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%
Basic Mathematics
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%
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%
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
A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
A. 17.5 lakhs
B. 21 lakhs
C. 15 lakhs
D. 20 lakhs
An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?
A. 7401.22
B. 3456
C. 4567
D. 7890
The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is_________?
A. Rs.8
B. Rs.6
C. Rs.4
D. Rs.9
Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A. Rs. 6400
B. Rs. 6500
C. Rs. 7200
D. Rs. 7500
Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 – x).
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 lent to C is________?
A. Rs.2875
B. Rs.1885
C. Rs.2245
D. Rs.2615
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% p.a. What is the monthly installment?
A. $503
B. $504
C. $505
D. $506