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Simple Interest Quiz

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Question 1

A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% more rate, it would have fetched Rs. 300 more. The original sum of money was:

Question 2

In how many years will a sum of money double itself at 12% per annum at simple interest?

Question 3

John invested a sum of money at an annual simple interest rate of 10%. At the end of four years, the amount invested plus interest earned was Rs 770. The amount invested was how much?

Question 4

On what sum of money, will the difference between the simple interest and the compound interest for 2 years at 8% per annum be equal to Rs. 8?

Question 5

A person deposited Rs. 500 for 4 years and Rs. 600 for 3 years at the same rate of simple interest in bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was

Question 6

If a sum of money amounts to ₹ 12,900 and ₹ 14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is

Question 7

A certain sum of money at simple interest amounts to Rs. 1012 in 2.5 years and to Rs. 1067.20 in 4 years. The rate of interest per annum is

Question 8

The simple interest on a sum of money is of the sum. If the number of years is numerically equal to the rate percent per annum, then the rate percent per annum is:

Question 9

If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is:

Question 10

The effective annual rate of interest corresponding to a nominal rate of 15% per annum payable half - yearly is
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Dec 9IPM, CUET & BBA Exams