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# Simple Interest Questions

Home > Quantitative Aptitude > Simple Interest > General Questions
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At a certain rate of simple interesrt,a sum double itsef in 10 years.In how many years would it treble itsef?

A30

B40

C15

ENone of these

Explanation:

Lets Assume after 10 years amount = 2p
so, SI=2P-P = P
P=(P*R*10)/100
r=10%
now amount = 3P
SI= 3P-P=2P
2P=(P*10*T)/100
T=20years

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A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

A5%

B7%

C8%

D10%

Explanation:

Let the rate be R% p.a.
Then, (5000 x R x 2)/100 + (3000 x R x 4)/100 = 2200.
=> 100R + 120R = 2200
=> R = 2200/220 = 10.
.'. Rate = 10%.

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A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount ?

A1000

B1500

C2000

D2500

Explanation:

SI for 3 year = 2600-2240 = 360
SI for 2 year 360/3 * 2 = 240
Principal = (2240 - 240) = Rs. 2000.

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If you deposit Rs. 110 in a bank at a simple interest of 12% per year, how much money will you have in the bank after 2 years?

A134

B136.4

C26.4

D24

E136

Explanation:

SI=PTR/100
SI=(110*2*12)/100
SI=26.4
Total amount aftr 2 yrs=P+SI=110+26.4=136.4

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The present worth of Rs.1404 due in two equal half-yearly instalments at 8% per annum. Simple interest is:

A1320

B1300

C1325

D1200

Explanation:

Here is no explanation for this answer

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Rambo took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If he paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A3.6

B6

C18

ENone of these

Explanation:

Let rate = R% and time = R years

Then, [1200

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If the ratio of difference between CI and SI for 3 years and 2 years is 31:10, then find the Rate of Interest.

A11.11%

B10%

C20%

D25%

ENone of these

Explanation:

Sum= A
Interest= B
A——–A———A
———-B———B
———————B
———————C
CI for 3 years=3A+3B+C
SI for 3 years =3A
Diff= 3B+cCI for 2 years=2A+B
SI for 2 years=2A
diff=B
ratio=(3B+C)/B=31/10
B=10; C=1
Rate=C/B=1/10=10%

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