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BASIC CIRCLE
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SIMPLE INTEREST

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1. Find the simple interest on Rs. 12,000 for 5. Calculate simple interest on Rs. 16,000 at
2 years at 10% p.a. the rate of interest 10% p.a. for 219 days.
(Consider it as a non–leap year.)
(a) Rs. 8400
(b) Rs. 2000 (a) Rs. 720
(c) Rs. 7500 (b) Rs. 800
(c) Rs. 640
(d) Rs. 2400
(d) Rs. 360
(e) Rs. 6500
(e) Rs. 960
2. Simple interest received on a certain sum
6. If the simple interest on a certain sum of
at 12% p.a. for 3 years is Rs. 216. Find the money for 2 years at the rate of 10% is Rs.
sum. 1000 less than its principal, find the sum
(a) Rs. 1000 and simple interest (in Rs.).
(b) Rs. 600 (a) 4000, 150
(c) Rs. 750 (b) 4500, 200
(d) Rs. 840 (c) 1250, 250
(e) Rs. 650 (d) 3700, 120
(e) 100, 160
3. The simple interest received on Rs. 2400
at the end of 4 years is Rs. 800. Find the 7. If a certain sum amounts to Rs. 2000 in 4
years and to Rs. 2400 in 6 years at simple
rate of interest per annum.
interest, find the principal and the rate of
(a) 20% interest.
(b) 8.33%
(a) Rs. 1500, 10%
(c) 25% (b) Rs. 1000, 16%
(d) 14% (c) Rs. 2000, 30%
(e) 10% (d) Rs. 1200, 16.66%
(e) Rs. 1300, 10%
4. In how many years simple interest
received on Rs. 15,000 becomes Rs. 6000 at 8. Vetri lent Rs. 2400 to Ganesh for 3 years
20% p.a. rate of interest? and Rs. 3200 to Rakesh for 4 years and
received from both Rs. 1000 as interest.
(a) 5 years
Find the rate of interest.
(b) 3 years
(c) 2 years (a) 5%
(b) 16%
(d) 4 years
(c) 18%
(e) 6 years
(d) 20%

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(e) 10% (e) Rs. 6200

9. Find the amount when simple interest 12. If the annual rate of interest increases
earned on a sum for 4 years at the rate of from 17% to 20%, then how much extra
15% per annum is Rs. 600. interest will be received on the sum of Rs.
(a) Rs. 1540 3600 in 6 years?
(b) Rs. 1300 (a) Rs. 500
(c) Rs. 1500 (b) Rs. 648
(d) Rs. 1340 (c) Rs. 480
(e) Rs. 1600 (d) Rs. 720
(e) Rs. 560
10. If a certain sum of money invested for a
certain time period amounts to Rs. 1000 at 13. If the rate of interest increases from
5% p.a. and it amounts to Rs. 800 at 3% 12% p.a. to 17% p.a., simple interest
p.a., then find the time period. received would increase by Rs. 200 in 5
(a) 9 years years, then find the principal or sum.
(b) 10 years (a) Rs. 910
(c) 25 years (b) Rs. 850
(d) 20 years (c) Rs. 720
(e) 8 years (d) Rs. 680
(e) Rs. 800
11. The rate of simple interest on a certain
sum of money for first 2 years is 7% p.a., for 14. A certain sum of money becomes three
next 4 years is 9% p.a. and for the period times of itself in 8 years on simple interest.
beyond 6 years is 10% p.a. If the simple In what time will it be 10 times of itself?
interest earned by the sum is Rs. 2400 in 9
(a) 27 years
years, find the sum.
(b) 50 years
(a) Rs. 4500 (c) 15 years
(b) Rs. 5000 (d) 30 years
(c) Rs. 3600 (e) 36 years
(d) Rs. 3000

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15. If a certain sum of money becomes 6 19) Ratio of rates of simple interest for
times of itself in 10 years, in how much time schemes P and Q is 13:4 and the ratio of
will it be 26 times of itself? sums invested in schemes P and Q is 24:39.
(a) 35 years If interest earned is same for both the
(b) 30 years schemes, then find the ratio of investment
(c) 50 years period.
(d) 25 years (a) 15:7
(e) 40 years (b) 2:7
(c) 16:5
16. If the invested sum and time in schemes
A and B is same, and the rates are 12% and (d) 2:1
26% per annum, respectively, then find the (e) 13:5
ratio between the simple interest earned.
20) Ram invests some money in three
(a) 4:5 different schemes for 3 years, 5 years and 9
(b) 6:13 years at 4%, 5% and 7% simple interest,
(c) 6:23 respectively. At the completion of each
(d) 16:25 scheme, he gets the same interest. The
(e) 5:9 ratio of his investments is ____.

