Simple Interest Quiz Set 2

  1. Ravi lent out Rs.9600 at 8.5% per annum for a year 2 years 6 months.At the end of the duration,what amount he earned ?
    A)2000
    B)2040
    C)4020
    D)1200
  2. A sum of Rs.12,500 to Rs.15,000 in 2 years,find the rate of interest?
    A)12%
    B)16%
    C)10%
    D)None of these
  3. A sum of money amounts to Rs. 8400 after 3 years and Rs. 12000 after 6 years at the same rate of simple interest. The rate of interest per annum is
    A)25%
    B)20%
    C)52%
    D)15%
  4. A certain amount of simple interest of Rs. 2500 after 5 years. Had the interest increased 2% more,what is SI now?(Assume P= 10,000)
    A)2500
    B)3000
    C)3500
    D)None of these
  5. What will be the ratio of simple interest earned by certain amount at the same rate for 4 years and 12years?
    A)1:4
    B)1:2
    C)3:1
    D)1:3
  6. At what percentage of simple interest ,sum of money will double itself in 7 years?
    A)14%
    B)13%
    C)14(2/7)%
    D)14(7/2)%
  7. Sankar borrowed some money at the rate of 4% pa for the first 4 years,6% for the next 3 years and 7% for the next 10 years.If the total interest paid by him is Rs.8528,how much money did he borrow?
    A)8200
    B)8328
    C)16728
    D)None of these
  8. A sum of money trebles itself in 16 years.In how many years it would become double itself in how many years?
    A)4
    B)5
    C)8
    D)8.5
  9. Babu takes a loan Rs.2000 at 5% simple interest.He returns Rs.1000 at the end of 1 year.How much amount he should pay to clear the due in 2 years.
    A)1000
    B)1150
    C)2150
    D)None of these
  10. If the annual rate of simple interest increases from 10% to 12(1/2)%,annual income increases by 2500 then the principal(Rs)
    A)1,00,000
    B)10,000
    C)1,25,000
    D)1,02,500

 

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