Question : Sashi took a loan of Rs. 700 on simple interest for as many years as the rate of interest per annum. If he paid Rs. 343 as interest at the end of the loan period, what was the rate of interest?

Option 1: 6%

Option 2: 4%

Option 3: 10%

Option 4: 7%

Question : Rohan borrows a certain sum at simple interest. The rate of interest is 3 percent per annum for the first 3 years, 4 percent per annum for the next 5 years, and 6 percent per annum for the next 7 years. If he paid Rs. 2485 as interest, then what is the sum borrowed?

Option 1: Rs. 2500

Option 2: Rs. 3500

Option 3: Rs. 4000

Option 4: Rs. 3600

Question : Rachit invests Rs. 12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests Rs. 12,000 for a 2-year period at the same rate of interest per annum as Rachit, but in Prasad's case, the interest is compounded annually. Find the rate of interest per annum if Prasad receives Rs. 172.80 more as interest than Rachit at the end of the 2-year period.

Option 1: 10%

Option 2: 8%

Option 3: 12%

Option 4: 5%

Question : A person deposited Rs. 500 for 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was:

Option 1: 4%

Option 2: 5%

Option 3: 2%

Option 4: 3%

Question : At a certain rate of simple interest per annum, a certain sum amounts to INR 24,000 in 7 years and to INR 32,000 in 12 years. What is the rate of simple interest paid per annum?

Option 1: 15%

Option 2: 25%

Option 3: 12.5%

Option 4: 20%

Question : The simple interest on a sum for 5 years is Rs. 7,590. The rate of interest for the first 3 years is 6 percent per annum and for the next 2 years is 14 percent per annum. What is the sum?

Option 1: Rs. 17,000

Option 2: Rs. 15,000

Option 3: Rs. 14,000

Option 4: Rs. 16,500