**Q1. A sum of Rs. 4000 is lent for 5 years at the rate of 15% per annum. Find the interest.**

(a) 3000

(b) 2000

(c) 1000

(d) None of these

**Q2. A sum of money becomes 6 times in 20 years at S.I. find the rate of interest.**

(a) 20%

(b) 15%

(c) 16%

(d) 25%

**Q3. In what time does a sum of money become four times at the simple interest rate of 10% per annum?**

(a) 30 years

(b) 25 years

(c) 35 years

(d) 40 years

**Q4. Ashok borrowed some money at the rate of 6% per annum for the first two years, at the rate of 9% per annum for the next three years and at the rate of 14% per annum for the period beyond five years. If he pays a total interest of 11400 at the end of 9 years. How much money did he borrow?**

(a) 16000

(b) 14000

(c) 18000

(d) 12000

**Q5. What principal will amount to 560 in 3 years at 4 percent per annum simple interest?**

(a) 540

(b) 500

(c) 550

(d) 560

**Q6. A man wants to invest Rs. 3900 in account of his two sons who are 14 years and 16 years old in such a way that they will get equal amount at the time of attaining the age 18 years. If rate of interest per annum is 10% then find the amount he deposit in account of his younger son?**

(a) 1500

(b) 1200

(c) 1900

(d) 1800

**Q7. A certain sum of money amounts of 5000 in five years at 10% per annum. In how many years will it amount to 6000 at the same rate?**

(a) 8 years

(b) 6 years

(c) 10years

(d) 9 years

**Q8. A man had 2000, part of which he lent at 5% and the rest at 4% the whole annual interest was 92. How much did he lent at 5%**

(a) 1200

(b) 800

(c) 700

(d) 1300

**Q9. A sum of money becomes five times at the simple interest rate of 8% per annum. At what % will it become seven fold at same time.**

(a) 6%

(b) 10%

(c) 12%

(d) 14%

**Q10. If Rahim deposited the same amount of Rs. x in a bank at the beginning of successive 3 years and the bank pays compound interest at 5% per annum, then the amount at his credit at the end of 3rd year will be?**

(a) 861x/400

(b) 1261x/400

(c) 21x/20

(d) 26481x/8000

**Q11. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly at compound interest.**

(a) 6.06%

(b) 6.07%

(c) 6.08%

(d) 6.09%

**Q12. If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then we have:**

(a) x^2=xy

(b) xyz = 1

(c) x^2=y^2

(d) y^2=zx

**Q13. At certain rate of simple interest Rs. 1600 amounted to Rs. 1840 in 5 years. If the rate of interest be decreased by 3%, what will be the amount after 5 years?**

(a) 1720

(b) 1680

(c) 1600

(d) Not possible

**Q14. The difference between the interest received from two different banks on 450 for 4 years is Rs. 18. Find the difference between their rates?**

(a) 2%

(b) 1%

(c) 1.5%

(d) 3%

**Q15. A sum of money lent out at simple interest amounts to Rs. 460 in 3 years while in 5 years it amount to Rs. 500. Find the rate of interest?**

(a) 6%

(b) 5%

(c) 4%

(d) 3%

**SOLUTIONS**