Practice mode / Simple Interest What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years. A Option A: I alone sufficient while II alone not sufficient to answer B Option B: II alone sufficient while I alone not sufficient to answer C Option C: Either I or II alone sufficient to answer D Option D: Both I and II are not sufficient to answer E Option E: Both I and II are necessary to answer Correct answer B. II alone sufficient while I alone not sufficient to answer Show answer Report a problem How we write and check questions
Question 01 / Simple Interest The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years. A Option A: I alone sufficient while II alone not sufficient to answer B Option B: II alone sufficient while I alone not sufficient to answer C Option C: Either I or II alone sufficient to answer D Option D: Both I and II are not sufficient to answer E Option E: Both I and II are necessary to answer Correct answer B. II alone sufficient while I alone not sufficient to answer Show answer Open question
Question 02 / Simple Interest A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year. A Option A: Rs. 112.50 B Option B: Rs. 125 C Option C: Rs. 225 D Option D: Rs. 167.50 Correct answer A. Rs. 112.50 Show answer Open question
Question 03 / Simple Interest A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned? A Option A: Rs. 35 B Option B: Rs. 245 C Option C: Rs. 350 D Option D: Cannot be determined E Option E: None of these Correct answer D. Cannot be determined Show answer Open question
Question 04 / Simple Interest What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? A Option A: 1 : 3 B Option B: 1 : 4 C Option C: 2 : 3 D Option D: Data inadequate E Option E: None of these Correct answer C. 2 : 3 Show answer Open question
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