Question : In how many years will a sum of Rs. 9,500 amount to Rs. 11,780 at the rate of 8% per annum at simple interest?
Option 1: 3
Option 2: 2
Option 3: 4
Option 4: 5
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Correct Answer: 3
Solution : Total amount = Rs. 11,780 Principal sum = Rs. 9,500 Simple Interest = 11,780 – 9,500 = Rs. 2,280 Rate = 8% Let $n$ be the time. We know, Simple Interest =$\frac{\text{Principal×Rate×Time}}{100}$ $⇒2280 = \frac{9500×8×n}{100}$ $\therefore n= 3$ years Hence, the correct answer is 3.
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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 : In how many years will a sum of Rs. 3000 yield an interest of Rs.1080 at 12% per annum simple interest?
Option 1: $4$ years
Option 2: $3$ years
Option 3: $5$ years
Option 4: $2\frac{1}{2}$ years
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 5 years, the simple interest on an amount of Rs. $\mathrm{X}$ is $\frac{2}{5}$th of the principal. The rate of interest per annum is:
Option 1: 12%
Option 2: 8%
Option 3: 10%
Option 4: 5%
Question : The sum of money that will yield Rs. 60 as simple interest at a rate of 6% per annum in 5 years is:
Option 1: Rs. 200
Option 2: Rs. 225
Option 3: Rs. 175
Option 4: Rs. 300
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