1) Ravi paid ₨.9600 as interest on a loan he took 5 years ago at 16% rate of simpie interest.What was the amount he took as a loan ?  a) Rs.16400Rs. b) Rs.12000 c) Rs.12500 d) Rs.18000 e)   2) Annu invested RS.50000 in a bank for 2 years.She invested Rs.30000 in another bank for 4 years.At the end, she received Rs.22000 from both the banks as simpie interest.What must have been the rate of interest ?   a) 10% b) 12%where  c) 5% d) 11% 3) Garima invested some money in a bank at rate of 6% per annum.At simple interest,after 9years,she got Rs.8470.How much did she invest? a) Rs.5250 b) Rs.6550 c) Rs.6400 d) Rs.5500 4) A businessman borrowed some money from his friend at simple interest of 9% per annum.He returned the friend Rs.15600.After how much time did the businessman return the money if he borrowed Rs.12000? a) 8Years  b) 5Years c) 2.5Years d) 3.5Years 5) In 4Years,the simple interest on certain sum of money is 9/25 of the principle.The annual rate of interest is  a) 4% b) 4.5% c) 9% d) 10% 6) A man got Rs.130 less on simple interest,when he invested Rs.2000 for 4Years as compared to investing Rs.2250 for same duration.What is the rate of interest? a) 12% b) 10.5% c) 10% d) 13% 7) How much should be the equal annual amount to pay off a debt of Rs.6500 for 6Years at 9% per annum rate of interest. a) 10010 b) 7088 c) 9580 d) 10100 8) Which offer is better A)If Rs.5000 is deposited for 2Years at 6% or B)Rs.4000 deposited for 3Years at 5% rate? a) (A)is better b) (B)both are same c) (B) d) None of these 9) If Karim deposited Rs.6500 at 5% per annum rate.After 2Years he withdraws the money to buy a bike for Rs.75000.How much more money does he need? a) Rs.5500 b) Rs.5000 c) Rs.3500 d) Rs.3000 10) Gaurav earns Rs.2400 for Rs.20000 in 5Years at some interest rate of simple interest.Had he invested in another place where rate of interest is 3% more than the current rate,how much would have he got in same time? a) Rs.25000 b) Rs.26000 c) Rs.30000 d) Rs.27000

Simple Interest

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