In how many years will a sum of money become 7/4 of itself at 6% per annum simple interest?
Correct answer D. 12.5 years
Topic / 69 questions
Simple Interest MCQs
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Rs. 25,000 is invested partly at 8% and partly at 12% per annum simple interest. If the overall return is 9.2% per annum, how much is invested at 12%?
Correct answer B. Rs. 7,500
A sum doubles in 8 years at simple interest. What will Rs. 5,000 amount to in 12 years at the same rate?
Correct answer A. Rs. 12,500
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A sum amounts to Rs. 6,600 in 2 years at simple interest. Had the rate been 2% per annum higher, it would have amounted to Rs. 6,840. What is the sum?
Correct answer D. Rs. 6,000
Two equal sums are lent at 7% and 9% per annum simple interest. After 4 years the interest on the second exceeds that on the first by Rs. 640. What is each sum?
Correct answer A. Rs. 8,000
The ratio of a principal to its amount at simple interest at the end of 4 years is 5 : 7. What is the rate of interest per annum?
Correct answer D. 10%
Ali lends Rs. 5,000 at 10% per annum and Bushra lends Rs. 6,000 at 5% per annum, both at simple interest. After how many years will their amounts be equal?
Correct answer D. 5 years
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
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
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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%
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%
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%
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%
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
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
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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
Farah deposits Rs. 6,400 in a savings scheme paying 7.5% per annum simple interest. How much interest will she earn in 3 years?
Correct answer C. Rs. 1,440
A shopkeeper borrows Rs. 9,500 at 6% per annum simple interest. What amount must he repay at the end of 4 years?
Correct answer D. Rs. 11,780
A sum of money earns a simple interest of Rs. 2,016 in 3 years 6 months at 8% per annum. What is the sum?
Correct answer A. Rs. 7,200
Rs. 5,600 lent at simple interest earns Rs. 1,512 as interest in 3 years. What is the rate of interest per annum?
Correct answer C. 9%