What is the simple interest on Rs. 7,300 at 9% per annum for 8 months?
Correct answer D. Rs. 438
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Rs. 14,600 is lent at 10% per annum simple interest from 5 March to 18 May of the same year. Counting the last day but not the first, what is the interest?
Correct answer D. Rs. 296
Rs. 8,000 is lent at simple interest at 5% per annum for the first 2 years, 7% per annum for the next 3 years and 9% per annum after that. What is the total interest at the end of 6 years?
Correct answer A. Rs. 3,200
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Imran borrows Rs. 15,000 at 7% per annum simple interest and immediately lends the whole amount at 9.5% per annum simple interest. What is his total gain at the end of 3 years?
Correct answer D. Rs. 1,125
Had a sum been lent at 2% per annum higher simple interest for 3 years, it would have earned Rs. 360 more. What is the sum?
Correct answer B. Rs. 6,000
A fixed deposit of Rs. 12,000 pays simple interest of Rs. 70 every month. What is the annual rate of interest?
Correct answer D. 7%
Rashid took a loan of Rs. 2,500 at simple interest for as many years as the rate of interest per annum. If he paid Rs. 1,225 as interest, what was the rate?
Correct answer A. 7%
The simple interest on a sum is 16/25 of the sum, and the rate per annum equals the number of years. What is the rate?
Correct answer A. 8%
The simple interest on a sum for 6 years is 3/8 of the sum. What is the rate of interest per annum?
Correct answer D. 6.25%
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A sum lent at 12.5% per annum simple interest amounts to Rs. 9,180 in 4 years. What is the sum?
Correct answer A. Rs. 6,120
A starts with Rs. 1,00,000. After 3 months he withdraws 25% of his capital, and 3 months later B joins with Rs. 1,50,000. Out of a year-end profit of Rs. 1,00,000, what is A’s share?
Correct answer A. Rs. 52,000
A and B invest Rs. 36,000 and Rs. 54,000. After 8 months C joins with Rs. 72,000. If C’s share of the year-end profit is Rs. 8,000, what is the total profit?
Correct answer D. Rs. 38,000
A invests three times as much as B, and B invests two-thirds of what C invests. Out of a profit of Rs. 66,000, what is C’s share?
Correct answer C. Rs. 18,000
Three farmers rent a pasture for Rs. 3,600. A grazes 8 cows for 6 months, B grazes 10 cows for 3 months and C grazes 6 cows for 7 months. How much rent should B pay?
Correct answer B. Rs. 900
A invests twice as much as B, but B’s money stays in the business three times as long as A’s. Out of a profit of Rs. 25,000, what is B’s share?
Correct answer B. Rs. 15,000
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A and B invest Rs. 70,000 and Rs. 50,000. A, the working partner, draws a salary of Rs. 1,500 per month, and the remaining profit is shared in the capital ratio. Out of an annual profit of Rs. 66,000, how much does A receive?
Correct answer A. Rs. 46,000
A firm’s annual profit is Rs. 1,20,000. A gets 20% for managing the firm and the rest is divided among A, B and C in the ratio 3 : 2 : 1. What is A’s total income?
Correct answer D. Rs. 72,000
A invests Rs. 35,000 for 12 months and B invests Rs. 42,000 for 9 months. If B’s share of the profit is Rs. 13,500, what is the total profit?
Correct answer C. Rs. 28,500
A starts a business with Rs. 60,000. B joins later with Rs. 80,000 and at the year end their profits are equal. After how many months did B join?
Correct answer A. 3 months
A and B invest in the ratio 3 : 5. A’s money is invested for 8 months and the profits are shared in the ratio 2 : 5. For how many months was B’s money invested?
Correct answer B. 12 months