SIMPLE INTEREST returning the money after 219 days.

How much
amount he has to return to B?
1. What will be the simple interest received on an (a) Rs 2200 (b) Rs 2080 (c) Rs 2088 (d) Rs 2,096
amount of Rs. 7340 after 5 years at the rate of
12% per annum? 13. The interest earned on Rs 21,000 in 3 years at
a) Rs.4404 b) Rs.4472 c) Rs.4538 d) Rs.4203 simple interest is Rs 6,400. What is the rate of
interest per annum?
2. 2,64,000 is invested for 3 years on an annual rate (a) 10⁵⁄₆₃% (b) 10¹³⁄₆₃% (c) 10²⁄₆₃% (d)
of interest of 8.25%. What will be the amount of 10¹⁰⁄₆₃%
interest?
(a) 65,340 (b) 21,780 (c) 87,120 (d) 43,560 14. A sum of Rs 30,000 becomes Rs 38,400 after being
invested at a simple interest of 8% per annum in
3. Find the simple interest of 8 months at 4% per how many years?
annum for 7200 rupees. (a) 3.5 (b) 2.5 (c) 4 (d) 3
(a) Rs. 180 (b) Rs. 216 (c) Rs. 192 (d) Rs. 240

4. Find a simple interest of ₹74,000 at 18⅔% per

annum for a period of 8 months? USE OF PERCENTAGE
(a) ₹ 9,486.32 (b) ₹ 8,956.74 (c) ₹ 8,458.96 (d) ₹
9,208.88 1. A person lent a certain sum of money at the
annual rate of 7 percent on simple interest and the
5. A man took a loan from a bank at the rate of 11% interest received in 11 years is Rs. 920 less than
p.a. simple interest. After three years, he had to the sum lent. What is the sum lent?
pay Rs 9,570 interest only for the period. The (a) Rs. 41200 (b) Rs. 4000 (c) Rs. 52000 (d) Rs.
principal amount borrowed by him was: 2400
(a) 27,685 (b) 26,545 (c) 25,000 (d) 29,000
2. The simple interest on a certain sum for 3 years at
6. If the simple interest on a certain sum of money is 14% p.a. is Rs 4,200 less than the simple interest
Rs. 7480 at the rate of 18⅓% per annum for 4 on the same sum for 5 years at the same rate. Find
years 3 months. Then find the principal? the sum.
(a) Rs. 8400 (b) Rs. 7200 (c) Rs. 9600 (d) Rs. 9000 (a) Rs 16,000 (b) Rs 10,000 (c) Rs 15,000 (d) Rs
12,000
7. Balbir took a loan at the rate of 10% per annum
simple interest. After 4 years, he returned it with 3. Equal sums of money are lent to X and Y at 7.5%
interest. If he returned a total of Rs. 7000, what per annum for a period of 4 years and 5 years
was the principal? respectively. If the difference in interest paid by
(a) Rs. 5000 (b) Rs. 4500 (c) Rs. 6000 (d) Rs. 6500 them was ₹150, the sum lent is:
(a) ₹ 500 (b) ₹ 1000 (c) ₹ 2000 (d) ₹3000
8. A borrowed a loan from B at 8% simple interest
for 2 years and repaid the loan with interest 4. If the simple interest on a certain sum of money
totaling ₹ 1,91,864. The amount of loan taken by A borrowed for 4 years at 9.5% per annum exceeds
is: the simple interest on the same sum for 3 years at
(a) ₹ 1,68,920 (b) ₹ 1,66,540 (c) ₹ 1,64,492 (d) ₹ 12.5% per annum by Rs 225, then the sum
1,65,400 borrowed is:
A) 42,000 B) 48,000 C) 35000 D) 45,000
9. The sum lent at 5% per annum (365 days) simple
interest, that produces interest of ₹ 2.00 per day, 5. When two equal amounts are deposited for 5
is: years and 3 years at the rate of 7% and 9% per
(a) ₹ 1,400 (b) ₹ 14,700 (c) ₹ 14,600 (d) ₹7,300 annum respectively, the difference of their simple
interest is Rs 475. Then find the deposited
10. If the simple interest on 1 ₹ for 1 month is 1 paisa, amount?
then the rate percent per annum will be: A) 5,837.5 B) 5,937.5 C) 5,992.5 D) 6.037.5
(a) 10% (b) 8% (c) 12% (d) 6%
6. A borrows a sum of Rs. 90,000 for 4 years at 5%
11. A borrows a sum of Rs 1000 from his friend B on simple interest. He lends it to B at 7% for 4 years
31 December 2015 on the condition that he will at simple interest. What is his gain (in Rs.)?
return the same after one year with simple A) 8000 B) 7200 C) 7500 D) 8000
interest at 12%. However, A gets into a position of
returning the money on 1 May 2016. How much 7. The amount on a certain sum of money in 6 years
amount he has to return to B? at the rate of interest 7½% p.a. is Rs 11,600. What
(a) Rs 1,331.5 (b) Rs 1,045 (c) Rs 1,120 (d) Rs will be the amount on the same sum at 10% p.a.
1,040 for 6 years?
A) 12400 B) 12600 C) 12200 D) 12800
12. A borrows a sum of Rs 2000 from his friend B on
31 December 2007 on the condition that he will 8. A certain sum amounts to 12096 at 8% p.a. in 5½
return the same after one year with simple years at simple interest. What will be the simple
interest at 8%. However, A gets into a position of
 interest on the same sum at 10% p.a. in 8 years? on the same sum for 7 years at the same rate, is Rs.
A) 6770 B) 6810 C) 6680 D) 6720 2205, then find the rate of interest?
(a) 9% (b) 8% (c) 6% (d) 7%
9. The amount received on a sum invested at 8% per
annum simple interest for 3½ years exceeds the 8. A person deposits Rs 500 for 2 years, Rs 600 for 5
simple interest on the same sum at the same rate years and Rs 1000 for 6 years at the same rate of
for 15 years by Rs 600. What will be the amount simple interest. If he earns a simple interest of Rs.
(in Rs) of the same sum in 5½ years at double the 1000, then what is the rate of interest per year?
same rate at simple interest? (a) 15% (b) 5% (c) 10% (d) 20%
A) 13800 B) 14000 C) 14100 D) 14080
9. A person lent Rs. 12,000 to B for 3 years and Rs.
10. If the simple interest on Rs. 28000 at some rate for 10,000 to C for 4 years on simple interest at the
three years is Rs. 225 more than the simple same rate of interest and received Rs. 6,080 in all
interest on Rs. 27000 at the same rate for 3 years, from both of them as interest. What is the annual
then what will be the simple interest on Rs. 35500 rate of interest?
for 2⅗ years at the same rate? (a) 15 percent (b) 8 percent (c) 11 percent (d) 5
(a) Rs 6966.50 (b) Rs 6922.50 (c) Rs 6953.00 (d) percent
Rs 6723.50
10. A person lent Rs. 23000 to B for 3 years and Rs.
19000 to C for 4 years on simple interest at the
same rate interest and received Rs. 3625 in all
PRT% from both of them as interest. What is the annual
1. The rate of simple interest on a sum of money is rate of interest?
5% p.a. for the first 4 years, 8% p.a. for the next 3 (a) 1.5 percent (b) 3 percent (c) 2.5 percent (d) 4
years and 10% p.a. for the period beyond 7 years. percent
If the simple interest accrued by the sum over a 11. A person deposits Rs. 400 for 3 years, Rs. 300 for 6
period of 10 years is ₹1,850, then the sum is: years and Rs. 1300 for 4 years at the same rate of
(a) ₹1,650 (b) ₹1,500 (c) ₹2,750 (d) ₹2,500 simple interest if he receives a simple interest of
2. A certain sum is lent at 4% p.a for 3 years, 8% p.a Rs. 1230, then the rate of interest per year is?
for next 4 years and 12% p.a beyond 7 years. If for (a) 15% (b) 5% (c) 10% (d) 20%
a period of 11 years the simple interest obtained 12. A man deposited Rs. 400 for 2 years, Rs. 550 for 4
is ₹27,600, then the sum is (in ₹): years and Rs. 1200 for 6 years. If He received the
(a) 27,000 (b) 25,000 (c) 30,000 (d) 32,000 total simple interest of Rs. 1020. Find the rate of
3. The rate of simple interest for the first two years is interest per annum.
8% p.a, for the next 4 years, it is 10% p.a. And for (a) 30% (b) 40% (c) 10% (d) 20%
the period beyond 6 years, it is 12% p.a. If a 13. A person borrowed Rs.1,200 at 8% p.a. and
person gets 18358.60 as simple interest after 9 Rs.1,800 at 10% p.a. as simple interest for the
years, then how much money (in rupee) did he same period. He had to pay Rs.1,380 in all as
invest? interest. Find the time period.
(a) 21075 (b) 20087 (c) 19674 (d) 19955 (a) 4 years (b) 10 years (c) 6 years (d) 5 years
4. The rate of interest for the first 2 years is 6% p.a, 14. A man invested Rs. 2,400 at 5% and Rs.5,400 at
for next 3 years is 10% p.a, and for the period 9% simple interest. What amount (in Rs.) will he
beyond 5 years is 12% p.a. If a person gets get from his investments after 6 years?
₹12,771 as simple interest after 7 years, then how (a) 45,600 (b) 31,200 (c) 83,136 (d) 11,436
much money did he invest?
(a) ₹19,450 (b) ₹19,350 (c)₹19,300 (d)₹20,000

