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Question Detail
At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
- 750
- 700
- 650
- 600
Answer: Option D
Explanation:
We need to calculate the total amount to be paid by him after 4 years, So it will be Principal + simple interest.
So,
\begin{aligned}
=> 500 + \frac{500*5*4}{100}
=> Rs. 600
\end{aligned}
1. What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.
- 1:2
- 2:1
- 2:2
- 2:3
Answer: Option D
Explanation:
Let the principal be P and rate be R
then
\begin{aligned}
\text{ratio = } [\frac{(\frac{P*R*6}{100})}{(\frac{P*R*9}{100})}] \\
= \frac{6PR}{9PR} = 2:3
\end{aligned}
2. Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was
- 4100
- 4200
- 4300
- 4400
Answer: Option A
Explanation:
\begin{aligned}
\text{S.I.} = \frac{P*R*T}{100} \\
=> P = \frac{S.I. * 100}{R*T}
\end{aligned}
By applying above formula we can easily solve this question, as we are already having the simple interest.
\begin{aligned}
=> P = \frac{1230 * 100}{6*5} \\
=> P = 4100
\end{aligned}
3. If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is
- 12
- 12.5
- 13
- 13.5
Answer: Option B
Explanation:
Let sum = x then Simple Interest = x
Rate = (100 * x) / (x * 8) = 12.5
4. At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years
- 1%
- 2%
- 3%
- 4%
Answer: Option D
Explanation:
Let sum = x
Time = 10 years.
S.I = 2x /5, [as per question]
Rate =( (100 * 2x) / (x*5*10))%
=> Rate = 4%
5. At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
- 750
- 700
- 650
- 600
Answer: Option D
Explanation:
We need to calculate the total amount to be paid by him after 4 years, So it will be Principal + simple interest.
So,
\begin{aligned}
=> 500 + \frac{500*5*4}{100}
=> Rs. 600
\end{aligned}
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