Question : A sum was lent at simple interest at a certain rate of 2 years. Had it been lent at a 3% higher rate, it would have fetched Rs. 300 more. The original sum of money was:

Option 1: Rs. 5000

Option 2: Rs. 6000

Option 3: Rs. 7000

Option 4: Rs. 4000

Question : Simple interest on a sum for eight months at the rate of 8 percent per annum is Rs. 240. What is the value of the sum?

Option 1: Rs. 7500

Option 2: Rs. 6000

Option 3: Rs. 7200

Option 4: Rs. 4500

Question : In how many years will the simple interest on a sum of Rs. 6000 lent at 5% per annum be equal to the simple interest on a sum of Rs. 2000 lent for 30 years at 4% per annum?

Option 1: 6 years

Option 2: 12 years

Option 3: 20 years

Option 4: 8 years

Question : A sum of Rs. 500 becomes Rs. 580 at simple interest in 2 years. In how many years will the sum of Rs. 650 amounts to Rs. 858 at the same rate of simple interest?

Option 1: 4 years

Option 2: 8 years

Option 3: 5 years

Option 4: 6 years

Question : A sum of Rs. 11,500 amounts to Rs. 12,880 in 2 years at the rate of simple interest. What is the rate of interest?

Option 1: 6% per annum

Option 2: 4% per annum

Option 3: 8% per annum

Option 4: 10% per annum