Speed Test - 11 Simple Interest

SHUNMUGAM IAS STUDY CIRCLE COIMBATORE TIRUNELVELI 9994146662 9597211166

Speed test - 11
Simple interest time 40 min
1.Find simple interest on Rs.1025 at 7 % per annum for 4 years
(A) Rs.405.59 (B) Rs.375.45 (C) Rs.345.94 (D) Rs.354.94 (E) None of these

2. Find the amount of Rs.985 at 5 % p.a
(A)Rs.1013.32 (B) Rs.1040.23 (C) Rs.1024.24 (D) Rs.999.32 (E) None of these

3. If simple interest is Rs.150, amount is Rs.450, rate is 5% per annum, find the period
(A) 16 years (B) 5 years (C) 10 years (D) 12 years (E) None of these

4. A sum when reckoned simple interest at 2 5 per annum amounts to Rs.598 after 6 years. Find the sum
(A) Rs.520 (B) Rs.518 (C) Rs.519 (D) Rs.528 (E) None of these

5. The simple interest on Rs.1500 for 6 years at 5% p.a is

6. A man will get Rs.127.50 as simple interest on Rs.850 at 5% per annum in
(A)2 years (B) 3 years (C) 4 years (D) 5 years (E) None of these

7. The simple interest on a certain principal for 4 years at 9 % p.a. amounts to Rs.456. The sum is

8. Interest on a certain sum of money 2 years at 3 % per annum is Rs.390. The sum is

9. At simple interest a sum triples after 25 years the ratio of interest per annum is
(A) 5% (B) 6% (C) 8% (D) 7% (E) None of these

10. A sum doubles itself in 10 years. The rate of interest per annum is

11. A sum of money amounts to Rs.795 in 4 years and Rs.850 in 5 years. The sum is

12. If 1 Re. produces Rs.12 as interest in 60 years at simple interest, the rate percent is
(A) 15 (B) 18 (C) 20 (D) 25 (E) None of these

13. A sum of money that will give Re.1 as interest per day at 10% per annum simple interest is

14. A sum of money at simple interest amounts to Rs.3000 in two years and Rs.3450 in five years. Find the sum and rate
of interest
(A) 6% (B) 7 1/3 % (C) 5 5/9% (D) 6 1/8% (E) None of these

15. Find out the capital required to earn a monthly interest of Rs.800/- p.m.at5% p.a. at simple interest
(A) Rs.1,87,000 (B) Rs.1,75,000 (C) Rs.1,28,000 (D) Rs.1,92,000 (E) None of these

16. How much capital amount will yield Rs.406 as simple interest at 3 % for 7 % years

17. The simple interest on a sum equals 1/5 of itself in 8 years. Find the rate of interest
(A) 2 1/4% (B) 2 % (C) 3 1/3 % (D) 4 1/7% (E) None of these

18. In how many years will Rs.2200 amount to Rs.3300 at the rate of 5% simple interest

19. If a sum of Rs.1800 gives a simple interest of Rs. 504 in 2 years and 6 months then the rate of interest per annum is
(A) 10% (B) 8% (C) 11.2% (D) 9% (E) None of these

20. In how many years will be a sum be thrice itself at the rate of 20% per annum?

21. The interest on a certain deposit at 10% per annum is Rs.550 in one year. How much will the additional interest in one
year be on the same deposit at 11% per annum?

22. Some amount out of Rs.5000 was lent at 5% per annum and the remaining was lent at 4% per annum. If the total
simple interest from both in 5 years was Rs.1500. Calculate the sum lent at 5% per annum
(A) Rs. 1,500 (B) Rs.10,000 (C) Rs.2,000 (D) Rs.2,800 (E) None of these

23. Ramesh borrowed some money from a private bank with 6% per annum at simple interest for the first four years, 9%
per annum for the next four years and 12% per annum for the period beyond 8 years. If at the end of thirteen years he pays
a total interest of Rs. 7200 how much money did he borrow from that bank?

