## 1. Find the total Simple Interest on Rs.500 at 7% per annum on 700 at 10% per annum and on 1000 at 4% per annum for 3 years.

- A. 435 -Ans
- B. 500
- C. 700
- D. 1000

## 2. Find the approximate simple interest on Rs.2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.

- A. Rs 43
- B. Rs 37
- C. Rs 33 -Ans
- D. Rs 40

## 3. What sum will produce the same interest in 9 years at the rate 8% simple interest as Rs. 800 produce in 3 years at 9/2% per annum?

- A. Rs. 100
- B. Rs. 125
- C. Rs. 150 -Ans
- D. Rs. 110

## 4. A sum of money (P) doubles in 10 years. How much would it be in 20 years at the same rate of simple interest?

- A. P
- B. 2P
- C. 3P -Ans
- D. 4P

## 5. A sumn of money of Rs. 1000 is lent out in two parts in such a way that the interest on one part at 10% per amum for 5 years is equal to another at 5% for 10 years. Calculate the sum lent out at 5%.

- A Rs. 500 -Ans
- B. Rs. 800
- C. Rs. 1000
- D. Rs. 1200

## 6. What is the ratio of simple interest earned on certain amount at the rate of 12% p. a. for 9 years and that for 12 years?

- A. 1:2
- B. 2:3
- C. 3:4-Ans
- D. 4:5

## 7. Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

- A. Rs. 35
- B. Rs. 40
- C. Rs. 25
- D. Rs. 30 -Ans

## 8. Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.

- A. 45
- B. 32 -Ans
- C.57
- D. 84

## 9. The maturity value after three years, of a certain sum at 15% p.a. simple interest, is Rs. 8,700/-. Find the principal amount.

- A. Rs. 5,000
- B. Rs. 6,000 -Ans
- C. Rs. 5,500
- D. Rs. 6,500

## 10. Ms. Kavitha borrowed Rs.950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

- A. 282
- B. 1187
- C. 1178 -Ans
- D. 228

## 11. Mr. Ibrahim borrowed Rs.7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is.

- A 768.75
- B. 8268.75 -Ans
- C. 8286.75
- D. 786.75

## 12. Mr. Yashwanth invested money in FD. How much will he get on maturity, if Rs.10000 is invested at 20% per annum compound interest for 6 months, compounded quarterly?

- A. 11025.25
- B. 11025 -Ans
- C. 11025.75
- D. 11025.5

## 13. Ms. Alina borrowed Rs. 650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

- A. Rs. 165
- B. Rs. 860
- C. Rs. 806 -Ans
- D. Rs. 156

## 14. How long will a sum of money take to double, if it is invested at 9.09% p.a. simple interest?

- A. 12 years
- B. 14 years
- C. 11 years -Ans
- D. 13 years

## 15. At what percentage simple interest per annum a certain sum will double in 10 years?

- A. 7%
- B. 8%
- C. 9%
- D. 10% -Ans

## 16. What is the difference between the maturity values, if Rs. 12,500 is invested for 2 years at 20% per annum simple interest and compound interest?

- A. Rs. 750
- B. Rs. 650
- C. Rs. 550
- D. Rs. 500 -Ans