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Shyamal takes a loan from Shubham for 2 years at the rate of 8% per annum on simple interest and after 2 years he gave back Rs 41,296 to Shubham and completed the payment of his loan. Find the interest paid by Shyamal.
- Rs. 5,680
- Rs. 5,696
- Rs. 5,690
- Rs. 5,699
The correct answer is Rs. 5,696.
If the simple interest on a sum of Rs. P at 5% per annum for three years is thrice the simple interest received on Rs. Q at 7% per annum for four years, then find the relation between P and Q.
- Q = 2.1P
- Q = 3.1P
- P = 4.8Q
- P = 5.6Q
The correct answer is D.
A person invested Rs. 22,500 divided into two different schemes A and B at S.I of 12.5% and 15%. If the total amount of the simple interest earned in 2 years is Rs. 6425, what was the amount invested in scheme A?
- Rs. 6600
- Rs. 6500
- Rs. 6400
- Rs. 6700
The correct answer is Rs. 6500.
Mr. Jacob invested Rs. 17,500 divided into two different schemes A and B at simple interest rates of 20% and 7.5% respectively. If the total amount of interest earned in 2 years is Rs. 3,775, what was the amount invested in scheme A?
- Rs. 6600
- Rs. 5600
- Rs. 4600
- Rs. 3600
The correct answer is Rs. 4600.
A sum of Rs. 8,400 amounts to Rs. 10,899 in 3 1/2 years at a certain rate per cent per annum, at simple interest. What will be the amount of the same sum at simple interest for 4 2/3 years at double the rate of interest?
- Rs. 11,732
- Rs. 7,532
- Rs. 15,064
- Rs. 14,672
The correct answer is 15,064.
A man borrowed a certain sum of money at the rate of 10% per annum simple interest for the first three years and 15% per annum simple interest for the period beyond three years. If he pays a total interest of Rs. 2884.50 at the end of 7 years, then the sum of money (in Rs.) that he borrowed is:
- Rs. 3,860
- Rs. 3,090
- Rs. 4,550
- Rs. 3,205
The correct answer is Rs. 3205.
R lends some money to S on which S pays ₹17,000 more to R. S lends the same money to T, on which T pays 8.5% more to S. What should be the minimum amount (in ₹) that S must borrow so that he does not incur any loss in the process?
- Rs. 2,00,000
- Rs. 2,25,000
- Rs. 1,80,000
- Rs. 1,70,000
The correct answer is 2,00,000.
A man took a loan of Rs. 32,400 at a certain rate of simple interest per annum. The rate of interest is one-fourth of the number of years for which the loan is taken. If he paid Rs. 11,664 as interest at the end of the loan period, the rate of interest was:
- 3%
- 8%
- 5%
- 12%
The correct answer is 3%.
Ram invested a certain amount P for t years. If the sum becomes 2 times when it is invested at a simple interest of 5% per annum, then find the rate of interest at which it is applied so that the sum becomes 5 times.
- 7% per annum
- 17% per annum
- 20% per annum
- 21% per annum
The correct answer is 20% per annum.
A person invested a total sum of Rs. 15,500 in three different schemes of simple interest at the annual rate of 4 percent, 6 percent, and 10 percent. At the end of one year he got the same interest in all three schemes. What is the sum invested at the rate of 6 percent?
- Rs. 5400
- Rs. 5000
- Rs. 5500
- Rs. 6500
The correct answer is Rs. 5000.
1/2 of a certain sum is lent at 20 percent rate of interest. 1/5 of the sum is lent at 25 percent rate of interest. The remaining sum is lent at 10 percent rate of interest. If the simple interest received on the total sum for 2 years is Rs. 360, then what is the sum?
- Rs. 1200
- Rs. 800
- Rs. 1000
- Rs. 1400
The correct answer is Rs. 1000.
A person borrows Rs. 20000 at the rate of 6 percent per annum on simple interest for 3 years. He immediately lends it to another person at the rate of 8.5 percent per annum on simple interest for 3 years. What is the value of gain per year?
- Rs. 1500
- Rs. 500
- Rs. 800
- Rs. 200
The correct answer is Rs. 500.
Rs. 7,000, 8% of the annual interest rate has been invested. If after 5 years, that amount is withdrawn and half the amount is invested in the stock market, then what will be the remaining amount (in Rs.)?
- Rs. 4,700
- Rs. 4,900
- Rs. 4,600
- Rs. 4,800
The correct answer is Rs. 4,900.
Rs. 5,000 is divided into two parts such that if one part is invested 4% and the other at 5%, then the whole annual interest from both the sums is Rs. 223. How much was invested at 4%?
- Rs. 2,600
- Rs. 2,800
- Rs. 2,700
- Rs. 2,300
The correct answer is Rs. 2,700.
‘A’ lent ₹5000 to ‘B’ for 2 years and ₹3000 to ‘C’ for 4 years on simple interest at the same rate of interest and received ₹2200 in all from both of them as interest. The rate of interest per annum is:
- 7%
- 7.18%
- 10%
- 5%
The correct answer is 10%.