Ans . C
Q.2. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
Q.3. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
(A) Rs. 35
(B) Rs. 245
(C) Rs. 350
(D) Cannot be determined
(E) None of these
Q.4. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Q.5. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6p.a for 2 years. Find his gain in the transaction per year.
(A) Rs. 112.50
(B) Rs. 125
(C) Rs. 150
(D) Rs. 167.50
Q.6. In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
Q.7. 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:
Q.8. At what rate percent per annum will a sum of money double in 8 years.
Q.9. What percentage of simple interest per annum did Ram pay to Shivam?
I. Ram borrowed Rs. 8000 from Shivam for four years.
II. Ram returned Rs. 8800 to Shivam at the end of two years and settled the loan.
(A) I alone sufficient while II alone not sufficient to answer
(B) II alone sufficient while I alone not sufficient to answer
(C) Either I or II alone sufficient to answer
(D) Both I and II are not sufficient to answer
(E) Both I and II are necessary to answer
Q.10. What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
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