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Simple Interest Questions in English

Competitive Exam Quantitative Aptitude · Interest · Simple Interest

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101
MediumMCQ
Adam borrowed some money at the rate of $6 \% \text{ p.a.}$ for the first two years,at the rate of $9 \% \text{ p.a.}$ for the next three years,and at the rate of $14 \% \text{ p.a.}$ for the period beyond five years. If he pays a total interest of ₹ $11,400$ at the end of nine years,how much money (in ₹) did he borrow?
A
$10000$
B
$11000$
C
$12000$
D
$13000$

Solution

(C) Let the principal amount borrowed be ₹ $x$.
The total time period is $9$ years.
Interest for the first $2$ years at $6 \% \text{ p.a.} = x \times \frac{6}{100} \times 2 = \frac{12x}{100}$.
Interest for the next $3$ years at $9 \% \text{ p.a.} = x \times \frac{9}{100} \times 3 = \frac{27x}{100}$.
Interest for the remaining period ($9 - 2 - 3 = 4$ years) at $14 \% \text{ p.a.} = x \times \frac{14}{100} \times 4 = \frac{56x}{100}$.
Total interest = $\frac{12x + 27x + 56x}{100} = \frac{95x}{100}$.
Given that the total interest is ₹ $11,400$,we have:
$\frac{95x}{100} = 11400$.
$x = \frac{11400 \times 100}{95}$.
$x = 120 \times 100 = 12000$.
Therefore,the amount borrowed is ₹ $12,000$.
102
MediumMCQ
At what rate per cent per annum will a sum of money double in $16$ years (in $.25$)?
A
$5$
B
$6$
C
$7$
D
$8$

Solution

(B) Let the principal be $P$ and the rate of interest be $R \%$ per annum.
Since the sum doubles in $16$ years,the Simple Interest $(SI)$ earned will be $SI = 2P - P = P$.
The formula for Simple Interest is $SI = \frac{P \times R \times T}{100}$.
Substituting the values,we get $P = \frac{P \times R \times 16}{100}$.
Dividing both sides by $P$,we get $1 = \frac{16R}{100}$.
Solving for $R$,we get $R = \frac{100}{16} = 6.25 \%$.
Therefore,the rate of interest is $6.25 \%$ per annum.
103
MediumMCQ
$A$ sum of ₹ $1,550$ is lent out in two parts,one at $8 \%$ and another at $6 \%$. If the total annual income is ₹ $106$,find the money lent at each rate.
A
₹ $600, 950$
B
₹ $650, 900$
C
₹ $700, 850$
D
₹ $550, 1,000$

Solution

(B) Let the amount lent at $8 \%$ be $x$ and the amount lent at $6 \%$ be $(1550 - x)$.
According to the problem,the total annual interest is ₹ $106$.
$\therefore \quad x \times \frac{8}{100} + (1550 - x) \times \frac{6}{100} = 106$
Multiply the entire equation by $100$:
$8x + 6(1550 - x) = 10600$
$8x + 9300 - 6x = 10600$
$2x = 10600 - 9300$
$2x = 1300$
$x = 650$
So,the amount lent at $8 \%$ is ₹ $650$.
The amount lent at $6 \%$ is $1550 - 650 = ₹ 900$.
Thus,the amounts are ₹ $650$ and ₹ $900$.
104
MediumMCQ
The simple interest on a sum of money is $\frac{4}{9}$ of the principal. Find the rate per cent and time,if both are numerically equal.
A
$6 \frac{1}{3} \%, 6$ years $4$ months
B
$6 \frac{2}{3} \%, 6$ years $8$ months
C
$5 \frac{2}{3} \%, 5$ years $8$ months
D
$5 \frac{1}{3} \%, 5$ years $4$ months

Solution

(B) Let the principal be $P$,the rate of interest be $R = x \%$,and the time be $T = x$ years.
The formula for simple interest is $SI = \frac{P \times R \times T}{100}$.
Given that $SI = \frac{4}{9} P$,we substitute the values:
$\frac{4}{9} P = \frac{P \times x \times x}{100}$
Dividing both sides by $P$:
$\frac{4}{9} = \frac{x^2}{100}$
Solving for $x^2$:
$x^2 = \frac{400}{9}$
$x = \sqrt{\frac{400}{9}} = \frac{20}{3} = 6 \frac{2}{3}$.
Therefore,the rate is $6 \frac{2}{3} \%$ and the time is $6 \frac{2}{3}$ years.
To convert $6 \frac{2}{3}$ years into years and months:
$6$ years $+ (\frac{2}{3} \times 12)$ months $= 6$ years and $8$ months.
105
MediumMCQ
An automobile financier claims to be lending money at simple interest,but he includes the interest every six months for calculating the principal. If he is charging an interest of $10 \%$ per annum,the effective rate of interest becomes (in $\%$):
A
$10$
B
$10.25$
C
$10.5$
D
$10.75$

Solution

(B) Let the principal amount be $₹ 100$.
Since the interest is calculated every six months,the rate for each six-month period is $10 \% / 2 = 5 \%$.
Step $1$: Interest for the first $6$ months $= 100 \times (5/100) = ₹ 5$.
Amount at the end of $6$ months $= 100 + 5 = ₹ 105$.
Step $2$: For the next $6$ months,the principal becomes $₹ 105$.
Interest for the second $6$ months $= 105 \times (5/100) = ₹ 5.25$.
Amount at the end of $12$ months $= 105 + 5.25 = ₹ 110.25$.
Step $3$: The effective interest earned over one year is $110.25 - 100 = 10.25$.
Therefore,the effective rate of interest is $10.25 \%$.
106
MediumMCQ
The simple interest on ₹ $500$ at $6 \%$ per annum from $May$ $3^{rd}$ to $July$ $15^{th}$ in the same year is (in ₹):
A
$9$
B
$6$
C
$4$
D
None of these

Solution

(B) To calculate the simple interest,we first determine the time period in years.
Time from $May$ $3^{rd}$ to $July$ $15^{th}$:
$May$ remaining days: $31 - 3 = 28$ days.
$June$ days: $30$ days.
$July$ days: $15$ days.
Total days = $28 + 30 + 15 = 73$ days.
Convert days into years: $T = \frac{73}{365} = \frac{1}{5}$ years.
Given: Principal $(P)$ = ₹ $500$,Rate $(R)$ = $6 \%$ per annum.
Simple Interest $(I)$ = $\frac{P \times R \times T}{100}$.
$I = \frac{500 \times 6 \times (1/5)}{100} = \frac{500 \times 6}{100 \times 5} = \frac{3000}{500} = ₹ 6$.
Thus,the correct option is $B$.
107
MediumMCQ
Mr. Irani borrowed a sum of ₹ $10000$ from a finance company for $6$ years at $8 \%$ per annum. The amount (in ₹) returned by Mr. Irani to the finance company is:
A
$14800$
B
$12600$
C
$13300$
D
None of these

