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
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Correct Answer: Rs. 720
Solution : Let the sum be Rs. $x$. Simple interest = $x+360$ We know that, Simple interest = $\frac{\text{Principal × rate × time}}{100}$ ⇒ $x+360 = \frac{x \times 25 \times 6}{100}$ ⇒ $2x+720 = 3x$ $\therefore x=720$ Hence, the correct answer is Rs. 720.
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Question : A person lent a certain sum of money at the annual rate of 7% on simple interest and the interest received in 11 years is Rs. 920 less than the sum lent. What is the sum lent?
Option 1: Rs. 41200
Option 2: Rs. 4000
Option 3: Rs. 52000
Option 4: Rs. 2400
Question : The simple interest received on a sum is $\frac{25}{36}$ of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of interest?
Option 1: 9.25 percent
Option 2: 10.25 percent
Option 3: 6.62 percent
Option 4: 8.33 percent
Question : A sum of Rs. 4,000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352, the sum lent at 8% is:
Option 1: Rs. 2,900
Option 2: Rs. 2,200
Option 3: Rs. 2,400
Option 4: Rs. 3,100
Question : A certain sum of money amounts to Rs. 918 in 2 years and Rs. 969 in 3.5 years at simple interest. What is the rate of interest (in percent per year)?
Option 1: 4
Option 2: 5
Option 3: 6
Option 4: 8
Question : A person lent Rs. 23000 to B for 3 years and Rs.19000 to C for 4 years on simple interest at the same rate of interest and received Rs. 3625 in all from both of them as interest. What is the annual rate of interest?
Option 1: 1.5%
Option 2: 3%
Option 3: 2.5%
Option 4: 4%
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