A money lender lends â‚¹ 400/- for 3 years t

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 Multiple Choice QuestionsMultiple Choice Questions

21.

The amount to be paid, when principal  = ₹ 2,000/-, Rate of simple interest (R) = 5%, T = 2 years, is

  • ₹ 3,200/-
  • ₹ 2,400/-
  • ₹ 2,200/-
  • ₹ 2,200/-
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22.

The rate of simple interest per annum at which a sum of money double itself in 16 2 over 3 space years, is:

  • 4%

  • 5%

  • 6%

  • 6%

63 Views

23.

The sum of money that will yield ₹ 60/- as simple interest at 6% per annum in 5 years is

  • ₹ 200/-

  • ₹ 225/-

  • ₹ 175/-

  • ₹ 175/-

68 Views

24.

If a sum of money double itself in 8 years, then the interest rate in percentage is

  • 8 1 half percent sign

  • 10%

  • 10 1 half percent sign

  • 10 1 half percent sign

65 Views

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25.

For what sum will the simple interest at R% for R years will be R?

  • fraction numerator 100 over denominator 2 straight R end fraction

  • 50 over straight R

  • 100 over straight R

  • 200 over straight R

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26.

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6% simple interest per annum?

  • 7 years

  • 3 years

  • 5 years

  • 4 years

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27.

A money lender lends â‚¹ 400/- for 3 years to a person and lends â‚¹ 500/- for 4 years to the other person at the same rate of simple interest. If altogether he receives â‚¹ 160/- as interest, what is the rate of interest per annum?

  • 5%

  • 7%

  • 9%

  • 10%


A.

5%

Let the rate of interest  = r%
According to the question,
  160 space equals space fraction numerator 400 space cross times space 3 space cross times space straight r over denominator 100 end fraction space plus space fraction numerator 500 space cross times space 4 space cross times space straight r over denominator 100 end fraction
160 space equals space 12 straight r space plus space space 20 straight r
160 space equals space 32 straight r
space space straight r space equals space 160 over 32
therefore space space straight r space equals space 5 percent sign

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28.

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is â‚¹ 840/-. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is

  • 7%

  • 8%

  • 9%

  • 10%

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29.

If the simple interest on Rs 1/- for 1 month is 1 paisa, then the rate percent per annum will be:

  • 10%

  • 8%

  • 12%

  • 6%

94 Views

30.

What annual payment will discharge a debt of ₹ 6450 due in 4 yr at 5% per annum simple interest?

  • ₹ 1400

  • ₹ 1500

  • ₹ 1550

  • ₹ 1600

97 Views

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