CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 6120 is invested for 6 years at 6% simple interest per annum. What is the maturity amount?
A. Rs. 8323.20
B. Rs. 2203.20
C. Rs. 3916.80
D. Rs. 8373.20
Correct Answer: A
Simple interest = Rs. 2203.20; amount = principal + interest = Rs. 8323.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 5930 at 5% per year for 5 years.
A. Rs. 7412.50
B. Rs. 296.50
C. Rs. 1482.50
D. Rs. 1582.50
Correct Answer: C
SI = P×R×T/100 = 5930×5×5/100 = Rs. 1482.50.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 1320 simple interest in 5 years at 12% per annum. Find the principal.
A. Rs. 3520.00
B. Rs. 2200.00
C. Rs. 2100.00
D. Rs. 1320.00
Correct Answer: B
Principal = SI×100/(R×T) = 1320×100/(12×5) = Rs. 2200.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 4200 earns Rs. 1400 simple interest in 6 years. What annual rate was applied?
A. 6.00%
B. 5.56%
C. 4.56%
D. 6.56%
Correct Answer: B
Rate = SI×100/(P×T) = 1400×100/(4200×6) = 5.56%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 5360 is invested for 2 years at 13% simple interest per annum. What is the maturity amount?
A. Rs. 6803.60
B. Rs. 1393.60
C. Rs. 6753.60
D. Rs. 3966.40
Correct Answer: C
Simple interest = Rs. 1393.60; amount = principal + interest = Rs. 6753.60.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 5170 at 12% per year for 8 years.
A. Rs. 620.40
B. Rs. 4963.20
C. Rs. 10133.20
D. Rs. 5063.20
Correct Answer: B
SI = P×R×T/100 = 5170×12×8/100 = Rs. 4963.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 1160 simple interest in 6 years at 8% per annum. Find the principal.
A. Rs. 2416.67
B. Rs. 2316.67
C. Rs. 1160.00
D. Rs. 3576.67
Correct Answer: A
Principal = SI×100/(R×T) = 1160×100/(8×6) = Rs. 2416.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 3800 earns Rs. 1200 simple interest in 2 years. What annual rate was applied?
A. 2.00%
B. 14.79%
C. 16.79%
D. 15.79%
Correct Answer: D
Rate = SI×100/(P×T) = 1200×100/(3800×2) = 15.79%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 4600 is invested for 5 years at 9% simple interest per annum. What is the maturity amount?
A. Rs. 6670.00
B. Rs. 6720.00
C. Rs. 2070.00
D. Rs. 2530.00
Correct Answer: A
Simple interest = Rs. 2070.00; amount = principal + interest = Rs. 6670.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 4410 at 8% per year for 4 years.
A. Rs. 1511.20
B. Rs. 5821.20
C. Rs. 352.80
D. Rs. 1411.20
Correct Answer: D
SI = P×R×T/100 = 4410×8×4/100 = Rs. 1411.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 1000 simple interest in 2 years at 12% per annum. Find the principal.
A. Rs. 5166.67
B. Rs. 4166.67
C. Rs. 4066.67
D. Rs. 1000.00
Correct Answer: B
Principal = SI×100/(R×T) = 1000×100/(12×2) = Rs. 4166.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 3400 earns Rs. 1000 simple interest in 4 years. What annual rate was applied?
A. 6.35%
B. 7.35%
C. 4.00%
D. 8.35%
Correct Answer: B
Rate = SI×100/(P×T) = 1000×100/(3400×4) = 7.35%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 3840 is invested for 8 years at 5% simple interest per annum. What is the maturity amount?
A. Rs. 5376.00
B. Rs. 2304.00
C. Rs. 1536.00
D. Rs. 5426.00
Correct Answer: A
Simple interest = Rs. 1536.00; amount = principal + interest = Rs. 5376.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 3650 at 4% per year for 7 years.
A. Rs. 1122.00
B. Rs. 4672.00
C. Rs. 1022.00
D. Rs. 146.00
Correct Answer: C
SI = P×R×T/100 = 3650×4×7/100 = Rs. 1022.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 840 simple interest in 3 years at 8% per annum. Find the principal.
A. Rs. 840.00
B. Rs. 3500.00
C. Rs. 3400.00
D. Rs. 4340.00
Correct Answer: B
Principal = SI×100/(R×T) = 840×100/(8×3) = Rs. 3500.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 3000 earns Rs. 800 simple interest in 6 years. What annual rate was applied?
A. 4.44%
B. 6.00%
C. 3.44%
D. 5.44%
Correct Answer: A
Rate = SI×100/(P×T) = 800×100/(3000×6) = 4.44%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 3080 is invested for 4 years at 12% simple interest per annum. What is the maturity amount?
A. Rs. 1478.40
B. Rs. 4558.40
C. Rs. 4608.40
D. Rs. 1601.60
Correct Answer: B
Simple interest = Rs. 1478.40; amount = principal + interest = Rs. 4558.40.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 2890 at 11% per year for 3 years.
A. Rs. 1053.70
B. Rs. 3843.70
C. Rs. 953.70
D. Rs. 317.90
Correct Answer: C
SI = P×R×T/100 = 2890×11×3/100 = Rs. 953.70.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 680 simple interest in 4 years at 12% per annum. Find the principal.
A. Rs. 2096.67
B. Rs. 1316.67
C. Rs. 1416.67
D. Rs. 680.00
Correct Answer: C
Principal = SI×100/(R×T) = 680×100/(12×4) = Rs. 1416.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 2600 earns Rs. 600 simple interest in 2 years. What annual rate was applied?
A. 2.00%
B. 11.54%
C. 12.54%
D. 10.54%
Correct Answer: B
Rate = SI×100/(P×T) = 600×100/(2600×2) = 11.54%.