type 1 basic simple interest using formula Section-Wise Topic Notes With Detailed Explanation And Example Questions

Question : 1

Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 become in 3 years ?

a) Rs.1025

b) Rs.1020.80

c) Rs.1050

d) Rs.1052

Question : 2

A money lender finds that due to fall in the annual rate of interest 8% to 7$3/4$% , his yearly income diminishes by Rs.61.50. His capital is

a) Rs.23800

b) Rs.22400

c) Rs.26000

d) Rs.24600

Question : 3

What sum of money must be given as simple interest for six months at 4% per annum in order to earn Rs.150 interest?

a) Rs.7500

b) Rs.5000

c) Rs.15000

d) Rs.10000

Question : 4

In what time will Rs.72 become Rs.81 at 6$1/4$% per annum simple interest ?

a) 3 years

b) 2 years

c) None of these

d) 2 years 6 months

Question : 5

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs.5,400 as interest only for the period. The principal amount borrowed by him was :

a) Rs.10,000

b) Rs.2,000

c) Rs.15,000

d) Rs.20,000

Question : 6

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is:

a) 8%

b) 5$1/2$%

c) 6%

d) 7%