5. The rate of S.I. on a certain sum of money is 6.5% RATE INCREASE/DECREASE

per annum for first four years, 9% per annum for
next 7 years, and 10% per annum for the period 1. A person invests a certain sum of money at a
beyond 11 years. If the Amount received at the certain rate of interest for 4 years. If the rate of
end of 19 years is Rs 43040. Find the Sum. interest was 5% less, then he got ₹ 400 less. Find
(a) 14,000 (b) 16,000 (c) 20,000 (d) 18,000 the sum.
(a)₹ 4000 (b) ₹ 2000 (c) ₹ 1000 (d) ₹ 3000
6. If the total simple interest on a sum of Rs. 1400 for
4 years at rate of interest x% per annum and on 2. A person invests a certain sum of money at a
the same sum for 2 years at the same rate, is Rs. certain rate of interest for 6 years. If the rate of
672, then the value of x is: interest was 4% p.a. more then he got ₹ 960 more,
(a) 9% (b) 8% (c) 6% (d) 10% then find the sum.
(a)₹ 1000 (b) ₹ 6000 (c) ₹ 4000 (d) ₹7000
7. If the total simple interest on a sum of Rs. 1750 for
11 years at certain rate of interest per annum and 3. Due to the annual rate of simple interest
increasing from 6.5% to 8%, the annual income of
 a person increases by Rs 40.50. What is the the second investment is:
principal? (a) 11% (b) 10.5% (c) 13% (d) 12.5%
(a) Rs. 2500 (b) Rs. 2700 (c) Rs. 3000 (d) Rs. 3500

