type 5 si on ‘n’ years & ‘x/y ‘of sum Practice Questions Answers Test with Solutions & More Shortcuts
simple interest PRACTICE TEST [6 - EXERCISES]
type 1 basic simple interest using formula
type 2 increase or decrease in interest rate
type 3 money multiples in ‘n’ years
type 4 difference & equality of si rate & years
type 5 si on ‘n’ years & ‘x/y ‘of sum
type 6 si with ratios
Question : 6 [SSC CHSL 2014]
The present worth of a bill due 7 months hence is Rs.1200 and if the bill were due at the end of 2$1/2$ years its present worth would be Rs.1016. The rate per cent is
a) 10%
b) 5%
c) 20%
d) 15%
Answer »Answer: (a)
Using Rule 1Simple Interest (S.I.)= ${\text"Principal × Rate × Time"/100$ orS.I. = ${\text"P × R × T"/100$P = ${\text"S.I." × 100}/\text"R × T"$, R = ${\text"S.I." × 100}/\text"P × T"$, T = ${\text"S.I." × 100}/\text"P × R"$ A = P + S.I. or S.I. = A - P
S.I. = ${\text"Principal × Rate × Time"/100$
1200 + ${1200 × 7 × r}/{12 × 100}$
= Amount (A)
1200 + 7r = A ...(i)
and, 1016 + ${1016 × 5 × r}/{2 × 100}$ = A
1016 + 25.4r = A ...(ii)
1016 + 25.4r = 1200 + 7r
25.4r - 7r = 1200 - 1016
18.4r = 184 ⇒ r = $184/{18.4}$
= 10% per annum
Question : 7 [SSC CPO 2011]
On a certain sum, the simple interest at the end of 6$1/4$ years becomes $3/8$ of the sum. The rate of interest is
a) 6%
b) 5%
c) 8%
d) 7%
Answer »Answer: (a)
$\text"Interest"/ \text"Principal" = 3/8$
Rate = ${\text"SI" × 100}/\text"Principal × Time"$
= $3/8 × 100/{25/4}$
= $3/8 × 400/25$ = 6% per annum
Using Rule 5,
Here, n = $3/8$, T = $25/4$ years.
R = ${n × 100}/T$
= $3/8 × 100/{25/4}$ ⇒ R = 6%
Question : 8 [SSC CGL Tier-1 2011]
The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is
a) 6%
b) 5%
c) 8%
d) 4%
Answer »Answer: (b)
$\text"Simple interest"/\text"Principal" = 1/4$
Rate = ${\text"SI" × 100}/\text"Principal × Time"$
= ${1 × 100}/{4 × 5} = 5%$ per annum
Using Rule 5,
Here, n = $1/4$, T = 5 years
R = ${n × 100}/T$
= $1/4 × 100/5$ = R = 5%
Question : 9 [SSC CGL Tier-1 2011]
Simple interest on a certain sum for 4 years is $12/25$ of the sum. The rate of interest is
a) 6%
b) 6$1/2$%
c) 12%
d) 8$1/2$%
Answer »Answer: (c)
Rate = ${\text"SI" × 100}/\text"Principal × Time"$
= $12/25 × 100/4$ = 12% per annum
Using Rule 5,
Here, n = $12/25$, T = 4 years.
R = ${n × 100}/T$
R = $12/25 × 100/4$
R = 12%
Question : 10
The simple interest on a sum at x% for x years is x. What is the sum?
a) $100/x$
b) $100/x^2$
c) $x^2$
d) x
Answer »Answer: (a)
P = $\text"100 × SI"/\text"R × T"$
= $\text"100 × x"/\text"x × x"$ = $100/x$
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type 5 si on ‘n’ years & ‘x/y ‘of sum Shortcuts »
Click to Read...type 5 si on ‘n’ years & ‘x/y ‘of sum Online Quiz
Click to Start..simple interest Shortcuts and Techniques with Examples
-
type 1 basic simple interest using formula
Defination & Shortcuts … -
type 2 increase or decrease in interest rate
Defination & Shortcuts … -
type 3 money multiples in ‘n’ years
Defination & Shortcuts … -
type 4 difference & equality of si rate & years
Defination & Shortcuts … -
type 5 si on ‘n’ years & ‘x/y ‘of sum
Defination & Shortcuts … -
type 6 si with ratios
Defination & Shortcuts …
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