**Question 1:** How much a person should pay per year to payment the debt of Rs 4180 due in 4 years at the rate of 3% per annum?

(a) 1400

(b) 1000

(c) 1300

(d) 1500

### Answers and Explanations

**Question 2:** The sum of interest on a sum of money is 1/36 of the principal, and the number of years is equal to the rate of interest. What will be the rate percent?

(a) 5/3%

(b) 4/3%

(c) 7/3%

(d) 8/3%

### Answers and Explanations

**Question 3:** The rate of interest for 2 years is 3%, 4 years is 6%,2 years is 4%.If a man gets interest of Rs. 3800 for 9 years, Calculate the principal amount.

(a) 14000

(b) 10000

(c) 13000

(d) 15000

### Answers and Explanations

**Question 4:** A sum of money becomes 3 times in 25 years. Calculate the rate of interest.

(a) 8%

(b) 10%

(c) 12%

(d) 13%

### Answers and Explanations

**Question 5:** A sum was put at SI at a certain rate for 4 years. If the sum would have put at a 2% higher rate, it could yield Rs 800 more. What will be the principal?

(a) 14000

(b) 12000

(c) 13000

(d) 10000

### Answers and Explanations

### Table of Contents

**Concept Articles**

Simple Interest Basic Concepts

Simple Interest: Tips, Tricks & Results-1

Simple Interest: Tips, Tricks & Results-2

Simple Interest: Basic Concepts Exercise

Simple Interest: Tips, Tricks & Results Exercise-1

Simple Interest: Tips, Tricks & Results Exercise-2

**Practice Tests**

Simple Interest Test-1

Simple Interest Test-2

Simple Interest Test-3

Simple Interest Test-4

Simple Interest Test-5

Simple Interest Test-6

please provide solutions conceptually but not with the formulae

Hey Sameer

This exercise is based on Simple Interest tricks and therefore, uses all formulae to solve the questions.

Regards

Wordpandit