CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 2320 is invested for 7 years at 8% simple interest per annum. What is the maturity amount?
A. Rs. 1299.20
B. Rs. 3669.20
C. Rs. 3619.20
D. Rs. 1020.80
Correct Answer: C
Simple interest = Rs. 1299.20; amount = principal + interest = Rs. 3619.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 2130 at 7% per year for 6 years.
A. Rs. 894.60
B. Rs. 149.10
C. Rs. 3024.60
D. Rs. 994.60
Correct Answer: A
SI = P×R×T/100 = 2130×7×6/100 = Rs. 894.60.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A sum produces Rs. 520 simple interest in 5 years at 8% per annum. Find the principal.
A. Rs. 1820.00
B. Rs. 520.00
C. Rs. 1300.00
D. Rs. 1200.00
Correct Answer: C
Principal = SI×100/(R×T) = 520×100/(8×5) = Rs. 1300.00.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
A principal of Rs. 2200 earns Rs. 400 simple interest in 4 years. What annual rate was applied?
A. 3.55%
B. 5.55%
C. 4.00%
D. 4.55%
Correct Answer: D
Rate = SI×100/(P×T) = 400×100/(2200×4) = 4.55%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 1560 is invested for 3 years at 4% simple interest per annum. What is the maturity amount?
A. Rs. 1372.80
B. Rs. 1747.20
C. Rs. 1797.20
D. Rs. 187.20
Correct Answer: B
Simple interest = Rs. 187.20; amount = principal + interest = Rs. 1747.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Using simple interest, find the interest on Rs. 1370 at 3% per year for 2 years.
A. Rs. 182.20
B. Rs. 1452.20
C. Rs. 41.10
D. Rs. 82.20
Correct Answer: D
SI = P×R×T/100 = 1370×3×2/100 = Rs. 82.20.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 9500 take to earn Rs. 6840 at 12% simple interest per annum?
A. 0.72 years
B. 6 years
C. 12 years
D. 7 years
Correct Answer: B
T = SI×100/(P×R) = 6840×100/(9500×12) = 6 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 9000 yields Rs. 4950 simple interest in 5 years. What is the annual rate?
A. 13%
B. 5%
C. 11%
D. 10%
Correct Answer: C
R = SI×100/(P×T) = 4950×100/(9000×5) = 11%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 8000 at 9% simple interest per annum for 3 years?
A. Rs. 2160
B. Rs. 5840
C. Rs. 10169
D. Rs. 10160
Correct Answer: D
SI = Rs. 2160; amount = principal + SI = Rs. 10160.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 7500 at 8% per annum for 2 years.
A. Rs. 8700
B. Rs. 1208
C. Rs. 600
D. Rs. 1200
Correct Answer: D
SI = PRT/100 = 7500×8×2/100 = Rs. 1200.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 7000 take to earn Rs. 490 at 7% simple interest per annum?
A. 2 years
B. 0.07 years
C. 7 years
D. 1 years
Correct Answer: D
T = SI×100/(P×R) = 490×100/(7000×7) = 1 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 6500 yields Rs. 2340 simple interest in 6 years. What is the annual rate?
A. 6%-1
B. 5%
C. 8%
D. 6%
Correct Answer: D
R = SI×100/(P×T) = 2340×100/(6500×6) = 6%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 5500 at 4% simple interest per annum for 4 years?
A. Rs. 6384
B. Rs. 880
C. Rs. 6380
D. Rs. 4620
Correct Answer: C
SI = Rs. 880; amount = principal + SI = Rs. 6380.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 5000 at 12% per annum for 3 years.
A. Rs. 600
B. Rs. 6800
C. Rs. 1812
D. Rs. 1800
Correct Answer: D
SI = PRT/100 = 5000×12×3/100 = Rs. 1800.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 4500 take to earn Rs. 990 at 11% simple interest per annum?
A. 3 years
B. 0.22 years
C. 2 years
D. 11 years
Correct Answer: C
T = SI×100/(P×R) = 990×100/(4500×11) = 2 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 4000 yields Rs. 400 simple interest in 1 years. What is the annual rate?
A. 1%
B. 12%
C. 9%
D. 10%
Correct Answer: D
R = SI×100/(P×T) = 400×100/(4000×1) = 10%.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
What is the amount on Rs. 3000 at 8% simple interest per annum for 5 years?
A. Rs. 1800
B. Rs. 1200
C. Rs. 4200
D. Rs. 4208
Correct Answer: C
SI = Rs. 1200; amount = principal + SI = Rs. 4200.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Find the simple interest on Rs. 2500 at 7% per annum for 4 years.
A. Rs. 3200
B. Rs. 700
C. Rs. 707
D. Rs. 175
Correct Answer: B
SI = PRT/100 = 2500×7×4/100 = Rs. 700.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
How long will Rs. 2000 take to earn Rs. 360 at 6% simple interest per annum?
A. 0.18 years
B. 6 years
C. 4 years
D. 3 years
Correct Answer: D
T = SI×100/(P×R) = 360×100/(2000×6) = 3 years.
CSS - PMS - CCE - PCS - Mathematics
Simple Interest
Rs. 1500 yields Rs. 150 simple interest in 2 years. What is the annual rate?
A. 2%
B. 4%
C. 7%
D. 5%
Correct Answer: D
R = SI×100/(P×T) = 150×100/(1500×2) = 5%.