Solution

(A) Given: Principal $(P)$ = ₹ $10000$,Rate of interest $(R)$ = $8 \%$ per annum,Time $(T)$ = $6$ years.
First,calculate the Simple Interest $(I)$ using the formula: $I = \frac{P \times R \times T}{100}$.
$I = \frac{10000 \times 8 \times 6}{100} = 100 \times 48 = ₹ 4800$.
The total amount $(A)$ to be returned is the sum of the principal and the interest: $A = P + I$.
$A = 10000 + 4800 = ₹ 14800$.
Therefore,Mr. Irani returned ₹ $14800$ to the finance company.
108
EasyMCQ
The principal (in ₹) that will yield ₹ $60$ as simple interest at $6 \%$ per annum in $5$ years is
A
$175$
B
$350$
C
$200$
D
None of these

Solution

(C) Given: Simple Interest $(I) = ₹ 60$,Rate $(R) = 6 \%$ per annum,Time $(T) = 5$ years.
The formula for Simple Interest is $I = \frac{P \times R \times T}{100}$,where $P$ is the principal.
Rearranging the formula to solve for $P$: $P = \frac{100 \times I}{R \times T}$.
Substituting the given values: $P = \frac{100 \times 60}{6 \times 5}$.
$P = \frac{6000}{30} = ₹ 200$.
Therefore,the principal is ₹ $200$.
109
EasyMCQ
The sum of money that will produce ₹ $1770$ interest in $7 \frac{1}{2}$ years at $8 \%$ simple interest per annum is:
A
$2950$
B
$3120$
C
$2800$
D
None of these

Solution

(A) Given: Simple Interest $(I) = ₹ 1770$,Rate of interest $(R) = 8 \%$ per annum,Time $(T) = 7 \frac{1}{2} \text{ years} = \frac{15}{2} \text{ years}$.
The formula for Simple Interest is $I = \frac{P \times R \times T}{100}$,where $P$ is the Principal.
Rearranging the formula to find the Principal $(P)$:
$P = \frac{100 \times I}{R \times T}$
Substituting the given values:
$P = \frac{100 \times 1770}{8 \times \frac{15}{2}}$
$P = \frac{100 \times 1770}{4 \times 15}$
$P = \frac{100 \times 1770}{60}$
$P = \frac{10 \times 1770}{6} = \frac{17700}{6} = ₹ 2950$.
Therefore,the required sum of money is ₹ $2950$.
110
EasyMCQ
If the simple interest on a certain sum of money after $6 \frac{1}{4}$ years is $\frac{3}{8}$ of the principal,then the rate of interest (in $\%$) per annum is
A
$5$
B
$6$
C
$4$
D
None of these

Solution

(B) Let the principal sum be $P = x$.
Given that the simple interest $(SI)$ is $\frac{3}{8}$ of the principal,so $SI = \frac{3}{8}x$.
The time period $(T)$ is given as $6 \frac{1}{4}$ years,which is equal to $\frac{25}{4}$ years.
The formula for simple interest is $SI = \frac{P \times R \times T}{100}$.
Rearranging the formula to find the rate of interest $(R)$: $R = \frac{100 \times SI}{P \times T}$.
Substituting the values: $R = \frac{100 \times (\frac{3}{8}x)}{x \times \frac{25}{4}}$.
$R = \frac{100 \times 3 \times 4}{8 \times 25} = \frac{1200}{200} = 6 \%$.
Thus,the rate of interest per annum is $6 \%$.
111
MediumMCQ
Rakesh borrowed ₹ $5000$ from Ganesh at simple interest. If Ganesh received ₹ $500$ more than his capital after $5$ years,then the rate of interest (in $\%$) per annum is:
A
$2$
B
$3$
C
$4$
D
None of these

Solution

(A) Given:
Principal $(P)$ = ₹ $5000$
Simple Interest $(I)$ = ₹ $500$ (since he received ₹ $500$ more than the capital)
Time $(T)$ = $5$ years
The formula for Simple Interest is $I = \frac{P \times R \times T}{100}$.
Rearranging for the rate of interest $(R)$:
$R = \frac{100 \times I}{P \times T}$
Substituting the values:
$R = \frac{100 \times 500}{5000 \times 5}$
$R = \frac{50000}{25000}$
$R = 2 \%$
Therefore,the rate of interest per annum is $2 \%$.
112
EasyMCQ
The rate percent per annum at which ₹ $1200$ amounts to ₹ $1440$ in $4$ years is:
A
$5$
B
$4$
C
$6$
D
None of these

Solution

(A) Given: Principal $(P) = ₹ 1200$,Amount $(A) = ₹ 1440$,Time $(T) = 4$ years.
First,calculate the Simple Interest $(I)$:
$I = A - P = 1440 - 1200 = ₹ 240$.
Now,use the formula for the rate of interest $(R)$:
$R = \frac{100 \times I}{P \times T}$
Substitute the values:
$R = \frac{100 \times 240}{1200 \times 4}$
$R = \frac{24000}{4800} = 5 \%$.
Therefore,the rate per cent per annum is $5 \%$.
113
MediumMCQ
If the simple interest on a certain sum of money is ₹ $256$ and the rate of interest per annum equals the number of years,then the rate of interest (in $\%$) is:
A
$13$
B
$14$
C
$16$
D
None of these

Solution

(C) Let the principal sum be $P$ and the simple interest $I = ₹ 256$.
Let the rate of interest per annum be $R = x \%$ and the time period be $T = x$ years.
The formula for simple interest is $I = \frac{P \times R \times T}{100}$.
Substituting the given values: $256 = \frac{P \times x \times x}{100} \Rightarrow P = \frac{25600}{x^2}$.
Note: The problem implies the interest is calculated on a principal of $₹ 100$ (a standard assumption for such problems where the principal is not specified but the interest is absolute). If $P = 100$,then $256 = \frac{100 \times x \times x}{100}$.
$256 = x^2$.
$x = \sqrt{256} = 16$.
Therefore,the rate of interest is $16 \%$.
114
MediumMCQ
If the simple interest on a certain sum of money for $2$ $years$ is one-fifth of the sum,then the rate of interest (in $\%$) per annum is
A
$9$
B
$10$
C
$8$
D
None of these

