Race Institute

#38, Burkit Road,

Opposite to bus terminal,

Thyagaraya Nagar

Chennai - 600 017.

Phone:

044-64563030

044-42660776

Mobile:

9043303030

Contact Person:

Bharath Seeman

Simple interest

 

1.What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?

A. Rs. 112

B. Rs. 118.80

C. Rs. 120

D. Rs. 122

2.Sanjay deposited Rs. 5000 in the bank. The bank offered simple interest at the rate of 12 per cent per year. After 5 years the total amount received by him will be:

A. Rs. 7,000

B. Rs. 7,500

C. Rs. 8,000

D. Rs. 8,500

3.A moneylender charged Rs. 120 as simple interest on a sum of Rs. 400 for four months. The rate of interest per annum will be: [CDS 2000]

A. Rs. 0

B. Rs. 0.15

C. Rs. 1.80

D. Rs. 1

4.What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest?

A. Rs. 400.00

B. Rs. 120.00

C. Rs. 510.00

D. Rs. 220.00

5.In what time will the simple interest be 2/5 of the principal at 8 per cent per annum? [SSC Grad. 2002]

A. 8 years

B. 7 years

C. 5 years

D. 6 years

6.What is the rate of annual simple interest at which a sum of money would double itself in 25 years? [CDS 1999]

A. Rs. 0

B. Rs. 0

C. Rs. 0

D. Rs. 0

7.A sum of Rs. 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs. 300. The ratio of money lent at 5% to that at 8% is: [SSC Grad. 2002]

A. 05:08

B. 08:05

C. 31:06:00

D. 16:15

8.Two equal sums of money were invested, one at 4 and the other at 4 %. At the end of 7 years, the simple interest received from the latter exceeded to that received from the former by Rs. 31.50. each sum was: [SSC Grad. 1999]

A. Rs. 1,000

B. Rs. 500

C. Rs. 750

D. Rs. 900

9.I had Rs. 10,000 with me. Out of this, money I lent some money to A for 2 years at 15% simple interest. I lent the remaining money to B for an equal number of years at 18% simple interest. After 2 years, I found that A had given me Rs. 360 more as interest as compared to B. the amount of money which I had lent to B must have been: [CDS 1999]

A. Rs. 2,000

B. Rs. 3,000

C. Rs. 4,000

D. Rs. 5,000

10.Two equal sums were lent out 9% and 7% simple interest, respectively. The sum of simple interest earned for the two loans at the end 3 years is Rs. 480. What is each sum equal to? [CDS 2006]

A. Rs. 1,000

B. Rs. 2,000

C. Rs. 3,000

D. Rs. 4,000