**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

### Simple Interest (Complete Lesson): Table of Contents

**Concept Articles****Exercise **

**Practice Tests **

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

i dont think remembering equations can be considered as a trick. You should actually provide some tricks to solve the questions.Its pretty difficult to remember so many equations.

Hi Teena

This is the exercise page for the topic. Refer to the concept articles for Simple Interest in order to go through the concepts for this topic.

Wordpandit