Solution

(B) Let the principal sum be $P = ₹ x$.
Given that the time $T = 2$ $years$.
The simple interest $I$ is one-fifth of the principal,so $I = \frac{x}{5}$.
The formula for the rate of interest $R$ is given by $R = \frac{100 \times I}{P \times T}$.
Substituting the values,we get $R = \frac{100 \times (x/5)}{x \times 2}$.
Simplifying the expression: $R = \frac{100}{5 \times 2} = \frac{100}{10} = 10 \%$.
Thus,the rate of interest is $10 \%$ per annum.
115
EasyMCQ
If the simple interest on a certain sum of money is $\frac{4}{25}$ of the sum and the rate per cent equals the number of years,then the rate of interest (in $\%$) per annum is
A
$2$
B
$3$
C
$4$
D
None of these

Solution

(C) Let the principal sum be $P = x$.
According to the problem,the simple interest $I = \frac{4}{25}x$.
Let the rate of interest be $r \%$ per annum and the time period be $T = r$ years.
The formula for simple interest is $I = \frac{P \times R \times T}{100}$.
Substituting the values: $\frac{4}{25}x = \frac{x \times r \times r}{100}$.
Dividing both sides by $x$: $\frac{4}{25} = \frac{r^2}{100}$.
Multiplying both sides by $100$: $r^2 = \frac{4 \times 100}{25} = 4 \times 4 = 16$.
Taking the square root: $r = \sqrt{16} = 4$.
Thus,the rate of interest is $4 \%$ per annum.
116
MediumMCQ
If a certain sum of money borrowed at $5 \%$ per annum simple interest amounts to ₹ $1020$ in $4$ years,then the sum of money (in ₹) borrowed is:
A
$850$
B
$925$
C
$750$
D
None of these

Solution

(A) Given: Amount $(A) = ₹ 1020$,Time $(T) = 4$ years,Rate $(R) = 5 \%$ per annum.
Let the principal sum borrowed be $P = ₹ x$.
We know that the Simple Interest $(I) = A - P = 1020 - x$.
Using the formula for Simple Interest: $I = \frac{P \times R \times T}{100}$.
Substituting the values: $1020 - x = \frac{x \times 5 \times 4}{100}$.
$1020 - x = \frac{20x}{100}$.
$1020 - x = \frac{x}{5}$.
Multiplying both sides by $5$: $5100 - 5x = x$.
$6x = 5100$.
$x = \frac{5100}{6} = 850$.
Therefore,the sum of money borrowed is ₹ $850$.
117
MediumMCQ
In what time (in $years$) will ₹ $1200$ become ₹ $1344$ at $6 \%$ per annum simple interest?
A
$2.5$
B
$3$
C
$2$
D
None of these

Solution

(C) Given:
Principal $(P) = ₹ 1200$
Amount $(A) = ₹ 1344$
Rate $(R) = 6 \% \text{ per annum}$
Step $1$: Calculate the Simple Interest $(I)$.
$I = A - P = 1344 - 1200 = ₹ 144$
Step $2$: Use the formula for Time $(T)$.
$T = \frac{100 \times I}{P \times R}$
$T = \frac{100 \times 144}{1200 \times 6}$
$T = \frac{14400}{7200} = 2 \text{ years}$.
Thus,the required time is $2 \text{ years}$.
118
MediumMCQ
In what time will ₹ $8100$ produce the same income at $3 \%$ as ₹ $225$ in $4$ years at $3 \%$?
A
$\frac{1}{7}$ years
B
$\frac{1}{9}$ years
C
$\frac{1}{6}$ years
D
None of these

Solution

(B) The interest earned on ₹ $225$ in $4$ years at $3 \%$ is calculated as:
Interest $= \frac{P \times R \times T}{100} = \frac{225 \times 3 \times 4}{100} = ₹ 27$.
Now,we need to find the time $T$ such that ₹ $8100$ earns the same interest (₹ $27$) at $3 \%$ rate.
Using the formula $T = \frac{100 \times I}{P \times R}$:
$T = \frac{100 \times 27}{8100 \times 3} = \frac{2700}{24300} = \frac{1}{9}$ years.
119
MediumMCQ
If ₹ $1000$ is invested at an interest rate of $5 \%$ and the interest is added to the principal every $10$ years,then the number of years in which it will amount to ₹ $2000$ is:
A
$16 \frac{2}{3}$ years
B
$16 \frac{1}{4}$ years
C
$16$ years
D
None of these

Solution

(A) The interest earned in $10$ years on ₹ $1000$ at $5 \%$ per annum is:
$I_1 = \frac{P \times R \times T}{100} = \frac{1000 \times 5 \times 10}{100} = ₹ 500$
The principal now becomes $P_2 = 1000 + 500 = ₹ 1500$.
We now find the time $T_2$ in which ₹ $1500$ becomes ₹ $2000$ at $5 \%$ per annum:
$I_2 = A - P_2 = 2000 - 1500 = ₹ 500$
$T_2 = \frac{100 \times I_2}{R \times P_2} = \frac{100 \times 500}{5 \times 1500} = \frac{100}{15} = 6 \frac{2}{3}$ years.
Total time = $10 + 6 \frac{2}{3} = 16 \frac{2}{3}$ years.
120
MediumMCQ
If ₹ $500$ amounts to ₹ $725$ at $9 \%$ simple interest in some time,what will ₹ $600$ amount (in ₹) to at $11 \%$ in the same time?
A
$870$
B
$930$
C
$910$
D
None of these

Solution

(B) Step $1$: Calculate the time period.
Simple Interest $(SI) = \text{Amount} - \text{Principal} = 725 - 500 = ₹ 225$.
Using the formula $SI = \frac{P \times R \times T}{100}$,we have $225 = \frac{500 \times 9 \times T}{100}$.
$225 = 45 \times T$,so $T = \frac{225}{45} = 5$ years.
Step $2$: Calculate the new amount for $P = ₹ 600$ at $R = 11 \%$ for $T = 5$ years.
$SI = \frac{600 \times 11 \times 5}{100} = 6 \times 55 = ₹ 330$.
Amount $(A) = P + SI = 600 + 330 = ₹ 930$.
121
DifficultMCQ
Sumit lends ₹ $10000$ for $2$ $years$ at $20 \%$ per annum simple interest. After $1$ $year,$ he receives ₹ $6000$. How much (in ₹) will he receive next year?
A
$5900$
B
$6400$
C
$7200$
D
None of these