4. A moneylender came to know that his annual

income has decreased by Rs 56, when the rate of CHANGE IN AMOUNT
interest is 4% to 3¾%. His capital is?
1. A certain sum amounts to Rs. 20,720 in four years
(a) Rs. 22000 (b) Rs. 22400 (c) Rs. 24000 (d) Rs.
and Rs. 24,080 in six years at a certain rate of
24600
simple interest. The sum (in Rs) is:
5. If the annual rate of simple interest increases from (a) 11,000 (b) 12,000 (c) 14,000 (d) 15,000
11% to 17½%, a person's yearly income increases
2. A certain sum of money amounts to Rs. 8,928 in
by Rs. 1,071.20. The principal amount invested (in
two years and to Rs. 10,224 in 3.5 years, both at
₹) is:
simple interest. The rate of interest per annum is:
(a)₹ 17,250 (b) ₹ 19,120 (c) ₹ 10,710 (d) ₹ 16,480
(a) 12% (b) 10% (c) 9% (d) 15%
6. A certain sum (in ₹) is invested at simple interest
3. A sum lent out at simple interest amounts to Rs.
at y% per annum for 3½ years. Had it been
6,076 in 1 year and Rs. 7,504 in 4 years. The sum
invested at (y+4)% per annum at simple interest,
and the rate of interest p.a are respectively:
it would have fetched ₹4,452 more as interest.
(a) Rs. 5,600 and 9% (b) Rs. 5,600 and 8.5% (c)
What is the sum?
Rs. 5,400 and 9% (d) Rs. 5,400 and 10%
(a) ₹42,400 (b) ₹31,800 (c) ₹30,400 (d) ₹42,800
4. A sum of Rs. x amounts to Rs. 9,246 in 4 years and
7. A person borrows Rs.7,000 for 3 years at 5% p.a.
to Rs. 11,298.75 in 7½ years at y% p.a. simple
simple interest. He immediately lends it to
interest. The values of x and y are, respectively:
another person at 6⅓% p.a for 3 years. Find his
(a) 6,900 and 8.5 (b) 6,800 and 8.5 (c) 6,500 and 8
gain in the transaction per year.
(d) 7,200 and 7.5
(a) Rs.90 (b) Rs.93.33 (c) Rs.92 (d) Rs.95.33
5. A sum lent at simple interest amounts to Rs.
8. A sum of 4000 amounts to 5008 in three years at
6,240.80 in one year and to Rs. 7,563.20 in 4 years.
simple interest at the rate of x% per annum. If the
The sum (in Rs.) and the rate of interest per
interest rate becomes (x+2.6)%, then the revised
annum, respectively, are:
maturity amount will be:
(a) 6,200, 8.5% (b) 5,800, 8.5% (c) 5,800, 7.6% (d)
(a) Rs. 5320 (b) Rs. 5330 (c) Rs. 5420 (d) Rs. 5200
6,200, 7.6%
9. A sum of Rs. 5400 amounts to Rs. 6666 in 5 years
6. A sum at a certain rate of simple interest becomes
at simple interest. Had the rate been decreased by
₹14,880 after 3 years and ₹16,800 after 5 years.
2%, then it would amount to how much?
Find the simple interest on the same sum at 10%
(a) 7026 (b) 7930 (c) 6126 (d) 8100
per annum for 4 years (in ₹)?
10. ₹8,800 becomes ₹12,000 at a certain rate of (a) 4,740 (b) 4,800 (c) 4,860 (d) 5,184
interest in 4 years. If the rate of interest would be
7. A certain sum amounts to Rs. 81,840 in 3 years
3% more, then find the amount at the end of 7
and to Rs. 92,400 in 5 years at x% p.a. under
years.
simple interest. If the rate of interest becomes
(a) ₹ 14,120 (b) ₹ 15,456 (c) ₹ 16,248 (d) ₹ 17,424
(x+2)%, then in how many years will the same
11. ₹1,120 becomes ₹1,792 at a certain rate of simple sum double itself?
interest in 8 years. If the rate of interest would be (a) 12.5 (b) 8 (c) 10 (d) 20
4% less, then find the amount at the end of 10
8. A certain sum amounts to Rs. 15,748 in 3 years at
years.
R% p.a. simple interest. The same sum amounts to
(a)₹ 1512 (b) ₹ 1601.60 (c) ₹ 1572 (d) ₹ 1448
Rs. 16,510 at (R+2)% p.a. simple interest in the
12. A person invested a sum of Rs. 10,500 at x% per same time. What is the value of R?
annum at simple interest and a sum of Rs. 13,500 (a) 8.5 (b) 8 (c) 9 (d) 9.5
at (x+2)% p.a. simple interest. If the total interest
9. A certain sum of money amounts to ₹2,200 at 5%
earned on both the investments after 3 years is Rs.
interest, ₹2,320 at 8% interest in the same period
7,650, then what is the rate of interest for the first
of time. The period of time is:
investment?
(a) 2 years (b) 4 years (c) 5 years (d) 3 years
(a) 8% (b) 8.5% (c) 9% (d) 9.5%
10. A certain sum of money amounts to ₹5,130 at
13. A person invested a sum of Rs. 18,600 at x% p.a.
4⁸⁄₂₃% interest rate, ₹5,290 at 5⁵⁄₁₉% interest in
and another sum that is twice the former at
the same period of time. The period of time is:
(x+2)% p.a., both at simple interest. If the total
(a) 2 years (b) 4 years (c) 5 years (d) 3 years
interest earned on both investments for 3½ years
is Rs. 23,110.50, then the rate of interest p.a. on
 USE OF RATIO 13. X took a loan of Rs. 5,000 on simple interest, the