17. The interest received on certain sum is (a) [Link]

1/4 of principal in 20 years at a certain rate (b) [Link]
of simple interest. Find the rate of interest. (c) [Link]
(a) 3.5% (d) [Link]
(b) 10% (e) [Link]
(c) 8%
21. Ram borrowed Rs. 2000 at 5% p.a.
(d) 1.25%
simple interest for 4 years from Vetri. Ram
(e) 6%
lent that money at 25% p.a. for 2 years.
18. In how many years would the ratio After 2 years he lent the total amount at 5%
between principal and amount be 12:17 at p.a. for 2 years. Find the profit earned by
25% p.a. rate of simple interest? Ram.
(a) 5/3 years (a) Rs. 400
(b) 18 years (b) Rs. 800
(c) 32/11 years (c) Rs. 900
(d) 20 years (d) Rs. 700
(e) 25 years (e) Rs. 600

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22. A person deposits a certain sum in two 25. Ram invested Rs. 1150 in three parts in
parts in such a way that the interest such a way that the SI on first part at 5%
received on first part at 12% in 16 years is p.a. for 7 years is equal to the SI on second
equal to the interest received on second part at 6% p.a. for 5 years is equal to the SI
part at 24% in 36 years. If the difference on third part at 15% p.a. for 6 years. Find
between amount deposited is Rs. 14,000, the simple interest of each part.
then find the total sum invested. (a) Rs. 171
(a) Rs. 28,000 (b) Rs. 157.5
(b) Rs. 35,000 (c) Rs. 320.5
(d) Rs. 187
(c) Rs. 50,000
(e) Rs. 336.5
(d) Rs. 22,000
(e) Rs. 60,000 26. Ram invests Rs. 1,00,000 as fixed
deposit at a bank at a rate of 20% per
23. Ram invested Rs. 6700 in three parts in
annum simple interest. But he has to
such a way that the simple interest (SI) on
withdraw the entire money after 2 years,
first part at 5% p.a. for 2 years is equal to
for which the bank allowed him a lower rate
the SI on second part at 4% p.a. for 3 years of interest. If he gets Rs. 50,000 less than
is equal to the SI on third part at 5% p.a. for what he would have got at the end of 4
5 years. Find the simple interest of each years, the rate of interest allowed by the
part. bank is ____.
(a) Rs. 171 (a) 14%
(b) Rs. 156 (b) 19%
(c) Rs. 300 (c) 17%
(d) Rs. 187 (d) 18%
(e) Rs. 192 (e) 15%

24. A person deposits a certain sum in two 27. A temple collects Rs. 1,200,000 for
parts in such a way that the interest Kumbh mela. The trustees invest the money
received on first part at 30% in 25 years is at 10% p.a. and pay the temple a sum of Rs.
equal to the interest received on second 90,000 for maintenance at the end of each
part at 45% in 15 years. If the difference year. The expense of trust comes out to be
between the amounts deposited is Rs. Rs. 10,000 p.a. Find the amount that will be
120,000, then find the total sum invested. handed over to the temple after 7 years.

(a) Rs. 3,728,000 (a) Rs. 1,340,000

(b) Rs. 1,540,000
(b) Rs. 1,835,000
(c) Rs. 1,400,000
(c) Rs. 12,350,000
(d) Rs. 1,250,000
(d) Rs. 1,276,000
(e) Rs. 1,040,000
(e) Rs. 2,280,000

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28. A man invested Rs. 49,600 in the bank 31. The rate of simple interest on a certain
account for his two daughters whose ages sum of money for first 3 years is 4% p.a., for
are 13 years and 15 years in such a way that next 4 years is 12% p.a. and for the period
they will get equal amount at the age of 18 beyond 7 years is 10% p.a. If the simple
years. Find the share of the elder girl, if the interest earned by the sum is Rs. 9000 in 10
rate of interest is 6% p.a. years, find the sum.
(a) Rs. 31,000 (a) Rs. 4500
(b) Rs. 27,600 (b) Rs. 5000
(c) Rs. 29,250 (c) Rs. 3600
(d) Rs. 24,500
(d) Rs. 4750
(e) Rs. 25,200
(e) Rs. 10,000

