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% Simple Interest, SI = (3875 – 2500) = Rs.1375…
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%
If there is a total of 104 weekly instalments and a third deposit, find the interest charged A. 237.55 B. 337 C. 443 D. 334 Cash price = $3695 Deposit =1/3 of $3695 = $1231.67 Loan amount = $3695.00 −…
What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest? A. Rs.325 B. Rs.545 C. Rs.560 D. Rs.550
If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum? A. 6% B. 4%C. 8% D. 12%
How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest? A. 2 years B. 3 years C. 1 year D. 4 years P = Rs.900…
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:________? A. Rs.750 B. Rs.700 C. Rs.820 D. Rs.940
A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12%…
A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end…
A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum…