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SIMPLE INTEREST
1. Ms. Sandhya deposits an amount of ` 31,400 to obtain a (a) ` 716 (b) ` 724 (c) ` 824
simple interest at the rate of 12 per cent per annum for 8 (d) ` 816 (e) None of these
years. What total amount will Ms. Sandhya get at the end 8. What total amount would Mithilesh get at the end of three
of 8 years? years if he invests an amount of ` 11200 in a scheme, which
(a) ` 31,444 (b) ` 61,544 (c) ` 41,544 offers simple interest 8.5% per annum for three years ?
(d) ` 31,144 (e) None of these (a) ` 14056 (b) ` 14348 (c) ` 13852
2. Mr. Deepak invested an amount of ` 21,250 for 6 years. At (d) ` 15064 (e) None of these
what rate of simple interest will he obtain the total amount 9. A sum of Rs. 2600 is lent out in two parts in such a way that
of ` 26,350 at the end of 6 years? the interest on one part at 10% for 5 years is equal to that on
(a) 6 % p.a (b) 5 % p.a (c) 8 % p.a the other part at 9% for 6 years. The sum lent out at 10% is
(d) 12 % p.a (e) None of these ________ .
3. Asmita invests an amount of ` 9535 at the rate of 4 per cent (a) 1250 (b) 1350 (c) 1450
per annum to obtain a total amount of ` 11442 on simple (d) 1550 (e) 1650
interest after a certain period. For how many year did she 10. At a certain rate of simple interest, a certain sum doubles
invest the amount to obtain the total sum? itself in 10 years. It will treble itself in years ________ .
(a) 10 years (b) 2 years (c) 5 years (a) 10 (b) 20 (c) 25
(d) 4 years (e) None of these (d) 30 (e) 45
4. Girish invested a certain amount at the rate of 8% p.a. for 6 11. A sum of money at simple interest amounts to ` 600 in 4 years
year to obtain an amount of ` 28,046. How much amount and ` 650 in 6 years. Find the rate of interest per annum.
did Girish obtain as simple interest? (a) 3% (b) 5% (c) 9%
(a) `12,550 (b) `9,096 (c) `18,950 (d) 10% (e) 15%
(d) Cannot be determined 12. A person lent at certain sum of money at 4% simple interest;
(e) None of these and in 8 years the interest amounted to ` 340 less than the
5. Mr. Anuraag Awasthi deposits an amount of ` 56500 to sum lent. Find the sum lent.
obtain a simple interest at the rate of 12% p.a. for 3 years. (a) 500 (b) 600 (c) 1000
What total amount will Mr. Anuraag Awasthi get at the end (d) 1500 (e) 1700
of 3 year ? 1
(a) `75680 (b) `77540 (c) `76840 13. In what time will ` 72 become ` 81 at 6 % p.a. simple interest?
4
(d) `73420 (e) None of these (a) 1 year 6 months (b) 2 years (c) 1 years
6. Veena obtained an amount of ` 8, 376/- as simple interest 1
on a certain amount at 8% p.a. after 6 years. What is the (d) 2
years (e) None of these
amount invested by Veena? 2
(a) ` 17,180 (b) ` 18,110 (c) ` 16,660 14. A sum of money lent out at simple interest amounts to
(d) ` 17,450 (e) None of these ` 1008 in 2 years and ` 1164 in 3½ years. Find the rate % p.a.
7. The simple interest accrued on a sum of certain principal is 1
` 2000 in five years at the rate of 4% per annum. What (a) 13% (b) 14% (c) 12 %
2
would be the compound interest accrued on same principal
at same rate in two years ? (d) 15% (e) None of these

1. a b c d e 2. a b c d e 3. a b c d e 4. a b c d e 5. a b c d e
RESPONSE 6. a b c d e 7. a b c d e 8. a b c d e 9. a b c d e 10. a b c d e

