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Questions on simple interest
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An automobile financier claims to be lending money at the simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes
A lends Rs.2500 to B and a certain sum to C at the same time at 7% per annum simple interest. If after 4 years, A altogether receives Rs.1120 as interest from B and C, then the sum lent to C is:
Rs.7500 is to be paid in 3 years at 5% C.I. in equal annual Installments. Find the amount of each installment.
A sum is lent at C.I. for 2 years at 10%. It will yield Rs.500 more when the interest is received half â€“ yearly. Find the sum lent.
Mr. Mani invested an amount of Rs.12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 14% per annum. Find the total amount invested.
Nitin borrowed some money at the rate of 6% per annum for the first three years, 9% per annum for the next five years and 13% per annum for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs.8160, how much money did he borrow?
A certain sum in invested for T years. It amounts to Rs.400 at 10% per annum. But when invested at 4% per annum, it amounts to Rs.200. Find the time (T).
The interest on a certain deposit at 4.5% per annum is Rs.202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% per annum
A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs.354. Onefourth of the first sum is equal to onefifth of the second sum. The total sum invested was
Divide Rs.2379 into 3 parts so that their amount after 2,3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is:
Mr. Thomas invested an amount of Rs.13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs.3508, what was the amount invested in scheme B?
David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs.3200 and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240% of the amount invested in Scheme B, what was the amount invested in Scheme B?
A sum of Rs.2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another at 9% for 6 years. The sum lent out at 10% is :
Mr.Prakash borrowed a sum of Rs.10000 from a finance company for 6 years at 8% per annum. The amount returned by Mr.Prakash to the finance company is
Peter invested an amount of Rs. 12,000 at the rate of 10 p.c.p.a Â simple interest and another amount at the rate of 20 p.c.pa simple interest. The total interest earned at the end of one year on the total amount invested became 14 p.c.p.a. Find the total amount invested
A sum of Rs.7700 is to be divided among three brothers vikas, Vijay and Viraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. The Share of Vikas is more than that of Viraj by
If simple interest on a certain sum of money is Rs.256 and the rate of interest per annum equals the number of years, then the rate of interest is
A sum at Simple Interest amounts to Rs.1000 in 2 years and Rs.4000 in 5 years. Find the sum and rate of interest.
A sum of money is lent at S.I for 8 years. If the same amount is paid at 5% higher, Ramesh would have got Rs.100 more. Find the Principal.