Question : A certain sum (in INR) is invested at simple interest at y% per annum for $3 \frac{1}{2}$ years. Had it been invested at (y + 4)% per annum at simple interest, it would have fetched INR 4,452 more as interest. What is the sum?
Option 1: INR 42,400
Option 2: INR 31,800
Option 3: INR 30,400
Option 4: INR 42,800
Correct Answer: INR 31,800
Solution : Given: Time, $t\ = 3\tfrac{1}{2}$ years Original rate = $y\%$ New rate = $y\ +\ 4\%$ Let the principal be INR $x$. According to the question, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ $\Rightarrow \frac{x\ \times (y\ +\ 4\ -\ y)\times 7}{100\ \times 2} = 4452$ $\Rightarrow \frac{x\ \times 4\times 7}{100\ \times 2} = 4452$ $\Rightarrow x\ = \frac{4452\times 2\times 100}{4\times 7}$ $\Rightarrow x\ = 31800$ Hence, the correct answer is INR 31,800.
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Question : Peter invested a certain sum of money in a scheme paying 10% simple interest per annum, while Rachel invested half of the sum that Peter invested in a scheme paying 10% interest per annum compounded annually. Also, while Peter invested for 2 years, Rachel invested for 3 years. If the difference in the interest earned by Peter and Rachel was INR 897, what was the sum that Rachel had invested?
Option 1: INR 13,000
Option 2: INR 12,900
Option 3: INR 13,100
Option 4: INR 12,960
Question : The compound interest on a certain sum invested for 2 years at 10% per annum is INR 1,522.50, the interest being compounded yearly. The sum is:
Option 1: INR 7,250
Option 2: INR 7,200
Option 3: INR 7,500
Option 4: INR 7,000
Question : A person invested a sum of INR 10,500 at $x$% per annum at simple interest and a sum of INR 13,500 at $(x + 2)$% p.a. at simple interest. If the total interest earned on both investments for 3 years is INR 7,650, then the rate of interest on the first investment is:
Option 1: 8%
Option 2: 8.5%
Option 3: 9%
Option 4: 9.5%
Question : A sum amounts to INR 7,656 in 4 years and to INR 8,120 in 5 years at a certain simple interest rate percent per annum. The rate of interest is:
Option 1: 4%
Option 2: 3%
Option 3: 7%
Option 4: 8%
Question : Sudeep invested $\frac{1}{8}$th of a certain sum at 5% p.a. for two years and $\frac{3}{5}$th of the sum at 6% p.a. for two years and the remaining at 10% p.a. for two years. If the total interest received is INR 1,674, then the total sum invested is:
Option 2: INR 12,000
Option 3: INR 10,500
Option 4: INR 12,500
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