GRID 11. a b c d e 12. a b c d e 13. a b c d e 14. a b c d e 15. a b c d e

2
15. A sum of money lent out at simple interest amounts to ` 720 (a) 1 : 3 (b) 1 : 4 (c) 2 : 3
after 2 years and to ` 1,020 after a further period of 5 years. (d) Data inadequate (e) None of these
Find the sum and the rate %. 24. Nitin borrowed some money at the rate of 6% p.a. for the
(a) ` 500, 10% (b) ` 600, 10% (c) ` 500, first three years, 9% p.a. for the next five years and 13% p.a.
12% (d) ` 600, 12% (e) None of for the period beyond eight years If the total interest paid by
these him at the end of eleven years is ` 8160, how much money
16. On retirement, a person gets 1.53 lakhs of his provident fund did he borrow?
which he invests in a scheme at 20% p.a. His monthly income (a) ` 8000 (b) ` 10,000 (c) ` 12,000
from this scheme will be (d) Data inadequate (e) None of these
(a) ` 2, 450 (b) ` 2,500 (c) ` 2, 550 25. An automobile financier claims to be lending money at simple
(d) ` 2, 600 (e) None of these interest, but he includes the interest every six months for
17. A sum was put at simple interest at a certain rate for 4 years calculating the principal. If he is charging an interest of 10%,
Had it been put at 2% higher rate, it would have fetched ` 56 the effective rate of interest becomes :
more. Find the sum. (a) 10% (b) 10.25% (c) 10.5%
(a) ` 500 (b) ` 600 (c) ` 700 (d) Data inadequate (e) None of these
(d) ` 800 (e) None of these 26. A lent ` 5000 to B for 2 years and ` 3000 to C for 4 years on
18. The simple interest on ` 200 for 7 months at 5 paise per simple interest at the same rate of interest and received
rupee per month is ` 2200 in all from both of them as interest. The rate of interest
(a) ` 70 (b) ` 7 (c) ` 35 per annum is:
(d) ` 30.50 (e) None of these 1
19. A father left a will of ` 68,000 to be divided between his two (a) 5% (b) 7% (c) 7 %
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sons aged 10 years and 12 years such that they may get
equal amount when each attains the age of 18 years If the (d) 10% (e) None of these
money is reckoned at 10% p.a., find how much each gets at 27. The rates of simple interest in two banks A and B are in the
the time of the will. ratio 5 : 4. A person wants to deposit his total savings in two
(a) ` 30,000, ` 38,000 (b) ` 28,000, ` 40,000 banks in such a way that he received equal half-yearly
(c) ` 32,000, ` 36,000 (d) cannot be determined. interest from both. He should deposit the savings in banks
(e) None of these A and B in the ratio.
20. In how many minimum number of complete years, the interest (a) 2 : 5 (b) 4 : 5 (c) 5 : 2
on ` 212.50 P at 3% per annum will be in exact number of (d) 5 : 4 (e) None of these
rupees? 28. If a certain sum of money becomes double at simple interest
(a) 6 (b) 8 (c) 9 in 12 years, what would be the rate of interest per annum ?
(d) 7 (e) None of these 1
(a) 8 (b) 10 (c) 12
21. What annual instalment will discharge a debt of ` 4,200 due 3
in 5 years at 10% simple interest? (d) 14 (e) None of these
(a) ` 500 per year (b) ` 600 per year 29. Two equal sums were borrowed at 8% simple interest per
(c) ` 700 per year (d) ` 800 per year annum for 2 years and 3 years, respectively. The difference
(e) None of these in the interests was Rs 56. The difference in the interests
22. A certain amount earns simple interest of ` 1750 after 7 years was Rs 56. The sum borrowed were :
Had the interest been 2% more, how much more interest (a) Rs 690 (b) Rs 700 (c) Rs 740
would it have earned? (d) Rs 780 (e) None of these
(a) ` 35 (b) ` 245 (c) ` 350 30. How much interest will Rs 10,000 earn in 9 months at an
(d) Cannot be determined annual rate of 6 percent ?
(e) None of these (a) Rs 450 (b) Rs 460 (c) Rs 475
23. What will be the ratio of simple interest earned by certain (d) Rs 600 (e) None of these
amount at the same rate of interest for 6 years and that for
9 years?

