23:35
6. A person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 61⁄4% p.a for 2 years. Find his gain in the transaction per year.
| |
A. Rs. 167.50
|
B. Rs. 150
|
C. Rs.225
|
D. Rs. 112.50
|
|
7. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 5 years and that for 15 years?
| |
A. 3 : 2
|
B. 1 : 3
|
C. 2 : 3
|
D. 3 : 1
|
8. A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum is
| |
A. 15%
|
B. 12%
|
C. 8%
|
D. 5%
|
9. A certain amount earns simple interest of Rs. 1200 after 10 years. Had the interest been 2% more, how much more interest would it have earned?
| |
A. Rs. 25
|
B. None of these
|
C. Rs. 120
|
D. Cannot be determined
|
|
10. A man took loan from a bank at the rate of 8% p.a. simple interest. After 4 years he had to pay Rs. 6200 interest only for the period. The principal amount borrowed by him was:
| |
A. Rs.17322
|
B. Rs.20245
|
C. Rs.18230
|
D. Rs.19375
|
Answers
6 - D
7- B
8- B
9- D
10- D
