Simple Interest: Tips, Tricks & Results Exercise-2

Question 1: If the simple interest on Rs 500 increases by Rs 10 when time increases by 4 years. Find the rate per annum.
(a) 0.5%
(b) 0.2%
(c) 0.3%
(d) 0.7%

Answers and Explanations

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Question 2: If the SI on Rs 1000 be more than the interest on 800 by Rs 80 in 4 years, find the rate per annum.
(a) 12.5%
(b) 10%
(c) 7.5%
(d) 7%

Answers and Explanations

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Question 3: A man deposits Rs 500at 4% per annum and Rs 600 at 5% per annum. Find the rate of interest for the whole sum.
(a) 40/11%
(b) 30/11%
(c) 40/11%
(d) 50/11%

Answers and Explanations

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Question 4: A certain amount is invested for certain time. When invested at 9% it amounts to Rs 200 but when it was invested at 2% it amounts to Rs 50. find the time.
(a) 300%
(b) 100%
(c) 150%
(d) 250%