rate of interest being the same as the number of
1. Suresh lent out a sum of money to Rakesh for 5 years for which the loan was taken. If the interest
years at simple interest. At the end of 5 years, paid was Rs. 1,800, then what was the rate of
Rakesh paid 9/8 of the sum to Suresh to clear out interest?
the amount. Find the rate of simple interest per (a) 6.5% (b) 6% (c) 5% (d) 5.5%
annum.
(a) 3% p.a. (b) 2% p.a. (c) 3.5% p.a. (d) 2.5% p.a. 14. A certain sum is lent at x% p.a simple interest for
x/3 years. The simple interest of this sum is equal
2. A sum of money becomes 8/7 of itself in 2 years at to one-third of this sum. What is the value of x?
a certain rate of simple interest. The rate per (a) 12 (b) 10 (c) 9 (d) 6
annum is:
(a) 6³⁄₇% (b) 8¹⁄₇% (c) 7¹⁄₇% (d) 7³⁄₇% 15. After certain time ratio of principle and amount is
5:6 after 8 years their ratio become 1:2. Find rate
3. At what rate of interest will a sum of ₹4,500 of interest.
amount to ₹6,525 at simple interest for 5 years? (a) 10 (b) 20 (c) 15 (d) 12
(a) 8% (b) 12% (c) 10% (d) 9%
16. After certain time ratio of principle and amount is
4. A person invested Rs. 12,000 on simple interest 5:6 after 6 years their ratio become 2:3. Find rate
for 7 years to obtain a total amount of Rs. 20,400 of interest.
on a certain annual rate of interest. What was the (a) 10 (b) 20 (c) 15 (d) 12
rate of interest to obtain the above amount?
(a) 8% (b) 7% (c) 9% (d) 10% 17. After certain time ratio of principle and amount is
4:5 after 8 years their ratio become 5:7. Find rate
5. Rs. 480 is invested at simple interest. It becomes of interest.
Rs. 520 after 20 months. What is the interest rate (a) 10 (b) 8 (c) 5 (d) 12
per annum?
(a) 6% (b) 5% (c) 8% (d) 4% 18. After certain time ratio of principle and amount is
9:17 after 27.5 years their ratio become 15:43.
6. In how many years and months will a sum of Rs. Find rate of interest.
24 become Rs. 56 at 16% simple interest per (a) ³⁄₅% (b) ³⁄₅% (c) ³⁄₅% (d) ⁴⁄₅%
annum?
(a) 7 years 8 months (b) 8 years 4 months (c) 6
years 11 months (d) 6 years 5 months
CONCEPT OF TIMES
7. A sum of Rs. 1,500 is invested at simple interest
for x months. If the rate of interest is x/8% per 1. At what rate percent per annum simple interest, a
annum, then the sum grows to Rs. 1,590. What is sum of money triples itself in 16 years?
the value of x? (a) 12.5% (b) 10% (c) 15% (d) 20%
(a) 3.2 (b) 2.4 (c) 32 (d) 24 2. The rate at which a sum becomes four times of
8. If the ratio of principal and the simple interest for itself in 12 years at simple interest will be:
5 years is 10 : 7, then the rate of interest (per (a) 20% (b) 25% (c) 30% (d) 35%
annum) is: 3. The time required for a sum of money to amount
(a) 15% (b) 20% (c) 10% (d) 14% to three times itself at 8% simple interest p.a. will
9. Money was lent on simple interest. After 12 years, be:
its simple interest becomes 3/5 of the money. Find (a) 35 years (b) 25 years (c) 30 years (d) 20 years
the rate of interest. 4. A sum of money becomes double of itself in 50
(a) 4% p.a. (b) 2% p.a. (c) 5% p.a. (d) 3% p.a. months when invested on simple interest. What is
10. In how much time will the simple interest on a the rate of interest per annum?
certain sum of money be 6/5 times of the sum at (a) 20% (b) 24% (c) 28% (d) 32%
20% per annum? 5. A sum of money becomes three times of itself in
(a) 5 Years (b) 8 Years (c) 6 Years (d) 7 Years 20 years at simple interest. In how many years
11. If the total simple interest on a sum of Rs. 1,400 does it become double of itself at the same rate?
for 4 years at rate of interest x% p.a. and on the (a) 8 years (b) 10 years (c) 12 years (d) 14 years
same sum for two years at the same rate, is Rs. 6. A sum triples itself in three years at simple
672, then the value of x is: interest. In how many years will the same sum
(a) 9% (b) 8% (c) 6% (d) 10% become nine times itself at the same rate?
12. Simple interest on a certain sum at a certain (a) 18 (b) 9 (c) 12 (d) 27
annual rate of interest is 16/25 of the sum. If the 7. Thomas invested a sum of money at simple
number representing rate percent and time in interest which triples itself in 8 years. In how
years be equal, then the rate of interest is: many years will it become 8 times itself at the
(a) 8% (b) 10% (c) 12% (d) 17%
 same rate? years at the same rate?
(a) 21 years (b) 24 years (c) 28 years (d) 30 years (a) Rs. 1,000 (b) Rs. 6,000 (c) Rs. 2,000 (d) Rs. 500

