Question : The monthly income of Mr. Roy is Rs.18,000. He took a loan of Rs.30,000 on simple interest for 3 years at the rate of 5% per annum. The amount that he will be paying as a simple interest in 3 years is what percentage of his monthly salary?

Option 1: 30%

Option 2: 35%

Option 3: 20%

Option 4: 25%

Question : A sum becomes Rs.15,500 in 7 years on simple interest at the rate of 30 percent per annum. What is the total interest for the 7 years?

Option 1: Rs. 12,200

Option 2: Rs. 1,47,000

Option 3: Rs. 10,500

Option 4: Rs. 11,500

Question : A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to another person at the same rate of simple interest. If he receives Rs.160 as interest, what is the rate of interest per annum?

Option 1: 5%

Option 2: 7%

Option 3: 9%

Option 4: 10%

Question : In how much time will a sum of Rs. 5250 amount to Rs. 9870 at the rate of 11% per annum at simple interest?

Option 1: 8 years

Option 2: 14 years

Option 3: 12 years

Option 4: 15 years

Question : In how much time will a sum of Rs. 10200 amount to Rs. 19125 at the rate of 12.5% per annum at simple interest?

Option 1: 6 years

Option 2: 5 years

Option 3: 8 years

Option 4: 7 years

Question : The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is:

Option 1: 6%

Option 2: 7%

Option 3: 8%

Option 4: 9%