24720.83
(b) 26730.33
(c) 26720.83
(d) 26710.63
(e) None of these
Q.5. 8. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs 800 become in 3 years?
(a) 1020.80
(b) 1025
(c) 1052
(d) Data inadequate
(e) None of these
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