- A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352, the sum lent at 8% was?
a. Rs. 2000
b. Rs. 2200
c. Rs. 2400
d. Rs. 2600
Answer: c. Rs. 2400 Solution: Let the amount lent at 8% will be x Amount lent at 10% will be (4000-x) According to the question:
- Ratio of the principal and theamount after 1 year is 10:13. Then the rate of interest per annum is ?
a. 5%
b. 10%
c. 15%
d. 30%
Answer: d. 30% Solution: The difference of percentage between 10 and 13 is 30%
- B deposited ₹700 in a bank that promised 7% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest?
a. Rs. 215
b. Rs. 225
c. Rs. 235
d. Rs. 245
Answer: d. Rs. 245 Solution:
- The interest on ₹ 1250 for 6 years at the rate of 4% simple interest per annum will be?
a. Rs. 200
b. Rs. 250
c. Rs. 300
d. Rs. 350
Answer: c. Rs. 300 Solution:
- An amount double itself in 5 years. In what time it will become 10 times of itself at the same rate?
a. 35 years
b. 45 years
c. 55 years
d. 65 years
Answer: b. 45 years Solution: Let the Principal amount be p After the interest the principal amount will become 2p Simple interest= 2p-p = p According the question: r= 20; At become 10 times the simple interest will be 10p-p = 9p t= 45