24. The simple interest at x% for X years will be Rs.x on an sum of
(A) Rs. X (B) Rs.100X (C) Rs. 100 (D) Rs.(100+x) (E) None of these
100 X

25. A lent Rs.700 to B for 2 years and received altogether from both Rs. 78 as simple interest. The rate of interest is

26. A certain sum of money at simple interest amounts to Rs.2800 in 2 years and to Rs.3220 in 5 years. The rate of
interest per annum is
(A) 6 1/3% (B) 5 5/9% (C) 2 % (D) 6 1/8% (E) None of these

27. If Rs.80 amounts to Rs.86 in 3 years. What will Rs.120 amounts to in 4 years the rate of interest being the same in
both the cases?
(A) Rs.148 (B) Rs.138 (C) Rs.128.50 (D) Rs.132 (E) None of these

28. The simple interest on a sum of money is (1/25) of the principal and the number of years is equal to the rate percent
per annum. The rate percent per annum is
(A) 3% (B) 2% (C) 2 % (D) 4% (E) None of these

29. If Rs.1600 amounts to Rs.2100 is 5 years at a certain rate of simple interest. If the rate of interest is increased by 1% it
would amount to how much?

30. A borrowed Rs.10,000 from B at simple interest, After 5 years, B received Rs.2000 more than the amount given to A
on loan, the rate of interest was

31. A sum of money doubles itself in 5 years. It will become 4 times of itself in
(A) 10 years (B) 15 years (C) 20 years (D) 18years (E) None of these


32. If the interest on Rs.2400 be more than the interest on Rs.2000 by Rs.64 in 4 years the rate percent is
(A) 5% (B) 4% (C) 3 1/3% (D) 6% (E) None of these

33. A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1% higher rate it would have fetched
Rs.63 more. The sum is
(A) Rs.2400 (B) Rs.2200 (C) Rs.2100 (D) 2480 (E) None of these

34. Rahim borrowed some money from a society at the rate of 8.5% per annum simple interest for 8 years, at the rate of
10% per annum simple interest for the next two years and the rate of 12% per annum beyond 10 years. If he paid a total
interest of Rs.5550 at the end of 11 years how much money did he borrow from the society?

35. A certain sum of money becomes three times in 25 years. Find the rate of interest
(A) 6 1/3 % (B) 2 1/8% (C) 7 1/8 % (D) None of these (E) 8 1/8 %

36. Two equal amounts of money are deposited in two different banks each at 12% per annum for 8 years and 3.5 years
respectively. If the difference between their interest is Rs.540, find each sum

37. A certain sum of money amounted to Rs.675 at 5% in a time in which Rs.850 amounted to Rs.918 at 2%. If the rate of
interest in simple, find the sum
(A) Rs.563.80 (B) Rs.562.50 (C) Rs.564.30 (D) Rs.565.60 (E) None of these

38. A sum was put at simple interest at a certain rate for 4 years. Had it been put a 2% higher rate, it would have fetched
Rs. 400 more. Find the sum

39. A lent Rs. 300 to B for 3 years and Rs.75 to C for 4 years and received altogether from both Rs.60 as interest. Find the
rate of interest, simple interest being calculated.
(A) 5% (B) 4% (C) 6% (D) None of these (E) None of these

40. What sum of money will produce Rs.285 interest in 3 years at 2 % simple interest

41. What annual payment will discharge a debt of Rs.473 in 5 years at 5% per annum simple interest?
(A) Rs. 85 (B) Rs.86 (C) Rs.80 (D) Rs.88 (E) None of these

42. A sum of money at simple interest amounts to Rs.3360 in two years and Rs.3900 in 5 years. What is the principal
amount?
(A) Rs. 4500 (B) Rs.3000 (C) Rs.5700 (D) Rs.3500 (E) None of these