10. The simple interest at the end of 3.54 years at r%

per annum on a sum of Rs. 4,000 is Rs. 100. What
CONCEPT OF PROPORTIONALITY will be the simple interest on the same sum for
1. The simple interest at the end of 3 years on a sum 7.08 years at the same rate?
of Rs. 2,000 is Rs. 300. What will be the simple (a) Rs. 100 (b) Rs. 600 (c) Rs. 200 (d) Rs. 500
interest on Rs. 6,000 for the same period at the
same rate?
(a) Rs. 600 (b) Rs. 400 (c) Rs. 900 (d) Rs. 800 PRINCIPAL AND INTEREST SAME
2. The simple interest at the end of 5.1 years on a 11. Two equal sums were lent on simple interest at
sum of Rs. 4,500 is Rs. 175. What will be the 6% and 10% per annum respectively. The first
simple interest on Rs. 9,000 for the same period at sum was recovered two years later than the
the same rate? second sum and the amount in each case was Rs.
(a) Rs. 650 (b) Rs. 350 (c) Rs. 950 (d) Rs. 800 1,105. What is the sum (in Rs.) lent in each
scheme?
3. The simple interest at the end of 7 years 3 months (a) 900 (b) 850 (c) 936 (d) 891
on a sum of Rs. 1,234.12 is Rs. 15. What will be the
simple interest on Rs. 2,468.24 for the same 12. Two equal sums (in Rs.) are lent at 8% and 4%
period at the same rate? simple interest p.a. respectively at the same time.
(a) Rs. 40 (b) Rs. 30 (c) Rs. 50 (d) Rs. 60 The first sum is received 2 years earlier than the
other and the amount received in each case is Rs.
4. At the end of 3 years, the simple interest on any 14,500. Each sum is:
amount of 2,800 is 420. What will be the simple (a) 12,800 (b) 12,500 (c) 13,200 (d) 12,000
interest on 3,200 for the same rate and same
period? 13. Two equal sums are lent at 10% and 8% p.a. on
(a) 480 (b) 560 (c) 440 (d) 640 simple interest for ‘t’ years and (t+2) years
respectively. Amount received in each case is Rs.
5. A sum of Rs. 8,400 amounts to Rs. 11,046 at 8.75% 36,900. Each sum is ______.
p.a. simple interest in a certain time. What is the (a) 21,500 (b) 20,500 (c) 20,200 (d) 18,100
simple interest on the sum of 9,600 at the same
rate for the same time?
(a) Rs. 2,990 (b) Rs. 3,012 (c) Rs. 2,686 (d) Rs.
3,024 RATE AND INTEREST SAME
14. Rs. 8,680 is distributed among three friends. If
they pay equal interest after 5 years, 10 years and
PRINCIPAL AND TIME FIX 20 years respectively at the rate of 12% per
annum simple interest, then how much money
6. The simple interest at the end of 3 years at 5% per each get?
annum on a sum of Rs. 500 is Rs. 100. What will be (a) 4,960, 2,480, 1,240 (b) 5,000, 2,500, 1,180 (c)
the simple interest on Rs. 500 for the same period 4,850, 2,315, 1,515 (d) 4,000, 3,000, 1,680
at the double rate?
(a) Rs. 100 (b) Rs. 200 (c) Rs. 300 (d) Rs. 50 15. A man invested an amount of Rs. 1,05,750 at
simple interest in the name of his son, daughter
7. The simple interest at the end of 3.1 years at and his wife in such a way that they get the same
6.15% per annum on a sum of Rs. 6,000 is Rs. 200. interest after 3, 4 and 5 years respectively. If the
What will be the simple interest on Rs. 6,000 for rate of interest is 5% per annum, then the amount
the same period at the triple rate? invested for the wife is:
(a) Rs. 100 (b) Rs. 600 (c) Rs. 200 (d) Rs. 500 (a) Rs. 30,000 (b) Rs. 35,250 (c) Rs. 40,500 (d) Rs.
8. At a fixed simple interest rate, the amount of Rs. 45,750
500 becomes Rs. 600 in 2 years. If the rate of
interest is halved, then what will be the amount of
Rs. 500 in 2 years? TIME AND INTEREST SAME
(a) Rs. 500 (b) Rs. 520 (c) Rs. 560 (d) Rs. 550
16. A person invested a total of ₹9,000 in three parts
at 3%, 4% and 6% per annum on simple interest.
At the end of a year, he received equal interest in
PRINCIPAL AND RATE FIX all three cases. The amount invested at 6% is:
9. The simple interest at the end of 3 years at r% per (a) ₹1,000 (b) ₹2,000 (c) ₹3,000 (d) ₹4,000
annum on a sum of Rs. 25,000 is Rs. 1,000. What 17. A person invested a total of Rs. 57,500 at 4%, 5%
will be the simple interest on the same sum for 6 and 8% per annum simple interest. At the end of
 the year, he received equal interest in all the three If the total interest received is Rs. 1,674, then the
cases. The amount invested at 5% was: total sum invested is:
(a) Rs. 25,000 (b) Rs. 20,750 (c) Rs. 20,000 (d) Rs. (a) Rs. 12,500 (b) Rs. 12,000 (c) Rs. 10,500 (d) Rs.
37,500 13,000

