Simple Interest Formula with Example for SSC and Banking Exams
A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?
(A) 20%
(B) 25 %
(C) 30 %
(D) $$ 33{1\over3}\%$$
Correct Answer : C
₹ 500 was invested at 12 % per annum simple interest and another certain sum of money invested at 10 % per annum simple interest . If the total interest on both the sum after 4 years is 480, the latter sum of money is
(A) ₹ 450
(B) ₹ 550
(C) ₹ 750
(D) ₹ 600
Correct Answer : D
What is the difference between the interest of Ram and Shyam in the given picture if Ram's money is on simple interest and Shyam's money is on compound interest.
(A) 735.905
(B) 745.904
(C) 735.904
(D) 740.905
Correct Answer : B
If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?
(A) Rs. 1500
(B) Rs. 1800
(C) Rs. 2000
(D) Rs. 2250
Correct Answer : C
If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?
(A) Rs. 12560
(B) Rs. 12960
(C) Rs. 13500
(D) Rs. 14500
Correct Answer : B
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