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

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