29. An NGO collects Rs. 400,000 for

32. If the annual rate of interest increases
services. The NGO invests the money at
from 18% to 24%, then how much extra
13% p.a. The expense of NGO comes out to
interest will be received on the sum of Rs.
be Rs. 50,000 p.a. Find the amount that will
7200 in 5 years?
be in hand after 2 years with the NGO.
(a) Rs. 2400
(a) Rs. 520,000
(b) Rs. 2600
(b) Rs. 500,000
(c) Rs. 2480
(c) Rs. 404,000
(d) Rs. 2420
(d) Rs. 425,000
(e) Rs. 450,000 (e) Rs. 2160

30. A man invested Rs. 31,200 in the SSY for 33. If the rate of interest increases from 7%

his two daughters whose ages are 12 years p.a. to 13% p.a, simple interest received

and 14 years in such a way that they will get would increase by Rs. 1080 in 6 years. Then
equal amount at the age of 20 years. Find find the amount.
the share of the younger girl, if the rate of (a) Rs. 2500
interest is 8% p.a. (b) Rs. 1800
(a) Rs. 14,800 (c) Rs. 1000
(b) Rs. 15,760 (d) Rs. 3000
(c) Rs. 16,621 (e) Rs. 2000
(d) Rs. 18,450
(e) Rs. 16,400

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34. Bala borrowed Rs. 4000 at 15% p.a. 37. A certain sum of money becomes four
simple interest for 5 years from Pooja. Bala times of itself in 12 years on simple interest.
lent that money at 30% p.a. for 3 years.
In what time will it be 17 times of itself?
After 3 years he lent the total amount at
10% p.a. for 2 years. Find the profit earned (a) 62 years
by Bala. (b) 54 years
(a) Rs. 2120 (c) 50 years
(b) Rs. 1780 (d) 56 years
(c) Rs. 1540
(e) 64 years
(d) Rs. 2280
(e) Rs. 2410 38. If a certain sum of money becomes five

35. A person deposits a certain sum in two times of itself in 10 years, in how much time
parts in such a way that the interest will it be 23 times of itself?
received on first part at 14% in 15 years is
(a) 35 years
equal to the interest received on second
part at 21% in 42 years. If the difference (b) 30 years
between the amounts deposited is Rs. (c) 55 years
16,000, then find the total sum invested. (d) 25 years
(a) Rs. 26,000 (e) 40 years
(b) Rs. 35,000
(c) Rs. 16,000 39. If the invested sum and time in schemes
(d) Rs. 20,000 A and B is same, and the rates are 18% and
(e) Rs. 40,000 27% per annum, respectively, then find the

36. A invested Rs. 9300 in three parts in ratio between the simple interest earned.
such a way that the SI on first part at 12% (a) 2:3
p.a. for 3 years is equal to the SI on second
(b) 6:13
part at 10% p.a. for 4 years is equal to the SI
on third part at 15% p.a. for 2 years. Find (c) 7:3
the simple interest of each part. (d) 16:25

(a) Rs. 1040 (e) 5:9

(b) Rs. 1020
(c) Rs. 1060
(d) Rs. 1080 40. The interest received on certain sum is
(e) Rs. 1120 1/12 of principal in 25 years at a certain

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rate of simple interest. Find the rate of

interest.

(a) 0.33%
(b) 0.10%
(c) 0.8%
(d) 1.25%
(e) 0.66%

Answer Key

1. (d) 2. (b) 3. (b) 4. (c) 5. (e)

6. (c) 7. (d) 8. (a) 9. (e) 10. (d)
11. (d) 12. (b) 13. (e) 14. (e) 15. (c)
16. (b) 17. (d) 18. (a) 19. (d) 20. (e)
21. (c) 22. (d) 23. (c) 24. (e) 25. (b
26. (e) 27. (c) 28. (a) 29. (c) 30. (a)
31. (e) 32. (e) 33. (d) 34. (a) 35. (a)
36. (d) 37. (e) 38. (c) 39. (a) 40. (a)

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