Simple Interest Practice SetsSynergy Exam Study Material PDF Compilation – TME / Engine Cadet – Click Here Set 1 Simple Interest - Part 1 1. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum? Rs. 8925 Rs. 8032.50 Rs. 4462.50 Rs. 8900 None 2. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? 4 years 3.5 years 5 years 4.5 years None 3. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: Rs. 690 Rs. 700 Rs. 650 Rs. 698 None 4. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? Rs. 6400 Rs. 7500 Rs. 6500 Rs. 7200 None 5. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? Cannot be determined 18 3.6 6 None Time's upSet 2 Simple Interest – Part 2 1. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? 3% 6% 5% 4% None 2. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was: Rs. 15,000 Rs. 10,000 Rs. 2000 Rs. 20,000 None 3. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is: 9% 10% 5% 7% None Time's up SHARE THIS POST Facebook Twitter Pinterest LinkedIn Telegram WhatsApp
