## Ques 1.

A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60. more had it been invested at 2% higher rate. What was the sum

(a) Rs 1500

(b) Rs 1300

(c) Rs 2500

(d) Rs 1000

**Ans 1.**Since SI si directly proportional to Rate of interest 2 % higher rate fetched Rs. 60 more

It means this sum will give SI of Rs. 60

If invested at 2% rate for 2 years

## Ques 2.

The difference between simple and compound interest on a sum of money at 5% per annum is Rs .25 .What is the sum ?'

(a) Rs 5000

(b) Rs 10,000

(c) Rs. 4000

(d) Data insufficient

**Ans 2.**It cannot be determined

## Ques 3.

Two equal sums were borrowed at 8% simple interest per annum for 2 years and 3 years respectively.The difference on the interest was Rs 56.The sum borrowed were

(a) Rs . 690

(b) Rs . 700

(c) Rs. 740

(d) Rs 780

**Ans 3.**

## Ques 4.

If the difference between the simple interest and compound interest on some prinicpal amount at 20% per annum for 3 years in Rs 48,then the principle amount must be

(a) Rs. 550

(b) Rs. 500

(c) Rs. 375

(d) Rs. 400

**Ans 4.**

## Ques 5.

Raju lent Rs. 400 to Ajay for 2 years, and Rs. 100 to Manoj for 4 Years and received together form both Rs. 60 as interest .Find the rate of interest, if simple interest is being calculated.

(a) 5 %

(b) 6 %

(c) 8%

(d) 9 %

**Ans 5.**

## Ques 6.

In what time will Rs 8000 amount to 40,000 at 4% per annum ? ( simple interest being reckoned )

(a) 100 years

(b) 50 years

(c) 110 years

(d) 160 years

**Ans 6.**

## Ques 7.

A sum of money becomes 4 times at simple interest i 10 years.What is the rate of interest?

(a) 10%

(b) 20 %

(c) 30%

(d) 40%

**Ans 7.**

## Ques 8.

A sum of money placed at compound interest doubles itself in 3 years .In how many years will it amount to 8 times itself?

(a) 9 years

(b) 8 years

(c) 27 years

(d) 7 years

**Ans 8.**

## Ques 9.

Divide Rs 6000 into two parts so that simple interest on the first part for 2 years at 6 % p.a. may be equal to the simple interest on the second part for 3 years at 8% p.a.

(a) Rs. 4000, Rs 2000

(b) Rs. 5000. Rs 1000

(c) Rs. 3000, Rs 3000

(d) None of these

**Ans 9.**

## Ques 10

A sum of money becomes 7/4 of itself in 6 years at a certain rate of simple interest. Find the rate of interest.

(a) 12%

(b) 12.5%

(c) 8%

(d) 14%

**Ans 10.**

## Ques 11.

Sanjay borrowed Rs.900 at 4 % p.a. and Rs 1100 at 5% p.a. for the same duration.He had to pay Rs. 364 in all as interest .What is the time period in years?

(a) 5 Years

(b) 3 Years

(c) 2 years

(d) 4 years

**Ans 11.**

## Ques 12.

A sum of Rs. 600 amounts to Rs. 720 in 4 years at simple Interest. What will it amount to if the rate of interest in increased by 2 % ?

(a) Rs. 648

(b) Rs. 768

(c) Rs. 726

(d) Rs. 792

**Ans 12.**

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