Solution

(C) The principal amount $P = ₹ 10000$,rate $R = 20 \%$ per annum,and time $T = 1$ $year$.
The total amount after $1$ $year$ is calculated as:
$A_1 = P \left(1 + \frac{R \times T}{100}\right) = 10000 \left(1 + \frac{20 \times 1}{100}\right) = 10000 \times 1.2 = ₹ 12000$.
Sumit receives ₹ $6000$ after $1$ $year$. The remaining principal amount for the second year is:
$P_{new} = 12000 - 6000 = ₹ 6000$.
Now,the amount to be received at the end of the second year on the remaining principal is:
$A_2 = P_{new} \left(1 + \frac{R \times T}{100}\right) = 6000 \left(1 + \frac{20 \times 1}{100}\right) = 6000 \times 1.2 = ₹ 7200$.
122
MediumMCQ
What principal will amount (in ₹) to ₹ $15000$ at $10 \%$ per annum in $5$ years?
A
$10000$
B
$8700$
C
$10500$
D
None of these

Solution

(A) Given: Amount $(A)$ = ₹ $15000$,Rate $(R)$ = $10 \%$ per annum,Time $(T)$ = $5$ years.
The formula for the amount in simple interest is $A = P + SI$,where $SI = \frac{P \times R \times T}{100}$.
Substituting the formula for $SI$: $A = P + \frac{P \times R \times T}{100} = P \left(1 + \frac{R \times T}{100}\right)$.
Rearranging to solve for Principal $(P)$: $P = \frac{A \times 100}{100 + (R \times T)}$.
Substituting the given values: $P = \frac{15000 \times 100}{100 + (10 \times 5)} = \frac{1500000}{100 + 50} = \frac{1500000}{150}$.
$P = ₹ 10000$.
123
MediumMCQ
The annual payment that will discharge a debt of ₹ $47250$ due in $3$ years at the rate of $5 \%$ simple interest per annum is:
A
$8000$
B
$10000$
C
$15000$
D
None of these

Solution

(C) Let the annual payment be $x$.
The debt is discharged in $3$ years,meaning the payments are made at the end of year $1$,year $2$,and year $3$.
The amount of the first payment $x$ will earn interest for $2$ years,the second payment $x$ will earn interest for $1$ year,and the third payment $x$ will earn no interest.
Total amount $= x(1 + \frac{R \times 2}{100}) + x(1 + \frac{R \times 1}{100}) + x(1 + \frac{R \times 0}{100}) = 47250$.
$x(1 + \frac{5 \times 2}{100}) + x(1 + \frac{5 \times 1}{100}) + x = 47250$.
$x(1 + 0.10) + x(1 + 0.05) + x = 47250$.
$1.10x + 1.05x + 1.00x = 47250$.
$3.15x = 47250$.
$x = \frac{47250}{3.15} = 15000$.
Thus,the annual payment is ₹ $15000$.
124
MediumMCQ
The annual instalment that will discharge a debt of ₹ $4200$ due in $5$ years at $10 \%$ simple interest (in ₹) is:
A
$700$
B
$750$
C
$800$
D
None of these

Solution

(A) Given: Total debt $A = ₹ 4200$,Time $T = 5$ years,Rate $R = 10 \%$ per annum.
The formula for the annual instalment to discharge a debt $A$ in $T$ years at $R \%$ simple interest is:
$\text{Instalment} = \frac{100 \times A}{100 \times T + \frac{R \times T(T-1)}{2}}$
Substituting the values:
$\text{Instalment} = \frac{100 \times 4200}{100 \times 5 + \frac{10 \times 5 \times (5-1)}{2}}$
$= \frac{420000}{500 + \frac{10 \times 5 \times 4}{2}}$
$= \frac{420000}{500 + 100}$
$= \frac{420000}{600}$
$= ₹ 700$
Thus,the annual instalment is ₹ $700$.
125
DifficultMCQ
If the amount obtained by Mahesh by investing ₹ $1500$ for $2 \frac{1}{2}$ years at the rate of $8 \%$ $p.a.$ is equal to the amount obtained by Suresh by investing a certain sum for $2$ years at $5 \%$ $p.a.$ simple interest,then the sum invested by Suresh is
A
₹ $1636 \frac{4}{11}$
B
₹ $1636$
C
₹ $1636 \frac{1}{2}$
D
None of these

Solution

(A) Let the sum invested by Mahesh be $P_1 = ₹ 1500$,rate $R_1 = 8 \%$,and time $T_1 = 2.5$ years.
The amount $A_1$ obtained by Mahesh is $P_1 + \text{Simple Interest} = P_1(1 + \frac{R_1 T_1}{100})$.
$A_1 = 1500(1 + \frac{8 \times 2.5}{100}) = 1500(1 + \frac{20}{100}) = 1500(1.2) = ₹ 1800$.
Let the sum invested by Suresh be $P_2 = x$,rate $R_2 = 5 \%$,and time $T_2 = 2$ years.
The amount $A_2$ obtained by Suresh is $P_2(1 + \frac{R_2 T_2}{100})$.
$A_2 = x(1 + \frac{5 \times 2}{100}) = x(1 + \frac{10}{100}) = x(1.1) = 1.1x$.
Since $A_1 = A_2$,we have $1800 = 1.1x$.
$x = \frac{1800}{1.1} = \frac{18000}{11} = 1636 \frac{4}{11}$.
Thus,the sum invested by Suresh is ₹ $1636 \frac{4}{11}$.
126
DifficultMCQ
$A$ man invests ₹ $3965$ in the names of his three daughters,Neeta,Sita,and Gita,in such a way that they would receive the same amount after $2, 3,$ and $4$ years. If the rate of interest is $5 \%$ p.a.,then the amount (in ₹) invested for Neeta,Sita,and Gita is:
A
$1380, 1320, 1265$
B
$1330, 1360, 1380$
C
$1265, 1320, 1340$
D
None of these

Solution

(A) Let the amounts invested for Neeta,Sita,and Gita be $P_1, P_2,$ and $P_3$ respectively.
Given that the total amount $P_1 + P_2 + P_3 = 3965$.
Since the final amount received is the same for all,we use the formula $A = P(1 + \frac{RT}{100})$.
$P_1(1 + \frac{5 \times 2}{100}) = P_2(1 + \frac{5 \times 3}{100}) = P_3(1 + \frac{5 \times 4}{100})$
$P_1(1.10) = P_2(1.15) = P_3(1.20)$
$P_1 : P_2 : P_3 = \frac{1}{1.10} : \frac{1}{1.15} : \frac{1}{1.20} = \frac{1}{110} : \frac{1}{115} : \frac{1}{120}$
Multiplying by the $LCM$ of $110, 115, 120$ (which is $27600$):
$P_1 : P_2 : P_3 = 276 : 264 : 253$
Sum of ratios $= 276 + 264 + 253 = 793$.
Neeta's share $= \frac{276}{793} \times 3965 = 276 \times 5 = ₹ 1380$.
Sita's share $= \frac{264}{793} \times 3965 = 264 \times 5 = ₹ 1320$.
Gita's share $= \frac{253}{793} \times 3965 = 253 \times 5 = ₹ 1265$.
127
MediumMCQ
$A$ sum of money at simple interest becomes four times in $24$ years. The rate per cent of interest per annum is
A
$13.75$
B
$12.50$
C
$11.75$
D
None of these

Solution

(B) Let the principal sum be $P$ and the rate of interest be $R \%$ per annum.
According to the problem,the amount becomes $4P$ in $24$ years.
Simple Interest $(SI) = \text{Amount} - \text{Principal} = 4P - P = 3P$.
Using the formula for simple interest: $SI = \frac{P \times R \times T}{100}$.
Substituting the values: $3P = \frac{P \times R \times 24}{100}$.
$3 = \frac{R \times 24}{100}$.
$R = \frac{3 \times 100}{24} = \frac{300}{24} = 12.5 \%$.
Thus,the rate of interest is $12.50 \%$ per annum.
128
MediumMCQ
In how many years will a sum of money treble itself at $10 \%$ per annum simple interest?
A
$15$
B
$19$
C
$20$
D
None of these

Solution

(C) Let the principal amount be $P$.
Since the sum of money trebles itself,the final amount $A = 3P$.
The simple interest $SI = A - P = 3P - P = 2P$.
The rate of interest $R = 10 \%$ per annum.
Using the formula for simple interest: $SI = \frac{P \times R \times T}{100}$.
Substituting the values: $2P = \frac{P \times 10 \times T}{100}$.
$2 = \frac{10T}{100}$.
$2 = \frac{T}{10}$.
$T = 20$ years.
Thus,the sum of money will treble itself in $20$ years.
129
MediumMCQ
$A$ sum of money doubles itself in $8$ years. In how many years will it treble?
A
$16$
B
$15$
C
$14$
D
None of these

Solution

(A) Let the principal amount be $P$ and the rate of simple interest be $R$ percent per annum.
According to the problem,the amount doubles in $8$ years,so the simple interest $SI = P$.
Using the formula $SI = \frac{P \times R \times T}{100}$,we have $P = \frac{P \times R \times 8}{100}$,which gives $R = 12.5\%$.
Now,we want the sum to treble,which means the amount becomes $3P$,so the simple interest $SI = 3P - P = 2P$.
Using the formula $2P = \frac{P \times 12.5 \times T^{\prime}}{100}$,we get $2 = \frac{12.5 \times T^{\prime}}{100}$.
$T^{\prime} = \frac{200}{12.5} = 16$ years.
Thus,the sum will treble in $16$ years.
130
EasyMCQ
$A$ sum was put at simple interest at a certain rate for $4$ $years$. Had it been put at $2 \%$ higher rate,it would have fetched ₹ $56$ more. Find the sum (In ₹).
A
$680$
B
$700$
C
$720$
D
None of these

Solution

(B) Let the principal sum be $P$ and the original rate of interest be $R \%$.
Simple Interest $(SI)$ is given by the formula: $SI = \frac{P \times R \times T}{100}$.
According to the problem,the time $T = 4$ years.
If the rate is increased by $2 \%$,the new rate becomes $(R + 2) \%$.
The difference in simple interest is given as ₹ $56$.
So,$\frac{P \times (R + 2) \times 4}{100} - \frac{P \times R \times 4}{100} = 56$.
$\frac{4P}{100} \times (R + 2 - R) = 56$.
$\frac{4P}{100} \times 2 = 56$.
$\frac{8P}{100} = 56$.
$P = \frac{56 \times 100}{8} = 7 \times 100 = 700$.
Therefore,the sum is ₹ $700$.
131
MediumMCQ
If the interest on ₹ $800$ is more than the interest on ₹ $400$ by ₹ $40$ in $2$ years,then the rate of interest (in $\%$) per annum is:
A
$5$
B
$5.5$
C
$6$
D
None of these

Solution

(A) Given that the difference in Simple Interest $(SI)$ for the same time period is ₹ $40$.
Let the rate of interest be $R \%$ per annum.
Time $(T)$ = $2$ years.
Difference in principal amounts = $₹ 800 - ₹ 400 = ₹ 400$.
Using the formula for Simple Interest: $SI = \frac{P \times R \times T}{100}$.
The difference in interest is given by: $\Delta SI = \frac{(P_1 - P_2) \times R \times T}{100}$.
Substituting the values: $40 = \frac{400 \times R \times 2}{100}$.
$40 = 8 \times R$.
$R = \frac{40}{8} = 5 \%$.
Therefore,the rate of interest is $5 \%$ per annum.
132
EasyMCQ
If the difference between the simple interest on a certain sum for $4$ $years$ at $2 \frac{1}{2} \%$ per annum and the simple interest on the same sum for the same period at $3 \%$ per annum is ₹ $60$,then the sum (in ₹) is:
A
$3000$
B
$2900$
C
$3100$
D
None of these

Solution

(A) Let the principal sum be $P$.
Given time $T = 4$ years.
Rate $R_1 = 2 \frac{1}{2} \% = 2.5 \%$ per annum.
Rate $R_2 = 3 \%$ per annum.
The difference in simple interest is given by: $SI_2 - SI_1 = 60$.
Using the formula $SI = \frac{P \times R \times T}{100}$,we have:
$\frac{P \times 3 \times 4}{100} - \frac{P \times 2.5 \times 4}{100} = 60$
$\frac{12P}{100} - \frac{10P}{100} = 60$
$\frac{2P}{100} = 60$
$2P = 6000$
$P = 3000$.
Therefore,the sum is ₹ $3000$.
133
MediumMCQ
If a certain sum of money at simple interest amounts to ₹ $2800$ in $2$ $years$ and ₹ $3250$ in $5$ $years$,then the rate of interest (in $\%$) per annum is:
A
$4$
B
$6$
C
$5$
D
None of these

Solution

(B) Let the principal be $P$ and the rate of interest be $R \%$.
Simple interest for $3$ years ($5$ years - $2$ years) = $₹ 3250 - ₹ 2800 = ₹ 450$.
Simple interest for $1$ year = $₹ 450 / 3 = ₹ 150$.
Simple interest for $2$ years = $₹ 150 \times 2 = ₹ 300$.
Principal $(P)$ = Amount after $2$ years - Simple interest for $2$ years = $₹ 2800 - ₹ 300 = ₹ 2500$.
Rate of interest $(R)$ = $(SI \times 100) / (P \times T) = (150 \times 100) / (2500 \times 1) = 15000 / 2500 = 6 \%$.
Therefore,the rate of interest is $6 \%$ per annum.
134
MediumMCQ
If a certain sum of money amounts to ₹ $1760$ in $2$ years and ₹ $2000$ in $5$ years at simple interest,then the sum (in ₹) is:
A
$1960$
B
$1590$
C
$1600$
D
None of these

Solution

(C) Let the principal be $P$ and the rate of interest be $R$ per annum.
Simple interest for $3$ years ($5$ years $- 2$ years) $= ₹ 2000 - ₹ 1760 = ₹ 240$.
Simple interest for $1$ year $= ₹ 240 / 3 = ₹ 80$.
Simple interest for $2$ years $= ₹ 80 \times 2 = ₹ 160$.
Principal $(P) = \text{Amount after } 2 \text{ years} - \text{Simple interest for } 2 \text{ years}$.
$P = ₹ 1760 - ₹ 160 = ₹ 1600$.
Thus,the sum is ₹ $1600$.
135
EasyMCQ
$A$ certain sum is invested for a certain time. It amounts to ₹ $450$ at $7 \%$ per annum. But when invested at $5 \%$ per annum,it amounts to ₹ $350$. Find the sum (in ₹).
A
$60$
B
$100$
C
$120$
D
None of these

Solution

(B) Let the principal be $P$ and the time be $T$ years.
Using the formula for amount in simple interest: $A = P + \frac{P \times R \times T}{100} = P(1 + \frac{RT}{100})$.
For the first case: $450 = P(1 + \frac{7T}{100}) \implies 450 = P + \frac{7PT}{100} \implies \frac{7PT}{100} = 450 - P$ --- $(1)$
For the second case: $350 = P(1 + \frac{5T}{100}) \implies 350 = P + \frac{5PT}{100} \implies \frac{5PT}{100} = 350 - P$ --- $(2)$
Dividing $(1)$ by $(2)$: $\frac{7PT/100}{5PT/100} = \frac{450 - P}{350 - P} \implies \frac{7}{5} = \frac{450 - P}{350 - P}$.
Cross-multiplying: $7(350 - P) = 5(450 - P) \implies 2450 - 7P = 2250 - 5P$.
$2450 - 2250 = 7P - 5P \implies 200 = 2P \implies P = 100$.
The sum is ₹ $100$.
136
MediumMCQ
$A$ certain sum is invested for $T$ years. It amounts to ₹ $400$ at $10 \%$ $p.a.$. But,when invested at $4 \%$ $p.a.$,it amounts to ₹ $200$. Find the time (in years) $(T)$.
A
$41$
B
$39$
C
$50$
D
None of these

Solution

(C) Let the principal sum be $P$ and the time be $T$ years.
Using the simple interest formula $A = P + (P \times R \times T) / 100$,we have:
$400 = P + (P \times 10 \times T) / 100 \implies 400 = P(1 + 0.1T) \quad (i)$
$200 = P + (P \times 4 \times T) / 100 \implies 200 = P(1 + 0.04T) \quad (ii)$
Dividing equation $(i)$ by $(ii)$:
$400 / 200 = (1 + 0.1T) / (1 + 0.04T)$
$2 = (1 + 0.1T) / (1 + 0.04T)$
$2(1 + 0.04T) = 1 + 0.1T$
$2 + 0.08T = 1 + 0.1T$
$2 - 1 = 0.1T - 0.08T$
$1 = 0.02T$
$T = 1 / 0.02 = 50$ years.
137
MediumMCQ
If a sum of ₹ $9$ is lent to be paid back in $10$ equal monthly instalments of ₹ $1$ each,then the rate of interest is
A
$266 \frac{2}{3} \%$
B
$265 \frac{3}{4} \%$
C
$266 \%$
D
None of these

Solution

(A) Given: Principal amount $P = ₹ 9$,Monthly instalment $a = ₹ 1$,Number of instalments $n = 10$,Time period for interest calculation $b = 12$ months (annual rate).
The formula for the total amount paid in instalments including simple interest is:
$z = na + \frac{R \times a}{100 \times 12} \times \frac{n(n-1)}{2}$
Here,$z$ is the total amount paid,which is $10 \times 1 = ₹ 10$. The principal lent is $₹ 9$.
Substituting the values:
$10 = 9 + \text{Interest}$
Interest $= 10 - 9 = ₹ 1$.
Using the formula for interest on instalments:
$1 = \frac{R \times 1}{100 \times 12} \times \frac{10 \times 9}{2}$
$1 = \frac{R \times 90}{2400}$
$R = \frac{2400}{9} = \frac{800}{3} = 266 \frac{2}{3} \%$.
138
DifficultMCQ
$A$ sum of ₹ $7700$ is to be divided among three brothers Vikas,Vijay,and Viraj in such a way that the simple interest on each part at $5 \%$ $p.a.$ after $1, 2,$ and $3$ years,respectively,remains equal. The share (in ₹) of Vikas is more than that of Viraj by:
A
$2800$
B
$2500$
C
$3000$
D
None of these

Solution

(A) Let the shares of Vikas,Vijay,and Viraj be $P_1, P_2,$ and $P_3$ respectively.
Given that the simple interest on each part is equal at $R = 5 \%$ $p.a.$
Simple Interest $SI = \frac{P \times R \times T}{100}$.
For Vikas: $SI_1 = \frac{P_1 \times 5 \times 1}{100} = \frac{5P_1}{100}$.
For Vijay: $SI_2 = \frac{P_2 \times 5 \times 2}{100} = \frac{10P_2}{100}$.
For Viraj: $SI_3 = \frac{P_3 \times 5 \times 3}{100} = \frac{15P_3}{100}$.
Since $SI_1 = SI_2 = SI_3$,we have $5P_1 = 10P_2 = 15P_3$.
Dividing by $5$,we get $P_1 = 2P_2 = 3P_3$.
To find the ratio $P_1 : P_2 : P_3$,we take the $LCM$ of $1, 2,$ and $3$,which is $6$.
$P_1 = 6k, 2P_2 = 6k \implies P_2 = 3k, 3P_3 = 6k \implies P_3 = 2k$.
The ratio $P_1 : P_2 : P_3 = 6 : 3 : 2$.
Total sum $= 6k + 3k + 2k = 11k = 7700$.
$k = \frac{7700}{11} = 700$.
Share of Vikas $= 6 \times 700 = ₹ 4200$.
Share of Viraj $= 2 \times 700 = ₹ 1400$.
Difference $= 4200 - 1400 = ₹ 2800$.
139
MediumMCQ
If simple interest on a certain sum of money for $4$ years at $5 \%$ $p.a.$ is same as the simple interest on ₹ $560$ for $10$ years at the rate of $4 \%$ $p.a.$,then the sum of money (in ₹) is
A
$1190$
B
$1120$
C
$1210$
D
None of these

