SIMPLE INTEREST
1. What sum will amount to Rs. 7000 in 5 years at 3 simple interest?
(a)Rs 6300 (b)Rs 6500 (c)Rs 6000 (d)Rs 5000
2. Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are
numerically equal.
(a)Rate = 7% and Time = 7 years.
(b)Rate = 8% and Time = 8 years.
(c)Rate = 6% and Time = 6 years.
(d)Rate = 5% and Time = 5 years
3. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is
the sum?
(a)Rs. 4462.50 (b)Rs. 8032.50 (c)Rs. 8900 (d)Rs. 8925
4. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The
sum is :
(a) Rs. 700 (b) Rs. 690 (c) Rs. 650 (d) Rs. 698
5. A certain sum of money will be doubled in 15 years at the rate of simple interest percent per
annum of:
(a) 25 (b) (c) 6 (d)
6. The simple interest on a sum money is of the principal, and the number of years is equal to the
rate per annum. Find the rate per cent.
(a) (b) (c) (d)
7. A sum of money doubles itself in 10 years at simple interest. What is the rate of interest ?
(a) 20% (b) 15% (c) 10% (d) 30%
8. A sum of money doubles itself in 7 yrs. In how many years will it become fourfold?
(a) 20 years (b) 19 years (c) 15 years (d) 21 years
9. Rs.4000 is divided into two parts such that if one part be invested at 3% and the other at 5%, the
annual interest from both investments is Rs.144. Find the sum invested in 5% part.
(a) 1200 (b) 1000 (c) 2800 (d) 2000
10. A man had Rs.16,000, part of which he lent at 4% and the rest at 5% per annum simple interest.
If the total interest received was Rs.700 in one year, the money lent at 4% per annum was
(a) Rs.12,000 (b) Rs.8,000 (c) Rs.10,000 (d) Rs. 6,000
11. What sum of money must be given as simple interest for six months at 4% per annum in order to
earn 150 interest?
(a) 5000 (b) 7500 (c) 10000 (d) 15000
12. A lent Rs.5000 to B for 2 years and Rs.3000 to C for 4 years on simple interest at the same rate of
interest and received Rs.2200 in all from both as interest. The rate of interest per annum is
(a) 7% (b)5% (c) (d) 10%
13. A lends Rs.2500 to B and a certain sum to C at the same time at 7% annual simple interest. If
after 4
years, A altogether receives Rs.1120 as interest from B and C, the sum lent to C is
(a) Rs.700 (b)6500 (c) Rs. 4000 (d) Rs. 1500
14. What sum will amount to Rs.7000 in 5 years at simple interest ?
1
SIMPLE INTEREST
(a) 6300 (b)6500 (c) 6000 (d) 5000
15. A sum of money at simple interest amounts to Rs.1,012 in years and to Rs.1,067.20 in 4
years. The rate of interest per annum is :
(a) 2.5% (b) 3% (c) 4% (d) 5%
16. The simple interest on Rs.7,300 from 11 May, 1987 to 10 September, 1987 (both days included)
at 5% per annum is
(a) Rs.123 (b) Rs.103 (c) Rs.200 (d) Rs.223
17. A sum of money amounts to Rs.5,200 in 5 years and to Rs.5,680 in 7 years at simple interest. The
rate of interest per annum is
(a) 3% (b) 4% (c) 5% (d) 6%
18. A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount to if the rate of interest is
increased by 2%?
(a) Rs. 484 (b) Rs.560 (c) Rs.512 (d) None of these
19. A sum of money was lent at simple interest at a certain rate for 3 years. Had it been lent at 2.5%
per annum higher rate, it would have fetched Rs. 540 more. The money lent was :
(a) Rs. 6400 (b) Rs. 6472 (c) Rs. 6840 (d) Rs. 7200
20. A sum of Rs. 2,400 amounts to Rs. 3,264 in 4 years at a certain rate of simple interest. If the rate
of
interest is increased by 1%, the same sum in the same time would amount to
(a) Rs. 3,288 (b) Rs. 3,312 (c) Rs. 3,340 (d) Rs. 3,360
21. A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased
by 3% p.a., what will be the sum amount to in the same period ?
