CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 7500 take to earn Rs. 1200 at 8% simple interest per annum?
A. 0.16 years
B. 3 years
C. 2 years
D. 8 years
Correct Answer: C
T = SI×100/(P×R) = 1200×100/(7500×8) = 2 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 7000 yields Rs. 490 simple interest in 1 years. What is the annual rate?
A. 9%
B. 1%
C. 7%
D. 6%
Correct Answer: C
R = SI×100/(P×T) = 490×100/(7000×1) = 7%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum earns Rs. 1200 as simple interest in 3 years at 10% per annum. What is the principal?
A. Rs. 360
B. Rs. 4000
C. Rs. 1200
D. Rs. 5200
Correct Answer: B
P = SI×100/(R×T) = 1200×100/(10×3) = Rs. 4000.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 6000 at 5% simple interest per annum for 5 years?
A. Rs. 1500
B. Rs. 7505
C. Rs. 7500
D. Rs. 4500
Correct Answer: C
SI = Rs. 1500; amount = principal + SI = Rs. 7500.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 5500 at 4% per annum for 4 years.
A. Rs. 220
B. Rs. 6380
C. Rs. 884
D. Rs. 880
Correct Answer: D
SI = PRT/100 = 5500×4×4/100 = Rs. 880.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 5000 take to earn Rs. 1800 at 12% simple interest per annum?
A. 12 years
B. 4 years
C. 0.36 years
D. 3 years
Correct Answer: D
T = SI×100/(P×R) = 1800×100/(5000×12) = 3 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 4500 yields Rs. 990 simple interest in 2 years. What is the annual rate?
A. 13%
B. 11%
C. 2%
D. 10%
Correct Answer: B
R = SI×100/(P×T) = 990×100/(4500×2) = 11%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum earns Rs. 700 as simple interest in 3 years at 5% per annum. What is the principal?
A. Rs. 4666.67
B. Rs. 5366.67
C. Rs. 700
D. Rs. 105
Correct Answer: A
P = SI×100/(R×T) = 700×100/(5×3) = Rs. 4666.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 3500 at 9% simple interest per annum for 6 years?
A. Rs. 1890
B. Rs. 5390
C. Rs. 5399
D. Rs. 1610
Correct Answer: B
SI = Rs. 1890; amount = principal + SI = Rs. 5390.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 3000 at 8% per annum for 5 years.
A. Rs. 1208
B. Rs. 1200
C. Rs. 240
D. Rs. 4200
Correct Answer: B
SI = PRT/100 = 3000×8×5/100 = Rs. 1200.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 2500 take to earn Rs. 700 at 7% simple interest per annum?
A. 4 years
B. 5 years
C. 7 years
D. 0.28 years
Correct Answer: A
T = SI×100/(P×R) = 700×100/(2500×7) = 4 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 2000 yields Rs. 360 simple interest in 3 years. What is the annual rate?
A. 8%
B. 5%
C. 3%
D. 6%
Correct Answer: D
R = SI×100/(P×T) = 360×100/(2000×3) = 6%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum earns Rs. 2200 as simple interest in 3 years at 6% per annum. What is the principal?
A. Rs. 12222.22
B. Rs. 396
C. Rs. 14422.22
D. Rs. 2200
Correct Answer: A
P = SI×100/(R×T) = 2200×100/(6×3) = Rs. 12222.22.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 1000 at 4% simple interest per annum for 1 years?
A. Rs. 960
B. Rs. 40
C. Rs. 1040
D. Rs. 1044
Correct Answer: C
SI = Rs. 40; amount = principal + SI = Rs. 1040.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 9500 at 12% per annum for 6 years.
A. Rs. 6840
B. Rs. 6852
C. Rs. 16340
D. Rs. 1140
Correct Answer: A
SI = PRT/100 = 9500×12×6/100 = Rs. 6840.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 9000 take to earn Rs. 4950 at 11% simple interest per annum?
A. 6 years
B. 5 years
C. 11 years
D. 0.55 years
Correct Answer: B
T = SI×100/(P×R) = 4950×100/(9000×11) = 5 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 8500 yields Rs. 3400 simple interest in 4 years. What is the annual rate?
A. 10%
B. 4%
C. 9%
D. 12%
Correct Answer: A
R = SI×100/(P×T) = 3400×100/(8500×4) = 10%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum earns Rs. 1700 as simple interest in 3 years at 7% per annum. What is the principal?
A. Rs. 9795.24
B. Rs. 8095.24
C. Rs. 1700
D. Rs. 357
Correct Answer: B
P = SI×100/(R×T) = 1700×100/(7×3) = Rs. 8095.24.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 7500 at 8% simple interest per annum for 2 years?
A. Rs. 8700
B. Rs. 6300
C. Rs. 1200
D. Rs. 8708
Correct Answer: A
SI = Rs. 1200; amount = principal + SI = Rs. 8700.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 7000 at 7% per annum for 1 years.
A. Rs. 497
B. Rs. 490-1
C. Rs. 7490
D. Rs. 490
Correct Answer: D
SI = PRT/100 = 7000×7×1/100 = Rs. 490.