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Simple Interest
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Simple Interest
All Questions (Page: 1)
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All Questions (PDF)
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Study Material (PDF)
All Questions (PDF)
Self Assesment
Sort As
Serial Number
Newly Added
Language
English
Bengali
Click on each question to see answer & solution.
Question No: #1
A bank pays simple interest at the rate of 5% per annum. In that bank Mukesh Babu deposited Rs 15,000 in the beginning of the year, after 3 months he withdrew Rs 3000 and after another three months of withdrawal he again deposited Rs 8000. Determine how much money Mukesh Babu will receive with interest at the end of that year.
Ans: Rs 20,837.50
SEE SOLUTION
Question No: #2
At what rate of simple interest per annum will a principal double in 16⅔ years?
Ans: 6%
SEE SOLUTION
Question No: #3
Find the capital and annual simple interest if a capital yields Rs. 7100 in 7 years and Rs. 6200 in 4 years at the same annual percentage rate.
Ans: Rs. 5000, 6%
SEE SOLUTION
Question No: #4
A person borrows Rs 20,000 at 15% simple interest per annum while building a house and borrows Rs 15,000 from the cooperative society at 12% simple interest per annum at the time of his daughter's marriage one year later. How much cash will the person have, if he repaid both loans with interest by getting a retirement gratuity of Rs.56,000 after three years of his daughter's marriage?
Ans: Rs. 3600
SEE SOLUTION
Question No: #5
A person deposits part of his savings in the bank and the rest in the post office. He would earn him 50 rupees more at the end of the year if he had kept all the money in the bank. If the annual simple interest rates in the bank and post office are 10% and 8% respectively, where did he keep the money? His savings amount was Rs.5700.
Ans: Post office = Rs. 2500, Bank = Rs. 3200
SEE SOLUTION
Question No: #6
If a capital doubles in 20 years, the annual simple interest rate -
(a) 5%, (b) 10%, (c) 15%, (d) 20%
Ans:
SEE SOLUTION
Question No: #7
As the annual simple interest rate of a bank fell from 5% to 4½%, the annual income of a person decreased by Rs.750. How much money did that person put in the bank?
Ans: Rs. 15,000
SEE SOLUTION
Question No: #8
If the total interest on a capital for `n` years at the rate of `r`% simple interest per annum is Rs. `\frac{Pnr}{25}`, then capital is -
(a) Rs. `2P`, (b) Rs. `4P`, (c) Rs. `P/2`, (d) Rs. `P/4`
Ans:
SEE SOLUTION
Question No: #9
If the monthly interest is Rs. 1 at the simple interest rate of 5% per annum, find the capital.
Ans: Rs. 240
SEE SOLUTION
Question No: #10
If the interest on a capital for `x` years at the rate of simple interest `x`% per annum is Rs. `x`, then the capital is -
(a) Rs. `x`, (b) Rs. `100x`, (c) Rs. `100/x`, (d) Rs. `100/x^2`
Ans:
SEE SOLUTION
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