Question : Sum INR 20,000 and INR 40,000 are given on simple interest at the rate of 10% and 15% per annum respectively for three years. What will be the total simple interest?
Option 1: INR 36,000
Option 2: INR 24,000
Option 3: INR 32,000
Option 4: INR 28,000
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Correct Answer: INR 24,000
Solution : Given: Sum INR 20,000 and INR 40,000 are given on simple interest at the rate of 10 percent and 15 percent per annum respectively for three years. We know the formula, $SI=\frac{P\times R\times T}{100}$ where $SI$, $P$, $R$, and $T$ are the simple interest, principal, rate, and time. SI for the rate of 10% is, ⇒ $SI=\frac{20000\times10\times3}{100}=$ INR 6,000 SI for the rate of 15% is, ⇒ $SI=\frac{40000\times15\times3}{100}=$ INR 18,000 The total simple interest = INR 6,000 + INR 18,000 = INR 24,000. Hence, the correct answer is INR 24,000.
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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 : What will be the simple interest on a sum of INR 12,000 at the rate of 15 percent per annum for three years?
Option 1: INR 7,200
Option 2: INR 6,000
Option 3: INR 5,400
Option 4: INR 4,500
Question : What sum will give Rs. 244 as the difference between simple interest and compound interest at 10% in $1\frac{1}{2}$ years compounded half-yearly?
Option 1: Rs. 40,000
Option 2: Rs. 36,000
Option 3: Rs. 32,000
Option 4: Rs. 28,000
Question : The compound interest (compounding annually) on a certain sum at the rate of 8% per annum for two years is INR 6,656. What would be the simple interest on the same sum at the same rate of interest for two years?
Option 1: INR 5,600
Option 2: INR 6,224
Option 3: INR 6,400
Option 4: INR 6,336
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