Question : Suman paid INR 9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
Option 1: INR 13,250
Option 2: INR 12,500
Option 3: INR 12,000
Option 4: INR 11,750
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Correct Answer: INR 12,000
Solution : Let the principal be $\text{x}$. We know, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ ⇒ $9600=\frac{\text{x × 16 × 5}}{100}$ ⇒ $\text{x}=\frac{\text{9600 × 100}}{\text{16 × 5}}$ ⇒ $\text{x}=12000$ Hence, the correct answer is INR 12000.
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Question : If the amount obtained by A by investing INR 9,100 for three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five years at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in INR) is:
Option 1: 8,450
Option 2: 7,800
Option 3: 8,540
Option 4: 7,605
Question : The simple interest on a certain sum for 3 years at 14% p.a. is INR 4,200 less than the simple interest on the same sum for 5 years at the same rate. Find the sum.
Option 1: INR 16,000
Option 2: INR 10,000
Option 3: INR 15,000
Option 4: INR 12,000
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 : INR 2,500, when invested for 8 years at a given rate of simple interest per year, amounted to INR 3,725 on maturity. What was the rate of simple interest that was paid per annum?
Option 1: 6%
Option 2: 6.125%
Option 3: 6.25%
Option 4: 5.875%
Question : A sum of INR 10,500 amounts to INR 13,650 in 2 years at a certain rate percent per annum simple interest. The same sum will amount to what in 1 year at the same rate if the interest is compounded half yearly (nearest to INR 1 )?
Option 1: INR 12,124
Option 2: INR 12,134
Option 3: INR 12,143
Option 4: INR 12,314
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