Exercise :: Simple Interest - General Questions
| 11. | 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: | ||||||||||||
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Answer: Option C Explanation:
S.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205.
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| 12. | 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? | |||||||||||||||||||||||||||
Answer: Option C Explanation:
Let the principal be P and rate of interest be R%.
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Exercise :: Simple Interest - General Questions
| 6. | A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? | |||||||||
Answer: Option D Explanation: |
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| 7. | An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes: | |||||||||||||||||||
Answer: Option B Explanation:
Let the sum be Rs. 100. Then,
So, amount at the end of 1 year = Rs. (100 + 5 + 5.25) = Rs. 110.25 |
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