# 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