(a) Rs. 992 (b) Rs. 962 (c) Rs. 942 (d) Rs. 982
22. An amount of Rs 100000 is invested in two types of shares. The first yields an interest of 9% per
annum and the second yields 11% per annum. If the total interest at the end of 1 yr is ,
then the amount invested in each share was
(a)Rs 72500, Rs 27500 (b)Rs 62500, Rs 37500
(c)Rs 52500, Rs 47500 (d)Rs 82500, Rs 17500
23. Rs.500 was invested at 12% per annum simple interest and a certain sum of money invested at
10% per annum simple interest. If the sum of the interests on both the sums after 4 years is
Rs.480, the later sum of money is
(a) Rs.450 (b) Rs.750 (c) Rs.600 (d) Rs.550
24. Find the simple interest on Rs.306.25 from March 3rd to July 27th at per annum.
(a) Rs.4.59 (b) Rs.3.29 (c) Rs.4.50 (d) Rs.4.51
25. A sum of Rs.468.75 was lent out at simple interest and the end of 1 years 8 months the total
amount was Rs.500. find the rate of interest per cent per annum.
(a) 4 (b) 5 (c) 3 (d) 2
26. A person invested a total sum of Rs.7900 in three different schemes of simple interest at 3%,5%
and 8% per annum. At the end of one year he got same interest in all three schemes. What is the
money (in Rs) invested at 3% ?
(a) 2900 (b) 3500 (c) 4000 (d) 5600
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SIMPLE INTEREST
27. At the rate of 12.5% per annum, the simple interest on a sum is 5/4 of the principal. What is the
time period (in years)?
(a) 12.5 (b) 8 (c) 10 (d) 15
28. An amount of Rs. 6000 is invested at simple interest at the rate of 4% p.a. It yields Rs. 2400 as
interest after a certain number of years. In order to earn Rs. 4800 as interest on an amount of
Rs. 10,000 in the same number of years, what should be the rate of simple interest?
(a) 6% (b) 7.2% (c) 4.8% (d) 5%
29. Simple interest on a sum of money for 5 years is times the principal, the rat for simple interest
is
(a) 13% (b) (c) (d) 8%
30. A sum becomes Rs. 10000 in 10 years on simple interest at the rate of 10% per annum. What is
the total interest (in Rs.) of the 10 years?
(a) 4000 (b) 5000 (c) 2500 (d) 4500
31. At a certain rate of simple interest, a certain sum of money becomes twice of itself in 5 year. It
will become triple of itself in
(a)15 year (b)25 year (c)10 year (d)30 year
32. Rs.600 becomes Rs.720 in 4 years when the interest is simple. If the rate of interest is increased
by 2%, then what will be total amount?
(a) Rs.642 (b) Rs.724 (c) Rs.725 (d) Rs.768
33. What sum of money must be given at simple interest for six months at 4% per annum in order to
earn Rs. 150 interest?
(a) Rs. 5000 (b) Rs. 7500 (c) Rs. 10000 (d) Rs. 15000
34. Simple interest for three years for a certain sum at the rate of 15% is ₹ 9000. If the rate of
interest becomes 30%, then what will be the simple interest for two years?
(a) ₹27000 (b) ₹4500 (c) ₹12000 (d) ₹9000
35. A certain sum becomes 5 times in 3 years, at simple interest, then in how many years it will
become 13 times?
(a)6 (b)13 (c)9 (d)12
36. Hari and Mohit deposited Rs.13500 and Rs.15200 respectively in two different banks offering
simple interest as 8% and 7.5% per annum respectively. Find the difference in the interest
received by them in 2 years.