5. A man lent 40% of his total income at 5% per

annum, three-fourths of the remaining amount at
AMOUNT SAME BUT EVERYTHING IS DIFFERENT 4%, and the remaining amount at 10% per annum.
18. A father decided to divide Rs. 11,900 between his If after 2 years he gets a total of Rs. 74.20 as
two sons in such a way that they both receive the interest, then what was his total income?
same amount after the age of 20 years. The (a) Rs. 700 (b) Rs. 400 (c) Rs. 500 (d) Rs. 600
current age of his sons is 12 and 14 years. If the 6. A person invested 5/12th of total principal at 9%
rate of interest is 10%, find the share received by per annum, 2/9th part at 11% per annum, and the
his younger son. remaining part at 16% per annum simple interest.
(a) Rs. 5,000 (b) Rs. 5,500 (c) Rs. 6,000 (d) Rs. If the total simple interest in one year is Rs.
6,500 38,790, find the total investment.
19. Rs. 21,750 is invested by a person in the bank (a) Rs. 324,000 (b) Rs. 288,000 (c) Rs. 360,000 (d)
account of his two sons whose ages are 9 years Rs. 252,000
and 13 years in such a way that they will get equal 7. Pankaj invests an amount after dividing it into
amount at an age of 21 years at the rate of 4.5% three different schemes A, B, and C giving the
per annum. Find the share of the younger child. interest at the rate of 10%, 12%, and 15%
(a) Rs. 10,000 (b) Rs. 10,500 (c) Rs. 11,000 (d) Rs. respectively. The accumulated interest for one
11,500 year is Rs. 3,200. The amounts invested in A, B,
20. A sum of Rs. 29,000 is divided in three parts such and C are in the ratio of [Link]. What amount did
that the 1st part at 10% for 6 years, 2nd at 4% for he invest in scheme B?
5 years and 3rd part at 5% for 16 years. If the (a) Rs. 5,500 (b) Rs. 4,500 (c) Rs. 5,000 (d) Rs.
amount received from all three parts are equal, 4,000
find the sum which is least.
(a) Rs. 8,000 (b) Rs. 9,000 (c) Rs. 10,000 (d) Rs.
11,000 CONCEPT OF ALLIGATION
21. A sum of Rs. 23,790 is divided into three parts and 1. A sum of Rs. 50,000 is lent partly at 4% and
given on loan at 5% simple interest to A, B and C remaining at 5% per annum. If the yearly simple
for 2, 3 and 4 years respectively. If the amounts of interest on the average is 4.6%, the two parts are:
all three are equal after their respective periods of (a) Rs. 22,500, Rs. 27,500 (b) Rs. 15,000, Rs.
loan, then A received a loan of: 35,000 (c) Rs. 20,000, Rs. 30,000 (d) Rs. 25,000,
(a) 9,150 (b) 8,280 (c) 8,250 (d) 8,400 Rs. 25,000

