Simple Interest - Questions & Answers | Exam2Win

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26. What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8% per annum?

A. Rs. 166.40

B. Rs. 65.60

C. Rs. 100

D. Rs. 120

Explanation: ANSWER : Rs. 100

27. The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:

A. Rs. 4800

B. Rs. 6000

C. Rs. 8000

D. date inadequate

Explanation: ANSWER : Rs. 8000

28. A sum of money becomes (875) of itself in 5 years at a certain rate of interest. The rate per cent per annum is:

A. 5%

B. 8%

C. 10%

D. 12%

Explanation: ANSWER : 12%

29. A sum of money will double itself in 16 years at simple interest with yearly rate of:

A. 10%

B. 6 %

C. 8%

D. 16%

Explanation: ANSWER : 6 %

30. A certain sum of money at simple interest amounts to Rs. 1012 in 2 years. The rate of interest per annum is:

A. 2.5%

B. 3%

C. 4%

D. 5%

Explanation: ANSWER : 4%