Question : What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?
Option 1: 8 : 21
Option 2: 21 : 5
Option 3: 5 : 21
Option 4: 21 : 8
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Correct Answer: 8 : 21
Solution : Simple interest is directly proportional to the time given that the principal amount and rate of interest are the same. So, required ratio = 8 : 21 Hence, the correct answer is 8 : 21.
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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
Question : The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Option 1: Rs. 520
Option 2: Rs. 550
Option 3: Rs. 500
Option 4: Rs. 515
Question : The simple interest on a sum of money is $\frac{8}{25}$ of the sum. If the number of years is numerically half of the rate percent per annum, then the rate percent per annum is:
Option 1: $5$%
Option 2: $8$%
Option 3: $6\frac{1}{4}$%
Option 4: $4$%
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 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
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