Solution

(B) Let the required sum of money be $₹ x$.
Simple Interest $(SI)$ is calculated using the formula: $SI = \frac{P \times R \times T}{100}$.
According to the problem,the simple interest on $₹ x$ for $4$ years at $5 \%$ $p.a.$ is equal to the simple interest on $₹ 560$ for $10$ years at $4 \%$ $p.a$.
So,$\frac{x \times 5 \times 4}{100} = \frac{560 \times 4 \times 10}{100}$.
Canceling $100$ from both sides,we get: $x \times 20 = 560 \times 40$.
$x \times 20 = 22400$.
$x = \frac{22400}{20} = 1120$.
Therefore,the sum of money is $₹ 1120$.
140
MediumMCQ
Mr. Mani invested an amount of ₹ $12000$ at a simple interest rate of $10 \%$ $p.a.$ and another amount at a simple interest rate of $20 \%$ $p.a.$. The total interest earned at the end of one year on the total amount invested was $14 \%$ $p.a.$. Find the total amount (in ₹) invested.
A
$20000$
B
$20800$
C
$21000$
D
None of these

Solution

(A) Let the second amount invested be $P_{2}$.
Given: $P_{1} = ₹ 12000$,$R_{1} = 10 \%$,$R_{2} = 20 \%$,and the effective rate of interest $R = 14 \%$.
The formula for the weighted average rate of interest is $R = \frac{P_{1}R_{1} + P_{2}R_{2}}{P_{1} + P_{2}}$.
Substituting the values: $14 = \frac{12000 \times 10 + P_{2} \times 20}{12000 + P_{2}}$.
$14(12000 + P_{2}) = 120000 + 20P_{2}$.
$168000 + 14P_{2} = 120000 + 20P_{2}$.
$6P_{2} = 48000$.
$P_{2} = ₹ 8000$.
Total amount invested $= P_{1} + P_{2} = 12000 + 8000 = ₹ 20000$.
141
MediumMCQ
Mr. Gupta deposits ₹ $3000$ in a bank at $10 \%$ $p.a.$ and ₹ $5000$ in another bank at $8 \%$ $p.a.$. The rate of interest (in $\%$) for the whole sum is
A
$8.50$
B
$8.75$
C
$8$
D
None of these

Solution

(B) Given: $P_{1} = ₹ 3000, R_{1} = 10 \%, P_{2} = ₹ 5000, R_{2} = 8 \%$.
The total interest earned for one year is $I = (P_{1} \times R_{1} / 100) + (P_{2} \times R_{2} / 100)$.
$I = (3000 \times 0.10) + (5000 \times 0.08) = 300 + 400 = ₹ 700$.
The total principal is $P = P_{1} + P_{2} = 3000 + 5000 = ₹ 8000$.
The combined rate of interest $R$ is given by $R = (I / P) \times 100$.
$R = (700 / 8000) \times 100 = 70 / 8 = 8.75 \%$.
Thus,the correct option is $B$.
142
MediumMCQ
$A$ person invested $\frac{2}{3}$ of his capital at $3 \%$,$\frac{1}{6}$ at $6 \%$,and the remainder at $12 \%$. If his annual income is $₹ 25$,then the total capital (in $₹$) is:
A
$490$
B
$510$
C
$500$
D
None of these

Solution

(C) Let the total capital be $x$.
The parts invested are $\frac{2}{3}x$,$\frac{1}{6}x$,and the remainder is $x - (\frac{2}{3}x + \frac{1}{6}x) = x - (\frac{4+1}{6})x = x - \frac{5}{6}x = \frac{1}{6}x$.
The annual income is the sum of interest from these three parts:
$\frac{2}{3}x \times \frac{3}{100} + \frac{1}{6}x \times \frac{6}{100} + \frac{1}{6}x \times \frac{12}{100} = 25$
$\frac{6x}{300} + \frac{6x}{600} + \frac{12x}{600} = 25$
$\frac{12x + 6x + 12x}{600} = 25$
$\frac{30x}{600} = 25$
$\frac{x}{20} = 25$
$x = 25 \times 20 = 500$.
Thus,the total capital is $₹ 500$.
143
MediumMCQ
The simple interest on a sum of money will be ₹ $600$ after $10$ $years$. If the principal is trebled after $5$ $years$,then what will be the total interest (in ₹) at the end of the tenth year?
A
$1200$
B
$1190$
C
$1210$
D
None of these

Solution

(A) Let the principal be $P$ and the rate of interest be $R$ per annum.
Simple interest for $10$ years is $₹ 600$.
Simple interest for $5$ years $= (600 / 10) \times 5 = ₹ 300$.
After $5$ years,the principal becomes $3P$.
Since simple interest is directly proportional to the principal,the interest for the next $5$ years will be $3 \times 300 = ₹ 900$.
Total interest at the end of $10$ years $= 300 + 900 = ₹ 1200$.
144
MediumMCQ
₹ $1500$ is invested at a rate of $10 \%$ simple interest,and the interest is added to the principal after every $5$ years. In how many years will it amount to ₹ $2500$?
A
$6 \frac{1}{9}$ years
B
$6 \frac{1}{4}$ years
C
$7$ years
D
None of these

Solution

(A) The simple interest on ₹ $1500$ invested at a rate of $10 \%$ per annum for $5$ years is:
Interest $= \frac{P \times R \times T}{100} = \frac{1500 \times 10 \times 5}{100} = ₹ 750$
After $5$ years,the interest is added to the principal. Therefore,the new principal $= ₹ 1500 + 750 = ₹ 2250$.
The target amount is ₹ $2500$. The remaining interest required is $₹ 2500 - 2250 = ₹ 250$.
Using the simple interest formula for the remaining time $T$:
$250 = \frac{2250 \times 10 \times T}{100}$
$250 = 225 \times T$
$T = \frac{250}{225} = \frac{10}{9}$ years.
Total time $= 5 + \frac{10}{9} = 5 + 1 \frac{1}{9} = 6 \frac{1}{9}$ years.
145
DifficultMCQ
Sumit lent some money to Mohit at $5 \%$ $p.a.$ simple interest. Mohit lent the entire amount to Birju on the same day at $8 \frac{1}{2} \%$ $p.a.$ In this transaction,after a year Mohit earned a profit of ₹ $350.$ Find out the sum of money (in ₹) lent by Sumit to Mohit.
A
$9000$
B
$10000$
C
$10200$
D
None of these

