A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
A)
Rs. 35
B)
Rs. 245
C)
Rs. 350
D)
Cannot be determined
Correct Option - D
Explanation
We need to know the S.I., principal and time to find the rate.
Since the principal is not given, so data is inadequate.
A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
A)
5%
B)
8%
C)
12%
D)
15%
Correct Option - C
Explanation
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A)
3%
B)
4%
C)
5%
D)
6%
Correct Option - D
Explanation
An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
A)
10%
B)
10.25%
C)
10.5%
D)
None of these
Correct Option - B
Explanation
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
A)
Rs. 2000
B)
Rs. 10000
C)
Rs. 15000
D)
Rs. 20000
Correct Option - C
Explanation
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A)
3.5 years
B)
4 years
C)
4.5 years
D)
5 years
Correct Option - B
Explanation
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. 650
B)
Rs. 690
C)
Rs. 698
D)
Rs. 700
Correct Option - C
Explanation