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
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Correct Answer: 20
Solution : Given: The Simple interest for 5 years is equal to 25% of the principal. So, the simple interest becomes 25% of the principal in 5 years. Since Simple interest is directly proportional to the principal, $\therefore$ It will become 100% of the principal in $(\frac{5}{25}×100)=20$ years Hence, the correct answer is 20.
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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
Question : When will INR 3,720 amount to INR 5,282.4 at 12% simple interest per annum?
Option 1: $3$ years
Option 2: $3 \frac{1}{2}$ years
Option 3: $5 \frac{1}{2}$ years
Option 4: $5$ years
Question : In what time will INR 10,000 at 4% per annum, produce the same interest as INR 8,000 does in 4 years at 5% Simple Interest?
Option 1: 5 years
Option 2: 3 years
Option 3: 4 years
Option 4: 6 years
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 : 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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