Simple Interest - Questions and Answers
Practice questions on Simple Interest.
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11. A sum of money amounts to Rs. 702 in 2 years and Rs. 783 in 3 years. The rate per cent is:
Explanation: ANSWER : 15% per annum
12. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 1% higher rate. It would have fetched Rs. 24 more. The sum is:
Explanation: ANSWER : Rs. 1200
13. A sum of money at simple interest amounts to Rs. 2240 in 2 years and Rs. 2600 in 5 years. The sum is:
Explanation: ANSWER : Rs. 2000
14. A money leader finds that due to a fall in the rate of interest from 13% to 12 % his yearly income diminishes by Rs. 104. His capital is:
Explanation: ANSWER : Rs. 20800
15. If Rs. 64 amount to Rs. 83.20 in 2 year, what will Rs. 86 amount to in 4 years at the same rate per cent per annum?
Explanation: ANSWER : Rs. 137.60