(a) Rs.120 (b) Rs.180 (c) Rs.210 (d) Rs.160
37. If a sum of money deposited in a bank at simple interest is doubled in 6 years, then after 12
years, the amount will be
(a)5/2 times the original amount (b)3 times the original amount
(c) 7/2 times the original amount (d)4 times the original amount
38. Rs.500 was invested at 12% per annum simple interest and a certain sum of money at 10% per
annum simple interest. If the sum of the interests on both the sums after 4 yr is Rs. 480, the
latter sum of money is
(a) Rs. 450 (b) Rs. 750 (c) Rs. 600 (d) Rs. 550
39. Sam lends a sum of Rs. 12,500 to Karan and takes Rs. 20500 after 4 years at the rate of a simple
interest. What was the rate of interest?
(a) 16% (b) 20% (c) 15% (d) 10%
40. A borrowed a loan from B at 8% simple interest for 2 years and repaid the loan with interest
totaling Rs. 1,91,864. The amount of loan taken by A is∶
(a) Rs. 1,68,920 (b) Rs. 1,66,540 (c) Rs. 1,64,492 (d) Rs. 1,65,400
41. A sum of money was lent at simple interest at 11% per annum for years and years
respectively. If the difference in interest for two periods was Rs.412.50, then find the sum?
(a) Rs.3570 (b) Rs.7530 (c) Rs.5730 (d) Rs.3750
3
SIMPLE INTEREST
42. A sum of money at simple interest amounts to Rs.1,012 in years and to Rs.1,067.20 in 4
years. The rate of interest per annum is
(a) 2.5% (b) 3% (c) 4% (d) 5%
43. 4000 was divided into two parts such a way that when first part was invested at 3% and the
second at 5%, the whole annual interest from both the investments is Rs.144, how much was put
at 3%?
(a) Rs.2500 (b) Rs.2700 (c) Rs.2800 (d) Rs.5000
44. The simple interest on a certain sum of money for 2 yr at 12% per annum is Rs 20 less than the
simple interest on the same sum for 3 yr at 10% per annum. Find the sum.
(a)Rs 800 (b)Rs 750 (c)Rs 625 (d)Rs 400
45. Ravi invested Rs. P in a scheme A offering simple interest at 10% p.a. for two years. He invested
the whole amount he received from scheme A, in another scheme B offering simple interest at
12% p.a. for five years. If the difference between the interests earned from schemes A and B was
Rs. 1300, what is the value of P?
(a)2500 (b)2000 (c)3000 (d)2900
46. The simple interest on a certain sum for 8 months at 4% per annum is Rs.129 less than the
simple interest on the same sum for 15 months at 5% per annum. What is the sum?
(a) Rs.2580 (b) Rs.2400 (c) Rs.2529 (d) Rs.3600
47. A lent Rs.600 to B for 2 years; and Rs.150 to C for 4 years and received altogether from both
Rs.90 as interest. Find the rate of interest, simple interest being calculated.
(a) 4% (b) 5% (c) 3% (d) 6%
48. A sum of Rs. 2,400 amounts to Rs. 3,264 in 4 years at a certain rate of simple interest. If the rate
of
interest is increased by 1%, the same sum in the same time would amount to
(a) Rs. 3,288 (b) Rs. 3,312 (c) Rs. 3,340 (d) Rs. 3,360
49. A man invests half his capital at the rate of 10% per annum, one third at 9% and the rest at 12%
per annum. The average rate of interest per annum, which he gets, is
(a)9% (b)10% (c) 10.5% (d)12%
50. A sum of Rs.7700 is to be divided among the brothers Vikas, Vijay and Viraj in such a way that
simple interest on each part at 5% per annum after 1, 2 and 3 years respectively remains equal.
The share of Vikas is more than that of Viraj by:
(a) Rs. 2800 (b) Rs. 2500 (c) Rs. 3000 (d) None of these
EXPLANATION:
1. c;
Amount = Rs.7000
Total interest in 5 years
= %=
Principal =
Amount = (6 + 1) = 7000
Hence required principal= Rs.6000
2. b
Let sum = X. Then S.I = 16x/25
Let rate = R% and Time = R years.
Therefore, (x R R)/100 = 16x/25 => R = 40/5 = 8
4
SIMPLE INTEREST
Therefore, Rate = 8% and Time = 8 years.
3. d;
100 x 4016.25
= Rs.
Principal 9x5
401625
= Rs.
