Simple Interest - Questions and Answers
Practice questions on Simple Interest.
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21. If the amount of Rs. 360 in 3 years is Rs. 511.20, what will be the amount of Rs. 700 in 5 years?
Explanation: ANSWER : Rs. 1190
22. Simple interest on a certain sum at a certain rate is of the sum. It the number representing rate per cent and time in years be equal, then the time is:
Explanation: ANSWER : 7 years
23. A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is:
Explanation: ANSWER : Rs. 1350
24. A man lends Rs. 10000 in four parts. If be gets 8% on Rs. 2000 7 on Rs. 4000 and 8 on Rs. 1400 what per cent must he get for the remainder, if the average interest is 8.13%?
Explanation: ANSWER : 9%
25. The difference between the interests received from two different banks on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rates is:
Explanation: ANSWER : 0.25%