Question : Find the Simple Interest on INR 27,000 at $14 \frac{2}{3}$% per annum for 8 months.
Option 1: INR 2,600
Option 2: INR 2,630
Option 3: INR 2,610
Option 4: INR 2,640
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Correct Answer: INR 2,640
Solution : Given: Principal = INR 27,000 Rate of interest = $14 \frac{2}{3}$% Time period = 8 months = $\frac{8}{12}=\frac{2}{3}$ year. Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ = $\frac{27000×\frac{44}{3}×\frac{2}{3}}{100}$ = 60 × 44 = INR 2,640. Hence, the correct answer is INR 2,640.
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Question : A certain sum amounts to INR 3,640 in 2 years and INR 4,060 in 8 years at simple interest. Find the approximate rate percentage per annum.
Option 1: 4%
Option 2: 2%
Option 3: 1%
Option 4: 3%
Question : The interest earned on INR 21,000 in 3 years at Simple Interest is INR 6,400. What is the rate of interest per annum?
Option 1: $10\frac{5}{63} \%$
Option 2: $10\frac{2}{63} \%$
Option 3: $10\frac{13}{63} \%$
Option 4: $10\frac{10}{63} \%$
Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple interest per annum is:
Option 1: INR 8000
Option 2: INR 4000
Option 3: INR 6000
Option 4: INR 5000
Question : The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is INR 13,500 less than the principal. Find the simple interest.
Option 1: INR 13,500
Option 2: INR 54,000
Option 3: INR 40,000
Option 4: INR 40,500
Question : A sum triple itself in 9 years at simple interest. Find the rate of interest per annum.
Option 1: $38 \frac{2}{9}$%
Option 2: $33 \frac{1}{3}$%
Option 3: $27 \frac{1}{9}$%
Option 4: $22 \frac{2}{9}$%
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