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Directions: Study the following questins carefully and choose the right answer:

  • 1.
    A sum of Rs. 880 becomes Rs. 1557.60 in 7 years. What is the rate of interest per annum ?
    A. 9% B. 10%
    C. 11% D. 12%
    E. 13%

  • 2.
    If the total amount of simple interest on a sum of money at the rate of 8% per annum in 4 years is ₹ 571.20, then what is the principal ?
    A. ₹ 1725 B. ₹ 1745
    C. ₹ 1765 D. ₹ 1785
    E. ₹ 1825

  • 3.
    Pinky invested an amount of ₹ 24500 at the rate of 9% per annum. After how many years will she get a simple interest of ₹ 37485 ?
    A. 13 years B. 15 years
    C. 17 years D. 19 years
    E. None of these

  • 4.
    What would be the simple interest accrued in four years on a principal of ₹ 18,440 at the rate of 15 pcpa ?
    A. ₹ 11,075 B. ₹ 12,250
    C. ₹ 11,500 D. ₹ 12,985
    E. None of these

  • 5.
    What would be the simple interest obtained on a principal of ₹ 11050 after six years at the rate of 5% per annum ?
    A. ₹ 3320 B. ₹ 3315
    C. ₹ 3300 D. ₹ 3350
    E. None of these