45
= Rs. 8925
4. d;
Simple Interest (SI) for 1 year = 854-815 = 39
Simple Interest (SI) for 3 years = 39 × 3 = 117
Principal = 815 - 117 = Rs.698
5. d;
Principal = Rs.x = Interest
Rate =
= =
= % per annum
6. a;
Let Principal = P, time = t years, rate = t
Then
7. c;
Let the sum be Rs.100.
After 10 years it becomes Rs.200.
Interest = 200 -100 =100
Then rate =
8. d;
Rate =
9. a;
Let the amount lent at 3% rate be Rs.x, then
3% of x + 5% of (4000-x) = 144
Or, 3x +5 4000-5x =14400
Or, 2x = 5600 x=2800
Thus, the two amounts are Rs.2800 and Rs.(4000-2800) or Rs.1200.
5
SIMPLE INTEREST
10. c;
Let the sum lent at 4% = Rs.x
Amount at 5%= (16000 – x )
According to the question,
11. b;
12. d;
Let the rate of interest per annum be r%
According to the question,
13. d;
Let the sum lent to C be x
According to the question,
or 2500 × 28 + 28x = 112000
or 2500 + x = 4000
or x = 4000 – 2500 = 1500
14. c;
15. c;
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SIMPLE INTEREST
16. a;
Time from 11 May to 10 September,1987
= 21 + 30 + 31 + 31 + 10
= 123 days
Time = 123 days =
17. d;
18. c;
Interest = Rs.(480-400) = Rs.80
Now, r = 7% (2% increase)
Amount = Rs.(400 +112) = Rs.512
19. d;
If the sum lent be Rs.x, then
20. d;
S.I. = 3264 – 2400 = Rs.864
Rate =S.I. × 100/Principal × Time
7
SIMPLE INTEREST
New rate = 10% per annum
Amount = 2400 + 960 = Rs.3360
21. a;
Case I,
S.I. = 920 – 800 = Rs.120
Rate =
per annum
Case II,
Rate = 8% per annum
Amount = Principal + S.I.
= (800 + 192) = Rs.992
22. b;
23. c;
24. a;
Interest =
25. a;
Here P =
8
SIMPLE INTEREST
26. c;
Let amount invested in each scheme be x, y and z
3% of x =5% of y = 8% of z= k
Money invited at 3%
27. c;
Let the sum be 4x
As per the question, the simple interest on a sum is of the principal.
Simple interest = 5x
Given, r = 12.5%
We know,
⇒ SI =
⇒ 5x =
∴ Time = 10 years
28. c;
GIVEN:
When, Principal = Rs. 6000
Rate = 4%
Then, Simple interest = Rs. 2400
New interest to be earned = Rs. 4800
New Principal = Rs. 10000
Time = Same as above
FORMULA USED:
S.I =
CALCULATION:
2400 =
T=
T = 10 years
Similarly,
4800 =
R=
R = 4.8% per annum
29. d;
Let P = principal, R = rate of interest and N = time period
9
SIMPLE INTEREST
Simple interest = PNR/100
Given,
N = 5 years
Then,
⇒ ×P=
⇒R=
∴R=8 %
30. b;
Let principal be Rs. P
⇒ Amount = Principal + Simple interest
Simple interest = (principal × time × rate)/100 = (P × 10 × 10)/100 = P
⇒ 10000 = P + P
⇒ P = 5000
∴ Total interest is Rs. 5000
31. c;
The interest for the sum to become triple would be twice the principal amount.
The sum becomes twice in 5 Years. Or the interest is equal to the principal amount after 5 Years.
And we know,
S. I. = Principal Amount × Rate × Time / 100
P = P × R × 5 / 100
R = 20.
To make amount 3 times, Interest should be 2 times of principal amount
2P = P × 20 × Time / 100
∴ interest will be double after = 10 Years.
Time = 10
32. d;
R=
Now, from the second part of the question
R=
S.I. = Rs.168
Amount = P + S.I. = 600 + 168 = Rs.768
33. b;
Let the sum of money be Rs. P.
