Simple Interest

A sum becomes its double in 10 years. Find the annual rate of simple interest. A. 8% B. 5% C. 10% D. 20% Answer: Option C Show Answer Solution(By Apex Team) Let Sum be Rs. x and Let S.I. = Rs. x Time = 10...

A sum of Rs. 3000 yields an interest of Rs. 1080 at 12% per annum simple interest in how many years ? A. 4 years B. 3 years C. 5 years D. $2 frac{1}{2}$ years Answer: Option B Show Answer Solution(By Apex Team) By...

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6% simple interest per annum ? A. 7...

If a sum of money double itself in 8 years, then the interest rate in percentage is ? A. $8 frac{1}{2} %$ B. $10 %$ C. $10 frac{1}{2} %$ D. $12 frac{1}{2} %$ Answer: Option D Show Answer Solution(By Apex Team) Money is double...

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the...

Find the amount to be received after 2 years 6 months at the rate of 5% p.a. of simple interest on a sum of Rs. 3200. A. Rs. 3800 B. Rs. 3500 C. Rs. 3600 D. Rs. 3900 Answer: Option C Show...

A man invested 1/3 of his capital at 7%, 1/4 at 8% and the remainder at 10%. If his annual income is Rs. 561, the capital is? A. Rs. 5400 B. Rs. 6000 C. Rs. 6600 D. Rs. 7200 Answer: Option C...