type 5 si on ‘n’ years & ‘x/y ‘of sum Practice Questions Answers Test with Solutions & More Shortcuts

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: (a)

Using Rule 1
Simple Interest (S.I.)= ${\text"Principal × Rate × Time"/100$ or
S.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: (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: (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: (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: (a)

P = $\text"100 × SI"/\text"R × T"$

= $\text"100 × x"/\text"x × x"$ = $100/x$

IMPORTANT quantitative aptitude EXERCISES

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..

Recently Added Subject & Categories For All Competitive Exams

Syllogism Practice Questions Answers PDF - IBPS Clerk 2024

Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam

16-May-2024 by Careericons

Continue Reading »

IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers

Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download

14-May-2024 by Careericons

Continue Reading »

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »

Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024

Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024

11-May-2024 by Careericons

Continue Reading »