2. A sum of ₹10,000 is lent partly at 8% and

remaining at 10% per annum. If the yearly interest
CONCEPT OF WEIGHTED AVERAGE on the average is 9.2%, the two parts are:
1. If a man receives on one-fourth of his capital 3% (a) ₹4,000, ₹6,000 (b) ₹4,500, ₹5,500 (c) ₹5,000,
interest, on two-thirds 5% and on the remaining ₹5,000 (d) ₹5,500, ₹4,500
11%, the percentage he receives on the whole is: 3. A sum of ₹17,500 is lent partly at 11% and
(a) 4.5% (b) 5% (c) 5.5% (d) 5.2% remaining at 14.5% per annum. If the yearly
2. A person lends 40% of his sum of money at 15% interest on the average is 12.7%, the second part
per annum, 50% of the rest at 10% per annum is:
and the rest at 18% per annum rate of interest. If (a) ₹9,000 (b) ₹9,500 (c) ₹8,000 (d) ₹8,500
the interest is calculated on the whole sum, then 4. Arun lends ₹20,000 to two of his friends. He gives
what would be the annual rate of interest? ₹12,000 to the first at 8% per annum at simple
(a) 13.4% (b) 14.33% (c) 14.4% (d) 13.33% interest. Arun wants to make a profit of 10% on
3. A person loans 2/5 of his total income at 4% per the whole. The simple interest rate at which he
annum, 1/3 at 5% per annum, and the remaining should lend the remaining sum to the second
amount at 10% per annum. If he gets Rs. 267 as friend is:
annual simple interest, what was its total income? (a) 8% (b) 16% (c) 12% (d) 13%
(a) Rs. 4,500 (b) Rs. 4,400 (c) Rs. 5,000 (d) Rs. 5. Arun lends ₹25,000 to two of his friends. He gives
5,500 ₹12,000 to the first at 6% per annum simple
4. Sudeep invested 1/8 of a certain sum at 5% p.a. interest. Arun wants to make a profit of 9.9% on
for two years, 3/5 of the sum at 6% p.a. for two the whole. The simple interest rate at which he
years, and the remaining at 10% p.a. for two years. should lend the remaining sum to the second
 friend is: annum. The ratio of the second part to the first
(a) 13.5% (b) 16% (c) 12% (d) 13% part is:
(a) 11:14 (b) 11:13 (c) 14:11 (d) 13:11
6. A man has Rs. 10,000. He lent a part of it at 15%
simple interest and the remaining at 10% simple
interest. The total interest he received after 5
years amounted to Rs. 6,500. The difference INSTALLMENT IN SIMPLE INTEREST
between the parts of the amounts he lent is: 1. What annual installment will discharge a debt of
(a) Rs. 2,000 (b) Rs. 2,500 (c) Rs. 1,500 (d) Rs. Rs. 3,270 due in 3 years at 9% per annum simple
1,750 interest?
7. A sum of Rs. 12,800 is invested partly at 15% per (a) Rs. 1,075 (b) Rs. 1,050 (c) Rs. 1,090 (d) Rs.
annum and the remaining at 12% per annum 1,000
simple interest. If the total interest at the end of 3 2. What annual instalment will discharge a debt of
years is Rs. 5,085, then how much money was Rs. 9,600 due in 5 years at 10% simple interest?
invested at 15% per annum? (a) Rs. 1,600 (b) Rs. 1,450 (c) Rs. 1,500 (d) Rs.
(a) 5,200 (b) 7,500 (c) 5,800 (d) 5,300 1,550
8. A sum of Rs. 25,600 is invested on simple interest 3. What annual instalment will discharge a debt of
partly at 7% per annum and the remaining at 9% ₹5,664 in 4 years at 12% simple interest?
per annum. The total interest at the end of 3 years (a) ₹1,200 (b) ₹1,210 (c) ₹1,220 (d) ₹1,230
is Rs. 5,832. How much money (in ₹) was invested
at 9% per annum? 4. What five monthly payment will discharge a debt
(a) 18,000 (b) 7,600 (c) 9,600 (d) 16,000 of ₹94,500 in 1¼ year at 12% per annum simple
interest?
9. A sum of Rs. 10,000 is invested in three schemes (a) ₹30,000 (b) ₹31,000 (c) ₹20,000 (d) ₹33,000
of simple interest. The annual interest rates are
respectively, 4%, 6%, and 10%. Rs. 4,000 were 5. Vikas borrowed Rs. 6,450 at 5% simple interest
invested in the first scheme. If the total interest repayable in four equal installments. What will be
earned after five years is Rs. 2,800, then how the annual installment payable by him?
much money was invested in the third scheme? (a) ₹2,100 (b) ₹2,000 (c) ₹1,800 (d) ₹2,200
(a) Rs. 1,500 (b) Rs. 5,000 (c) Rs. 1,000 (d) Rs.
3,000 6. A person borrowed ₹2,000 at 5% annual simple
interest repayable in 3 equal annual installments.
10. A person invested one-fourth of the sum of Rs. What will be the annual installment?
25,000 at a certain rate of simple interest and the (a) ₹250 ¹⁰⁄₆₃ (b) ₹730 ¹⁰⁄₆₃ (c) ₹840 ¹⁰⁄₆₃ (d)
rest at 4% p.a. higher rate. If the total interest ₹640 ¹¹⁄₆₃
received for 2 years is Rs. 4,125, what is the rate at
which the second sum was invested? 7. A mobile phone is available for Rs. 25,000 or Rs.
(a) 9.5% (b) 9.25% (c) 5.25% (d) 7.5% 5,200 down payment, followed by 4 equal monthly
instalments. If the rate of interest is 25% p.a.
11. ₹12,000 is divided into two parts such that the simple interest, calculate the amount of each
simple interest on the first part for 3 years at 12% instalment.
per annum may be equal to the simple interest on (a) Rs. 5,020 (b) Rs. 5,200 (c) Rs. 5,362 (d) Rs.
the second part for 4½ years at 16% per annum. 5,355
The ratio of the first part to the second part is:
(a) 2:1 (b) 1:2 (c) 2:3 (d) 3:2 8. A sofa set is available for Rs. 48,500 in cash or on
cash down payment of Rs. 10,500 plus three equal
12. A sum of ₹5,000 is divided into two parts such that monthly installments thereof. If the rate of interest
the simple interest on the first part for 4⅕ years charged under the installment scheme is 16% p.a.,
at 6⅔% per annum is double the simple interest then assuming the interest as simple, find the
on the second part for 2¾ years at 4% per annum. amount to be paid monthly?
What is the difference between the two parts? (a) Rs. 13,200 (b) Rs. 13,400 (c) Rs. 13,500 (d) Rs.
(a) ₹560 (b) ₹600 (c) ₹680 (d) ₹620 13,000

13. A sum of Rs. 50,250 is divided into two parts such 9. A scooty can be bought for Rs. 30,000 in cash or
that the simple interest on the first part for 7½ Rs. 9,400 in cash advance payment followed by 4
years at 8⅓% p.a. is 5/2 times the simple interest monthly installments. What will be the value of
on the second part for 5¼ years at 8% p.a. What is each installment at 15% p.a. simple interest?
the difference (in Rs.) between the two parts? (a) Rs. 5,000 (b) Rs. 5,200 (c) Rs. 5,400 (d) Rs.
(a) ₹10,275 (b) ₹12,750 (c) ₹12,570 (d) ₹15,270 5,600