Solution

(B) Let the sum of money lent by Sumit to Mohit be $₹ x$.
Simple interest paid by Mohit to Sumit after $1$ year $= \frac{x \times 5 \times 1}{100} = ₹ \frac{5x}{100}$.
Simple interest received by Mohit from Birju after $1$ year $= \frac{x \times 8.5 \times 1}{100} = \frac{x \times 17/2}{100} = ₹ \frac{17x}{200}$.
According to the problem,the profit earned by Mohit is the difference between the interest received and the interest paid:
$\frac{17x}{200} - \frac{5x}{100} = 350$
$\frac{17x - 10x}{200} = 350$
$\frac{7x}{200} = 350$
$7x = 350 \times 200$
$7x = 70000$
$x = 10000$
Thus,the sum of money lent by Sumit to Mohit is ₹ $10000$.
146
MediumMCQ
Brinda borrowed ₹ $1000$ to build a hut. She pays $5 \%$ simple interest. She lets the hut to Ramu and receives a rent of ₹ $12 \frac{1}{2}$ per month from Ramu. In how many years would Brinda clear off the debt?
A
$10$
B
$10.25$
C
$10.50$
D
None of these

Solution

(A) Simple interest paid by Brinda on ₹ $1000$ for $1$ year $= \frac{1000 \times 5 \times 1}{100} = ₹ 50$.
Rent received by Brinda from Ramu in $1$ year $= 12 \frac{1}{2} \times 12 = 12.5 \times 12 = ₹ 150$.
Net savings per year $= \text{Rent received} - \text{Interest paid} = 150 - 50 = ₹ 100$.
To clear the debt of ₹ $1000$,the time required $= \frac{\text{Total Debt}}{\text{Net savings per year}} = \frac{1000}{100} = 10 \text{ years}$.
147
MediumMCQ
The rate of interest on a sum of money is $4 \%$ per annum for the first $2$ years,$6 \%$ p.a. for the next $4$ years,and $8 \%$ p.a. for the period beyond $6$ years. If the simple interest accrued by the sum for a total period of $9$ years is ₹ $1120$,then the sum (in ₹) is:
A
$2400$
B
$2200$
C
$2000$
D
None of these

Solution

(C) Let the principal sum be $₹ x$.
The simple interest is calculated as $SI = \frac{P \times R \times T}{100}$.
For the first $2$ years at $4 \%$ p.a.: $SI_1 = \frac{x \times 4 \times 2}{100} = \frac{8x}{100}$.
For the next $4$ years at $6 \%$ p.a.: $SI_2 = \frac{x \times 6 \times 4}{100} = \frac{24x}{100}$.
For the remaining period of $9 - (2 + 4) = 3$ years at $8 \%$ p.a.: $SI_3 = \frac{x \times 8 \times 3}{100} = \frac{24x}{100}$.
The total simple interest is $SI_1 + SI_2 + SI_3 = 1120$.
$\frac{8x + 24x + 24x}{100} = 1120$
$\frac{56x}{100} = 1120$
$56x = 112000$
$x = \frac{112000}{56} = 2000$.
Thus,the sum is ₹ $2000$.
148
EasyMCQ
The simple interest on a sum for $8$ years is ₹ $47500$. The rate of interest is $10 \%$ per annum for the first $5$ years and $15 \%$ per annum for the next $3$ years. What is the value (in ₹) of the sum?
A
$50000$
B
$60000$
C
$45000$
D
$62500$

Solution

(A) Let the principal sum be $P$.
The total time is $8$ years,split into two periods: $5$ years at $10 \%$ per annum and $3$ years at $15 \%$ per annum.
The formula for simple interest is $SI = \frac{P \times R \times T}{100}$.
Total Interest $= \frac{P \times 10 \times 5}{100} + \frac{P \times 15 \times 3}{100} = 47500$.
$\frac{50P}{100} + \frac{45P}{100} = 47500$.
$\frac{95P}{100} = 47500$.
$0.95P = 47500$.
$P = \frac{47500}{0.95} = 50000$.
Therefore,the sum is ₹ $50000$.
149
MediumMCQ
$A$ sum of ₹ $8000$ is divided into two parts. The simple interest on the first part at the rate of $21 \%$ per annum is equal to the simple interest on the second part at the rate of $35 \%$ per annum. What is the interest (in ₹) of each part?
A
$1050$
B
$840$
C
$1400$
D
$1220$

Solution

(A) Let the first part be $₹ x$ and the second part be $₹ (8000 - x)$.
Since the time period is the same (let it be $T = 1$ year),the simple interest formula is $SI = \frac{P \times R \times T}{100}$.
According to the problem,the simple interest on both parts is equal:
$\frac{x \times 21 \times 1}{100} = \frac{(8000 - x) \times 35 \times 1}{100}$
$21x = 35(8000 - x)$
$21x = 280000 - 35x$
$21x + 35x = 280000$
$56x = 280000$
$x = \frac{280000}{56} = 5000$.
So,the first part is $₹ 5000$ and the second part is $₹ (8000 - 5000) = ₹ 3000$.
The interest on the first part is $\frac{5000 \times 21 \times 1}{100} = ₹ 1050$.
The interest on the second part is $\frac{3000 \times 35 \times 1}{100} = ₹ 1050$.
Thus,the interest of each part is $₹ 1050$.
150
MediumMCQ
An investor invested his savings in the stock market. The value of his investments increased by $12 \%$ and $9 \%$ in the first year and the second year respectively. If the value of his investments after two years became ₹ $97,664$,then how much had he invested (in ₹)?
A
$81000$
B
$75000$
C
$80000$
D
$72000$

Solution

(C) Let the initial investment be $P$ ₹.
After the first year,the value becomes $P \times (1 + 12/100) = P \times 1.12$.
After the second year,the value becomes $(P \times 1.12) \times (1 + 9/100) = P \times 1.12 \times 1.09$.
Given that the final value is ₹ $97,664$,we have the equation: $P \times 1.12 \times 1.09 = 97664$.
$P \times 1.2208 = 97664$.
$P = 97664 / 1.2208$.
$P = 80000$.
Therefore,the initial investment was ₹ $80,000$.

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