CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 13720 is invested for 4 years at 13% simple interest per annum. What is the maturity amount?
A. Rs. 20854.40
B. Rs. 20904.40
C. Rs. 7134.40
D. Rs. 6585.60
Correct Answer: A
Simple interest = Rs. 7134.40; amount = principal + interest = Rs. 20854.40.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 13530 at 12% per year for 3 years.
A. Rs. 4970.80
B. Rs. 18400.80
C. Rs. 1623.60
D. Rs. 4870.80
Correct Answer: D
SI = P×R×T/100 = 13530×12×3/100 = Rs. 4870.80.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 2920 simple interest in 5 years at 12% per annum. Find the principal.
A. Rs. 2920.00
B. Rs. 4866.67
C. Rs. 7786.67
D. Rs. 4766.67
Correct Answer: B
Principal = SI×100/(R×T) = 2920×100/(12×5) = Rs. 4866.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 8200 earns Rs. 3400 simple interest in 4 years. What annual rate was applied?
A. 10.37%
B. 11.37%
C. 4.00%
D. 9.37%
Correct Answer: A
Rate = SI×100/(P×T) = 3400×100/(8200×4) = 10.37%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 12960 is invested for 7 years at 9% simple interest per annum. What is the maturity amount?
A. Rs. 4795.20
B. Rs. 8164.80
C. Rs. 21174.80
D. Rs. 21124.80
Correct Answer: D
Simple interest = Rs. 8164.80; amount = principal + interest = Rs. 21124.80.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 12770 at 8% per year for 6 years.
A. Rs. 6229.60
B. Rs. 6129.60
C. Rs. 18899.60
D. Rs. 1021.60
Correct Answer: B
SI = P×R×T/100 = 12770×8×6/100 = Rs. 6129.60.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 2760 simple interest in 6 years at 8% per annum. Find the principal.
A. Rs. 5750.00
B. Rs. 5650.00
C. Rs. 2760.00
D. Rs. 8510.00
Correct Answer: A
Principal = SI×100/(R×T) = 2760×100/(8×6) = Rs. 5750.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 7800 earns Rs. 3200 simple interest in 6 years. What annual rate was applied?
A. 5.84%
B. 6.00%
C. 7.84%
D. 6.84%
Correct Answer: D
Rate = SI×100/(P×T) = 3200×100/(7800×6) = 6.84%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 12200 is invested for 3 years at 5% simple interest per annum. What is the maturity amount?
A. Rs. 14030.00
B. Rs. 10370.00
C. Rs. 14080.00
D. Rs. 1830.00
Correct Answer: A
Simple interest = Rs. 1830.00; amount = principal + interest = Rs. 14030.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 12010 at 4% per year for 2 years.
A. Rs. 960.80
B. Rs. 1060.80
C. Rs. 480.40
D. Rs. 12970.80
Correct Answer: A
SI = P×R×T/100 = 12010×4×2/100 = Rs. 960.80.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 2600 simple interest in 2 years at 12% per annum. Find the principal.
A. Rs. 13433.33
B. Rs. 10833.33
C. Rs. 10733.33
D. Rs. 2600.00
Correct Answer: B
Principal = SI×100/(R×T) = 2600×100/(12×2) = Rs. 10833.33.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 7400 earns Rs. 3000 simple interest in 2 years. What annual rate was applied?
A. 21.27%
B. 20.27%
C. 19.27%
D. 2.00%
Correct Answer: B
Rate = SI×100/(P×T) = 3000×100/(7400×2) = 20.27%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 11440 is invested for 6 years at 12% simple interest per annum. What is the maturity amount?
A. Rs. 19726.80
B. Rs. 19676.80
C. Rs. 8236.80
D. Rs. 3203.20
Correct Answer: B
Simple interest = Rs. 8236.80; amount = principal + interest = Rs. 19676.80.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 11250 at 11% per year for 5 years.
A. Rs. 1237.50
B. Rs. 17437.50
C. Rs. 6187.50
D. Rs. 6287.50
Correct Answer: C
SI = P×R×T/100 = 11250×11×5/100 = Rs. 6187.50.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 2440 simple interest in 3 years at 8% per annum. Find the principal.
A. Rs. 12606.67
B. Rs. 10066.67
C. Rs. 10166.67
D. Rs. 2440.00
Correct Answer: C
Principal = SI×100/(R×T) = 2440×100/(8×3) = Rs. 10166.67.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 7000 earns Rs. 2800 simple interest in 4 years. What annual rate was applied?
A. 4.00%
B. 9.00%
C. 10.00%
D. 11.00%
Correct Answer: C
Rate = SI×100/(P×T) = 2800×100/(7000×4) = 10.00%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 10680 is invested for 2 years at 8% simple interest per annum. What is the maturity amount?
A. Rs. 12438.80
B. Rs. 8971.20
C. Rs. 1708.80
D. Rs. 12388.80
Correct Answer: D
Simple interest = Rs. 1708.80; amount = principal + interest = Rs. 12388.80.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 10490 at 7% per year for 8 years.
A. Rs. 5974.40
B. Rs. 5874.40
C. Rs. 16364.40
D. Rs. 734.30
Correct Answer: B
SI = P×R×T/100 = 10490×7×8/100 = Rs. 5874.40.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 2280 simple interest in 4 years at 12% per annum. Find the principal.
A. Rs. 4650.00
B. Rs. 2280.00
C. Rs. 7030.00
D. Rs. 4750.00
Correct Answer: D
Principal = SI×100/(R×T) = 2280×100/(12×4) = Rs. 4750.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 6600 earns Rs. 2600 simple interest in 6 years. What annual rate was applied?
A. 6.57%
B. 6.00%
C. 7.57%
D. 5.57%
Correct Answer: A
Rate = SI×100/(P×T) = 2600×100/(6600×6) = 6.57%.