14. A sum of Rs. 5,000 is divided into two parts such 10. A computer is sold either for Rs. 19,200 cash or
that the simple interest on the first part for 4⅕ for Rs. 4,800 cash down payment together with
years at 6⅔% per annum is double the simple five equal monthly instalments. If the rate of
interest on the second part for 2¾ years at 4% per interest charged is 12% per annum, then the
 amount of each instalment (nearest to a rupee) is: the bank and at the end of 5 years he paid Rs.
(a) Rs. 2,880 (b) Rs. 2,940 (c) Rs. 3,000 (d) Rs. 5,450 and cleared all his dues. Find the rate of
3,060 interest.
(a) 5% (b) 4% (c) 6% (d) 8%
11. An electric iron is sold for Rs. 440 cash or for Rs.
200 cash down payment together with Rs. 244 to 2. Ankit borrowed Rs. 15,000 from a bank and
be paid after one month. Find the rate of interest returned Rs. 6,500 after 6 years. After 10 years
charged in the instalment scheme. from starting he returned Rs. 13,460 and settled
(a) 16.58% (b) 20% (c) 24% (d) 30% his account. What was the rate of interest?
(a) 5% (b) 4.5% (c) 6% (d) 8%
12. Nandan can purchase a tracksuit for Rs. 2,400
cash or for Rs. 1,000 cash down payment and two 3. A man borrows Rs. 6,000 from a bank at simple
monthly instalments at Rs. 800 each. Find the rate interest. After 4 years, he paid Rs. 2,500 to the
of interest. bank and at the end of 5 years from the date of
(a) 20% (b) 25% (c) 30% (d) 35% borrowing he paid Rs. 4,560 to settle the account.
Find the rate percent per annum.
13. A person buys a washing machine of Rs. 22,000 in (a) 3.85% (b) 4.5% (c) 6% (d) 8%
cash down payment of Rs. 9,000 and buys a
washing machine in two monthly installments of 4. A man borrowed a sum of Rs. 10,000 from a bank
Rs. 8,000 each. The rate of simple interest is: at S.I. After 2 years he paid Rs. 3,000 and at the
(a) 21.5% (b) 24.0% (c) 25.5% (d) 27.0% end of 5th year he paid Rs. 2,500 and at the end of
7th years, he paid Rs. 6,720 and cleared all his
14. A cooler is available for Rs. 2,400 cash or for Rs. dues. Find the rate of simple interest per annum.
1,200 cash down payment and two monthly (a) 5.55% (b) 4.44% (c) 6% (d) 8%
instalments of Rs. 610 each. Find the rate of
interest charged under the instalment plan. 5. Gopal borrows ₹1,00,000 from a bank at 10% p.a.
(a) 20% (b) 21.5% (c) 24.0% (d) 25.5% simple interest and clears the debt in five years. If
the installments paid at the end of the first,
15. If the price of an article is Rs. 9,000, if this article second, third and fourth years to clear the debt are
is purchased on the cash down payment of Rs. ₹10,000, ₹20,000, ₹30,000 and ₹40,000
2,200 and the rest can be paid in five equal respectively, what amount should be paid at the
monthly instalment of Rs. 1,400 for next five end of the fifth year to clear the debt?
months. Find the rate of simple interest annually. (a) ₹20,000 (b) ₹25,000 (c) ₹30,000 (d) ₹35,000
(a) 18.4% (b) 20% (c) 22.5% (d) 24%
6. Rs. 3,400 is payable after 3 years. If it is to be paid
16. A Computer is available for Rs. 39,000 on cash in 3 installments each year. The first installment is
payment or Rs. 19,000 as cash payment followed 1/3rd of the second and 1/4th of the third
by five monthly instalments of Rs. 4,200 each. installment. Find each installment if the rate of
What is the rate of interest per annum under the interest is 10% per annum.
instalment plan? (a) Rs. 400, Rs. 1,200, Rs. 1,600 (b) Rs. 500, Rs.
(a) 20% (b) 22% (c) 24% (d) 25% 1,500, Rs. 2,000 (c) Rs. 600, Rs. 1,800, Rs. 2,400
17. A tennis racquet worth Rs. 700 was bought by (d) Rs. 700, Rs. 2,100, Rs. 2,800
paying a down payment of Rs. 100 and 7 equal 7. Rs. 13,320 is payable after 3 years. If it is to be
monthly installments of Rs. 100 each. Calculate paid in 3 installments, the second installment is
the rate of interest. 6/5 times of the first installment and the third
(a) 300/7% (b) 56% (c) 400/7% (d) 300/11% installment is 60% more than the second
18. A sum of Rs. 10 is lent to be returned in 11 installment. Find the third installment if the rate
monthly installments of Re. 1 each, interest being of interest is 10% per annum.
simple. The rate of interest is? (a) Rs. 5,000 (b) Rs. 6,000 (c) Rs. 7,000 (d) Rs.
(a) 21⁹⁄₁₁% (b) 11⁹⁄₁₁% (c) 10⁹⁄₁₁% (d) 9¹⁄₁₁% 8,000

19. Ravi lent out ₹9 to Sam on the condition that the 8. A took a loan from B of ₹480 at 6% simple interest
amount is payable in 10 months by 10 equal on a condition that he would pay it in 4 yearly
installments of ₹1 each payable at the start of installments. Out of which first 3 installments
every month. What is the rate of interest per would be ½ of the principal and the rest amount
annum if the first installment has to paid one would be paid in the last installment. Find the
month from the date the loan is availed? amount paid by A in the last installment.
(a) 16% (b) 26⅔% (c) 30% (d) 22.22% (a) ₹192 (b) ₹167 (c) ₹172 (d) ₹263

9. A car with a price of Rs. 6,50,000 is bought by

making some down payment. On the balance, a
MISCELLANEOUS simple interest of 10% is charged in lump sum
and the money is to be paid in 20 equal annual
1. A man borrowed a sum of Rs. 7,000 from a bank at installments of ₹25,000. How much is the down
simple interest. After 3 years he paid Rs. 3,000 to
payment?
(a) Rs. 1,55,945 (b) Rs. 1,95,455 (c) Rs. 1,94,555
(d) Rs. 1,45,955