Simple Interest Question Solving Part 2 posted on 4th April 2015

Question 1. A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 4 months. Find the rate of interest per annum.

Question 2. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

Question 3. A man took a loan from a bank at the rate of 12% per annum simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principle amount borrowed by him was ?

Question 4. What is the present worth of Rs. 132 due in 2 years at 5 percent simple interest per annum ?

Question 5. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 percent per annum in 5 years. What is the sum ?

Question 6. The simple interest at x percent for x years will be Rs. x on a sum of ?

Question 7. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 percent, what will Rs. 800 become in 3 years ?

Question 8. A certain amount earns a simple interest of Rs. 1750 after 7 years. Had the interest been 2 percent more, how much more interest it would have earned?

Question 9. In how many years, Rs. 150 will produce the same interest @8 percent as Rs. 800 produce in 3 years @4.5 percent ?

Question 10. If Rs. 64 amounts to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate percent per annum?