Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

The difference between simple interests on an amount @7% for 17 years and at 2% for 6 years is Rs. 535. What is the amount?

### Question 2

Mr. X borrowed Rs. 1500 from Mr. Y on simple interest @4% for 19 years. He then adds an amount x to it and lends it to Mr. Z @8% for the same duration. What is x if he gains Rs. 2052?

### Question 3

An investor puts an amount of Rs. 200 in a simple interest scheme. If it amounts to Rs. 254 in 3 years @9%, what would it had amounted to had the rate been 2% more?

### Question 4

An amount of Rs. 1000 is split into two parts. The first part is invested @5% for 6 years, and the second @7% for 8 years. What is the ratio of the first part is to the second part if they yield the same amount of simple interest?

**A**

$1{13/15}$.

**B**

$1{9/10}$.

**C**

$1{5/6}$.

**D**

$1{14/15}$.

**Soln.**

**Ans: a**

Let the amounts be x and y. We have x × r_{1} × t_{1} = y × r_{2} × t_{2}. We can see that x : y is same as r_{2}t_{2} : r_{1}t_{1}. The ratio is (7 × 8) : (5 × 6) = 56 : 30, or same as $1{13/15}$. *Please note that the answer is independent of the value of the total amount.*

### Question 5

An investor puts an amount of Rs. 4500 in a simple interest scheme. If the rate of interest is 4% per month, how long does he have to wait for getting an amount of Rs. 5940?

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This Blog Post/Article "Simple Interest Quiz Set 011" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.