16. a b c d e 17. a b c d e 18. a b c d e 19. a b c d e 20. a b c d e

RESPONSE 21. a b c d e 22. a b c d e 23. a b c d e 24. a b c d e 25. a b c d e
GRID 26. a b c d e 27. a b c d e 28. a b c d e 29. a b c d e 30. a b c d e
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HINTS & SOLUTIONS

P× R × T 11. (b) Suppose the rate of interest = r% and the sum = ` A
1. (b) Simple Interest =
100 A+ r´4
Now, A + = 600 ;
31400 ´ 8 ´ 12 100
=` 30144
100 Ar
\ Required amount = ` (31400 + 30144) or, A + = 600
25
= ` 61544
é r ù
(26350 - 21250) ´ 100 or, A ê1 + ú = 600 ...(1)
2. (e) Rate = ë 25 û
21250 ´ 6
A´ r ´ 6
510000 And, A + = 650 ;
100
= = 4%
127500 é 3r ù
3. (c) Let the required time = t years or, A ê1 + ú = 650 ...(2)
ë 50 û
Simple interest = (11442 – 9535) = `1907 Dividing (1) by (2), we have
P×T× R r
Simple = 1+
100 25 = 600 ; or, (25 + r ) ´ 2 12
=
9535 ´ 4 ´ t 3r 650 50 + 3r 13
1+
1907 = 50
100
(25 + r ) ´ 2 12
1907 ´ 100 or, =
\t= = 5 years 50 ´ 3r 13
9535 ´ 4 or, (50 + 2r) × 13 = (50 + 3r) × 12
4. (b) Let the principal be = `100 or, 650 + 26r = 600 + 36r; or, 10r = 50
\ Simple interest \ r = 5%
100 ´ 8 ´ 6 12. (a) Let the sum be ` x.
= = `48 x ´ 8 ´ 4 32 x
100 \ Interest = =
\ Amount (100 + 48) = `148 100 100
\ When the amount is = `148, the principal = `100 32 x 68 x
\ When amount = `28046, the principal x- =
100 100
100
= × 28046 = `18950 68 x
48 When interest is less, the sum is ` x.
100
\ Simple interest = (`28046 – 18950) = `9096
x
P×R×T \ when interest is 340 less, the sum is ´100 ´ 340 = ` 500
5. (c) Simple interest = 68x
100 13. (b) S. I. = 81 – 72 = ` 9
56500 × 3 × 12 9 ´100 ´ 4
= ` = 20340
100 \T= = 2 years
72 ´ 25
\ Required amount = ` (56500 + 20340) = `76840 14. (a) S.I. for 1½ years = ` (1164 – 1008) = ` 156
8376 ´ 100
6. (d) Amount invested = æ 156 ´ 2 ´ 2 ö
8´ 6 S. I. for 2 years = ` ç
3 ÷ = Rs 208
= ` 17450 è ø
P´ 4´ 5 \ Principal = ` (1008 – 208) = ` 800
7. (d) 2000 = Now , P = 800, T= 2, S.I. = 208
100
\ P = 10000
æ 100 ´ 208 ö
éæ 4 ö
2 ù \ Rate = ç ÷ % = 13%
Now, CI = 10000 êç1 + ÷ - 1ú = 10000 × 0.0816 = 816 è 800 ´ 2 ø
êëè 100 ø úû 15. (b) S.I. for 5 years = ` (1020 –720) = ` 300
1120 ´ 8.5 ´ 3 300
8. (a) Amount = 11200 + = 11200 + 2856 = 14056
100 SI. for 2 years = Rs ´ 2 = Rs 120
9. (b) Ratio of two parts = r2 t2 : r1 t1 = 54 : 50 = 27 : 25
5
\ Principal = ` (720 – 120) = ` 600
2600
\ Sum lent out at 10% = ´ 27 = ` 1350 Now, P = 600, T = 2, S.I. = 120
52
10. (d) It dobles in 10 yrs. 120 ´100
Then trebles in 20 yrs. \R= = 10%
600 ´ 2
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22. (d) We need to know the S.I., principal and time to find the
1.53 ´105 ´ 20 rate. Since the principal is not given, so data is
16. (b) Let S.I. = ` x = = `2500.
100 inadequate.
23. (c) Let the principal be P and rate of interest be R%.
17. (c) Difference in S.I. = P ´ T (R1 - R 2 )
100 éæ P´ R ´6 öù
ê ç 100 ÷ ú 6PR 6
è øú =
P´4´2 \ Required ratio = ê = = 2 : 3.
Þ 56 = (Q R1 – R2 = 2) ê æ P ´ R ´ 9 ö ú 9PR 9
100 ê çè 100 ÷ø ú
ë û
56 ´ 100 24. (a) Let the sum be ` x. Then,
Þ P= = ` 700
4´ 2
æ x ´ 6 ´ 3 ö æ x ´ 9 ´ 5 ö æ x ´ 13 ´ 3 ö
18. (a) Q Rate = 5 paise per rupee = 5% ç 100 ÷ + ç 100 ÷ + ç 100 ÷ = 8160
è ø è ø è ø
200 ´ 5 ´ 7 Þ 18 x + 45x + 39x = (8160 × 100) Þ102x = 816000
\ S.I. = = ` 70 Þx = 8000.
100
25. (b) Let the sum be ` 100. Then,
19. (c) Let one gets = ` x
then, second gets = ` (68,000 – x) æ 100 ´ 10 ´ 1ö
S.I. for first 6 months = ` ç = Rs. `
Given : A1 = A2 è 100 ´ 2 ÷ø

