Question : Anuradha invests her money in a firm where the principal amount becomes 3 times in 10 years. What is the yearly rate of simple interest offered by the firm?
Option 1: 25%
Option 2: 20%
Option 3: 22%
Option 4: 18%
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Correct Answer: 20%
Solution : Let $P$ be the principal and $R$ be the rate of interest. Total amount = $3P$ Simple interest, SI = $3P-P$ = $2P$ Term, $n$ = 10 years Now, SI = $\frac{PnR}{100}$ ⇒ $2P$ = $\frac{P×10×R}{100}$ So, $R$ = 20% Hence, the correct answer is 20%.
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Question : If the simple interest for 5 years is equal to 25% of the principal, then the interest will be equal to the principal after _______ years.
Option 1: 20
Option 2: 30
Option 3: 25
Option 4: 22
Question : The rate at which a sum becomes four times itself in 12 years, at simple interest, will be:
Option 1: 20%
Option 2: 25%
Option 3: 35%
Option 4: 30%
Question : If Rs. 8,500 becomes Rs. 11,050 in 6 years at a certain rate of simple interest, and the rate then becomes 1.8 times higher, what will be the amount after 5 years on the same principal?
Option 1: Rs. 15,625
Option 2: Rs. 14,350
Option 3: Rs. 13,550
Option 4: Rs. 12,325
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 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
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