43. Simple interest on Rs.1200 at 5% per annum for 73 days is

44. A man borrows Rs.150 at 4% and Rs.200 at 5% for some period. If the total simple interest paid by him is Rs. 96, you
are required to find the time for which he borrowed the amounts

45. What equal annual payment will discharge a debt of Rs.6600 due in 5 years at 5% simple interest?

46. What annual payment will discharge a debt of Rs.1160 due in 5 years the rate of interest being 8% p.a?

47. The simple interest on a sum of money will be Rs.700 after 10 years. If the principal is tripled after 5 years, the total
interest at the end of 10 years will be

48. A man invested of his capital at 8% of his investment at 5% and the remainder at 10%. If his annual income is
Rs.620 the capital is

49. A man borrowed some money at simple interest the rate of interest for the first 4 years was 6% for the next 3 years
was 9% and the next 5 years. It was 11% beyond this it was 12% per annum. If he paid Rs.1170 as interest for 14 years
how much money did he borrow?

50. Arun borrowed a loan at 16% per annum at simple interest. After 5 years he repaid Rs.9900. Find the amount
borrowed by Arun?
(A) Rs.5000 (B) Rs.5500 (C) Rs. 6000 (D) Rs.6500 (E) None of these

51. Amal borrowed a sum of money with simple interest as per the following rate structure:
(a) 6 p.c.p.a for the first three years (b) 8 p.c.p.a for the next five years
(c) 12 p.c.p.a for the next five years
If he paid a total for Rs.5,040 as interest at the end of twelve years, how much money did he borrow?
(A) Rs. 8,000 (B) Rs.10,000 (C) Rs.12,000 (D) Rs.6,000 (E) None of these

52. A person invested a certain amount at simple interest at the rate of 6 p.c.p.a earning Rs. 900 as an interest at the end of
three years. Had the interest been compounded every year, how much more interest would he have earned on the same
amount with the same interest rate after three years?
(A) Rs.38.13 (B) Rs.25.33 (C)Rs.55.08 (D) Rs.35.30 (E) None of these

53. On Rs.3,000 invested at a simple interest rate 6 p.c.p.a., Rs.900 is obtained as interest in certain years. In order to earn
Rs.1,600 as interest on Rs.4,000 in the same number of years what should be the rate of simple interest?
(A) 7 p.c.p.a (B) 8 p.c.p.a (C) 9 p.c.p.a (D) Data inadequate (E) None of these

54. Parameshwaran invested an amount of Rs.12,000 at the simple interest rate of 10 p.c.p.a and another amount at the
simple interest rate of 20 p.c.p.a. The total interest earned at the end of one of the total amount invested because 14
p.c.p.a. Find the total amount invested.
(A) Rs.22,000 (B) Rs.25,000 (C) Rs.20,000 (D) Rs.24,000 (E) None of these

55. At what rate of simple interest per annum an amount will be doubled in 10 years?
(A) 10% (B) 7.5% (C) 16% (D) 15% (E) None of these

56. If the compound interest on a sum for 2 years at 12% per annum is Rs. 510, the simple interest on the same sum at
the same rate for the same period of time is :
(A) Rs. 400 (B) Rs. 450 (C) Rs. 460 (D) Rs. 480 (E) None of these

57. The compound interest for a certain sum @ 5% p.a. for first year is Rs. 25. The SI for the same money @ 5% p.a. for
2 years will be.
(A) Rs. 40 (B) Rs. 50 (C) Rs. 60 (D) Rs. 70 (E) None of these

58.One person took a loan of Rs. 5000 for 3 yrs on simple interest. After three years he paid back Rs. 6200 including the
principal and the interest accrued. Calculate the rate of interest.
(A) 6% (B) 7% (C) 8% (D) 7.5% (E) None of these

Speed Test - 11 Simple Interest

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SHUNMUGAM IAS STUDY CIRCLE COIMBATORE TIRUNELVELI 9994146662 9597211166

SHUNMUGAM IAS STUDY CIRCLE COIMBATORE TIRUNELVELI 9994146662 9597211166

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