Question : Money was lent on simple interest. After 12 years, its simple interest becomes $\frac{3}{5}$ of the money. Find the rate of interest.

Option 1: 4% p.a.

Option 2: 2% p.a.

Option 3: 5% p.a.

Option 4: 3% p.a.

Question : The simple interest on an amount for 6 years at 4% p.a. is 7,500 less than the simple interest on the same amount for 11 years. Find the amount (in Rs.).

Option 1: 38,000

Option 2: 37,500

Option 3: 37,000

Option 4: 38,500

Question : A person lent a certain sum of money at the annual rate of 25 percent on simple interest. In 6 years the interest amounted to Rs. 360 more than the sum lent. What is the sum lent?

Option 1: Rs. 600

Option 2: Rs. 360

Option 3: Rs. 720

Option 4: Rs. 540

Question : The time required for a sum of money to amount to three times itself at 8% simple interest p.a. will be:

Option 1: 35 years

Option 2: 25 years

Option 3: 30 years

Option 4: 20 years

Question : If the amount obtained by A by investing INR 9,100 for three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five years at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in INR) is:

Option 1: 8,450

Option 2: 7,800

Option 3: 8,540

Option 4: 7,605