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Quiz 6
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Q.1
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
Rs. 450
Rs. 524
Rs. 600
Rs. 624
Q.2
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
Rs. 1380
Rs. 1290
Rs. 1470
Rs.1200
Rs. 1240
Q.3
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
8%
9%
10%
11%
12%
Q.4
Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440.
8%
9%
10%
11%
12%
Q.5
What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
Rs. 5
Rs. 10
Rs. 20
Rs. 40
None of these
Q.6
Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
Rs. 1200
Rs.1300
Rs. 1400
Rs. 300
None of these
Q.7
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
Rs. 2300
Rs. 2315.25
Rs. 2310
Rs. 2320
None of these
Q.8
Find the difference between the simple interest and the compound interest at 5% per annum for 2 years on principal of Rs. 2000.
5
10.5
4.5
5.5
None of these
Q.9
What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
Rs. 269.5
Rs. 283
Rs. 273
Rs. 280
None of these
Q.10
Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly.
Rs. 331
Rs. 1331
Rs. 320
Rs. 325
None of these
Q.11
A money lender finds that due to fall in the annual rate of interest from 8% to $${\text{7}}\frac{3}{4}{\text{%,}}$$ his yearly income diminishes by Rs. 61.50. His capital is = ?
Rs. 22400
Rs. 23800
Rs. 24600
Rs. 26000
Q.12
Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.
Rs. 1000
Rs. 2200
Rs. 2000
Rs. 1100
Rs. 1200
Q.13
If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, z we have = ?
x
2
= xy
xyz = 1
x
2
= yz
y
2
= zx
Q.14
The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is = ?
7%
8%
9%
10%
Q.15
If the simple interest on a sum of money for 15 months at $${\text{7}}\frac{1}{2}$$ % per annum exceeds the simple interest on the same sum for 8 months at $${\text{12}}\frac{1}{2}$$ % per annum by Rs. 32.50, then the sum of money ( In Rs.) is ?
Rs. 312
Rs. 312.50
Rs. 3120
Rs. 3120.50
Q.16
In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly?
6 months
1 year
$$1\frac{1}{2}$$ years
3 months
None of these
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