Question : INR 2,500, when invested for 8 years at a given rate of simple interest per year, amounted to INR 3,725 on maturity. What was the rate of simple interest that was paid per annum?
Option 1: 6%
Option 2: 6.125%
Option 3: 6.25%
Option 4: 5.875%
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Correct Answer: 6.125%
Solution : Principal amount, $P$ = Rs. 2500 Final amount with interest = Rs. 3725 Time duration of investment, $T$ = 8 years Let the rate of interest be $R$%. We know that, Simple Interest = $\frac{P\times R\times T}{100}$ According to the simple interest formula, $\frac{2500\times R\times 8}{100}=3725-2500$ ⇒ $R=\frac{1225\times 100}{2500\times 8}$ ⇒ $R=6.125$% Hence, the correct answer is 6.125%.
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Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple interest per annum is:
Option 1: INR 8000
Option 2: INR 4000
Option 3: INR 6000
Option 4: INR 5000
Question : Monty paid a simple interest of INR 480 on a particular sum after 2 years. The rate was 8% per annum. Find the sum.
Option 1: INR 2200
Option 2: INR 2000
Option 3: INR 3000
Option 4: INR 2500
Question : The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is INR 13,500 less than the principal. Find the simple interest.
Option 1: INR 13,500
Option 2: INR 54,000
Option 3: INR 40,000
Option 4: INR 40,500
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 : A sum of money invested at a certain rate of simple interest per annum amounts to INR 14,522 in seven years and to INR 18,906 in eleven years. Find the sum invested (in INR).
Option 1: 6,850
Option 2: 6,900
Option 3: 6,800
Option 4: 6,750
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