51. If there is a total of 104 weekly installments and a third deposit, find the interest charged

A. 237.55
B. 337
C. 443
D. 334

52. A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

A. 9%
B. 10%
C. 11%
D. 12%

53. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

A. 5%
B. 8%
C. 12%
D. 15%

54. A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.

A. Rs.4000
B. Rs.9000
C. Rs.5000
D. Rs.6000

55. A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

A. 12.25%
B. 12%
C. 6%
D. 13.75%

56. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

A. Rs.3100
B. Rs.2700
C. Rs.2200
D. Rs.1800

57. What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.

A. 11/3%
B. 14/3%
C. 12%
D. 14%

58. How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A. 65 years
B. 56 years
C. 45 years
D. 57 years

59. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?

A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698

60. You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate

A. 6%
B. 5%
C. 7%
D. 8%

Leave a Reply