x ´10 ´ 8 (68000 - x) ´10 ´ 6 æ 105 ´ 10 ´ 1ö

S.I. for last 6 months = ` ç =` 5.25.
x+
100
= (68, 000 - x) +
100 è 100 ´ 2 ÷ø
So, amount at the end of 1 year = ` (100 + 5 + 5.25)
Þ x[100 + 80] = (68, 000 - x)[100 + 60] = ` 110.25.
\ Effective rate = ` (110.25 – 100) = 10.25%.
180x 26. (d) Let the rate be R% p.a. Then,
Þ = 68, 000 – x
160 æ 5000 ´ R ´ 2 ö æ 3000 ´ R ´ 4 ö
ç ÷+ç ÷ = 2200
Þ 34x = 68000 ´16 Þ x = Rs32,000 è 100 ø è 100 ø
\ second gets = ` 36,000 æ 2200 ö
Þ 100R + 120R = 2200 Þ R = ç ÷ = 10.
3 51 è 220 ø
20. (b) Interest for one year = ` 212.50 ´ ´1 = ` 27. (b) Let the savings be X and Y and the rates of simple
100 8
interest be 5x and 4x respectively.
Thus in 8 years, the interest is ` 51.
1 1 1 1 X 4
21. (c) Shortcut method : Then, X ´ 5x ´ ´ = Y ´ 4x ´ ´ or = ,
If borrowed amount be ` M and it is to be paid in equal 2 100 2 100 Y 5
instalments, then i.e., X : Y = 4 : 5.
28. (a) Let the principal be P, then amount after 12 years = 2P
ra n(n - 1) Þ SI = (2 P - P ) = P
M = na + ´
100 ´ Y 2 P´r´t P ´ r ´ 12
where Y = no. of instalments per annum Now, I = ÞP=
100 100
a = annual instalment
100 25 1
Here, M = 4200, y = 1, r = 10, n = 5, a = ? or r = = =8 %
12 3 3
10a 5(5 - 1) 29. (b) Let the sum be Rs x
4200 = 5a + ´
100 2 x ´ 8 ´ (3 - 2)
Now, 56 = Þ x = Rs 700
Þ 4200 = a [5 + 1] Þ 6a = 4200 100

Þ a = ` 700 30. (a) SI = 10, 000 ´ 6 ´ 9 = Rs 450

12 ´ 100