Simple Interest Questions and Answers - Arithmetic :: 2 :: part2

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Simple Interest QUESTIONS AND ANSWERS :: Arithmetic : part2 : 6 to 10

Following Simple Interest multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :

6.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:

0.5%

2.5%

0.25%

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

Rs. 166.40

Rs. 65.60

Rs. 100

Rs. 120

8.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:

Rs. 600

Rs. 1200

Rs. 800

Rs. 480

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

10%

12%

More Simple Interest QUESTIONS AND ANSWERS available in next pages

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Arithmetic Questions And Answers :: Simple Interest: part2