Given, Simple interest = Rs. 150, Time period, T = ½ year and Rate of interest, R = 4%
We know that, Simple interest = P × R × T
34. c;
Given:
S.I for 3 years (at R = 15 %) = 9000
Formula used:
S.I = (P × N × R)/100
10
SIMPLE INTEREST
Calculation:
⇒ 9000 = (P × 3 × 15)/100
S.I for 3 years (at R = 15 %) = 9000
⇒ P = (9000 × 100)/(3 × 15)
⇒ P = 20000
⇒ S.I = (20000 × 2 × 30)/100
Now, simple interest for two years (at R = 30%)
⇒ S.I = 12000
∴ Simple interest for two years (at R = 30%) = ₹12000
35. c;
Let, amount = P and rate = r%
In first case,
Time = 3 years
Amount = 5P
⇒ (P × r × 3)/100 = 5P – P
According to problem,
⇒ 3Pr/100 = 4P
⇒ r = 400/3
In second case,
Rate = (400/3) %
Let, time = n years
Amount = 13P
⇒ [P × (400/3) × n]/100 = 13P – P
According to problem,
⇒ 4Pn/3 = 12P
⇒ 4n/3 = 12
⇒ n = 12 × ¾
⇒n=9
∴In 9 years it will become 13 times.
36. a;
SI for Hari = 13500 × 8 × 2/100= Rs.2160
SI for Mohit = 1500 × 7.5 ×2/100= Rs.2280
Difference = 2280 -2160 = Rs.120
37. b;
Let the amount invested was P. Given that, in 6 years, amount was doubled. Therefore, after 6
years, SI = P
So, rate =
With this rate, after 12 years, amount = P +
∴ The amount will be 3 times the original amount.
38. c;
At Rs.500 Simple Interest=(500 × 12 × 4)/100 = 240
At Rs. x Simple interest = (x × 10 × 4)/100 = 0.4x
According to given 240+0.4x=480
0.4x = 240→x=240/0.4 = ₹ 600
39. a;
S.I. = Rs. (20500 - 12500) = Rs. 8000.
So, rate = 100 x 8000 / (12500 x 4) = 16%.
11
SIMPLE INTEREST
40. d;
R = 8% per annum
T = 2 years
P=?
P + S.I = 191864
As we know,
P + S.I = 191864
P + (PRT)/100 = 191864
P + (P × 8 × 2)/100 = 191864
116P/100 = 191864
P = 191864 × (100/116) = 165400
41. d;
The sum be
42. c;
S.I. in 4 years – S.I. in 2.5 years = S.I in 1.5 years
S.I. in 1.5 years = Rs. (1067.20 – 1012) = Rs.55.2
S.I per year = Rs. Rs.36.8
So, principle Money = Rs.(1067.2 – Rs.(36.8 4)
= Rs.1067.2 – Rs.147.2 = Rs.920
So,
Rate of interest per annum =
43. c;
44. d;
Given T1 = , R1 = 12%, T2 = yr and R2 = 10%
Let the sum be P.
Then,
P= 20 20 = Rs 400
45. a;
S.I. received from scheme A =
= Rs.
Amount = Rs.
= Rs.
Case II,
S.I. received from scheme B = Rs.
According to the question,
12
SIMPLE INTEREST
P= Rs.2500
46. d;
Let the sum be Rs.x.
Then,
Or,
Or,
Rs.3600
47. b;
Rs.600 for 2 years = Rs.1200 for 1 year.
and Rs.150 for 4 years =Rs.600 for 1 year.
Int. = Rs.90.
48. d;
S.I. = 3264 – 2400 = Rs.864
Rate =S.I. × 100/Principal × Time
New rate = 10% per annum
Amount = 2400 + 960 = Rs.3360
49. b;
50. a;
Here
The share of Vikas, Vijay and Viraj will be in the ratio
13
SIMPLE INTEREST
Sum of proportionals = 6 + 3 + 2 = 11.
Share of Vikas =
Share of Vijay =
Share of Viraj =
Therefore, Vikash’s share is 4200 – 1400 = Rs. 2800 more than that of Viraj.
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