Question : When will INR 3,720 amount to INR 5,282.4 at 12% simple interest per annum?
Option 1: $3$ years
Option 2: $3 \frac{1}{2}$ years
Option 3: $5 \frac{1}{2}$ years
Option 4: $5$ years
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Correct Answer: $3 \frac{1}{2}$ years
Solution : Given: Principal = INR 3,720 Rate = 12% Simple Interest = (5,282.4 – 3720) = 1,562.4 Let the required time be $x$ years. Simple Interest=$\frac{\text{Principal × Rate × Time}}{100}$ ⇒ $1562.4=\frac{3720×12×x}{100}$ So, the required time is $3 \frac{1}{2}$ years. Hence, the correct answer is $3 \frac{1}{2}$ years.
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Question : In what time will INR 10,000 at 4% per annum, produce the same interest as INR 8,000 does in 4 years at 5% Simple Interest?
Option 1: 5 years
Option 2: 3 years
Option 3: 4 years
Option 4: 6 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 : The rate of simple interest for which INR 9,000 will amount to INR 10,200 in 4 years is:
Option 1: $4\frac{2}{3}\%$
Option 2: $7\frac{1}{3}\%$
Option 3: $5\frac{1}{2}\%$
Option 4: $3\frac{1}{3}\%$
Question : The interest earned on INR 21,000 in 3 years at Simple Interest is INR 6,400. What is the rate of interest per annum?
Option 1: $10\frac{5}{63} \%$
Option 2: $10\frac{2}{63} \%$
Option 3: $10\frac{13}{63} \%$
Option 4: $10\frac{10}{63} \%$
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
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