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1. What is the SI onRs.2500/ at the rate of 12% per annum for 8 years?
Ans :2400
Difficulty Level : Easy Yes Moderately easy Difficult
Basic Formula:
Simple Interest is denoted by SI
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation:
Given P = 2500, N = 8 Years, R = 12%
There fore S.I =
100
PNR
S.I =
100
8 12 2500 X X
S.I = 2400
Simple Interest, BU Page 1 www.aptitudecoach.com
2. What is the SI on Rs.7500/ at the rate of 10% per annum for 5 years?
Ans 3750
Difficulty Level : Easy Yes Moderately easy Difficult
Basic Formula:
Simple Interest is denoted by SI
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation:
Given P = 7500, N = 5 Years, R = 10%
There fore S.I =
100
PNR
S.I =
100
5 10 7500 X X
= 75 X 5 X 10
S.I = 3750
Simple Interest, BU Page 2 www.aptitudecoach.com
3. A man borrowed rs.5000/ at the rate of 8% SI and to clear the debt after 6
years, how much he has to return : Ans 7400
Difficulty Level : Easy Moderately easy Yes Difficult
Basic Formula:
Simple Interest is denoted by SI
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation:
Given P = 5000, N = 6 Years, R = 8%
There fore S.I = PNR / 100
S.I =
100
6 8 5000 X X
= 50 X 6 X 8
S.I = 2400
Total repayment = S.I + Principal amount
Answer = 2400 + 5000 = Rs 7400
Simple Interest, BU Page 3 www.aptitudecoach.com
4. A man borrowed Rs.8000 at the rate of 12% SI, and lent the same sum to
another person at the rate of 15% what will be the gain after 7 year ? ans 1680
Difficulty Level : Easy Moderately easy Difficult Yes
Basic Formula:
Answer with Explanation:
Given :
A man borrowed at 12%
He lent the same sume to another person at 15%
Therefore his gain is 15 – 12 =3% for 1 year
Given N = 7 years and P = Rs. 8000
First we are calculating for Rs. 100
For 100 = 3 X 7 = 21
For 1000 = 210
For 8000 = 1680
Therefore his gain = Rs. 1680/
Simple Interest, BU Page 4 www.aptitudecoach.com
5. Mr.A borrowed Rs.12000/ at the rate of 10% and lent the same amount to
Mr.B. at the rate of 13% what will be gain of A, after 5 years. Ans 1800
Difficulty Level : Easy Moderately easy Yes Difficult
Basic Formula:
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation:
Given P = 12000, N = 5 years,
(i) R = 10%, (ii) R = 13%
Case (i)
S.I =
100
PNR
=
100
10 5 12000 X X
= Rs. 6000/
Case (ii):
S.I =
100
PNR
=
100
13 5 12000 X X
= Rs. 7800/
Difference = Rs. 7800 – Rs. 6000
= Rs. 1800/
Therefore Gain = Rs. 1800/
Note : Problems 4 and 5 both are same type. So either you follow the method given
in 4
th
problem (or) 5
th
problem.
Simple Interest, BU Page 5 www.aptitudecoach.com
6. In what time, we can get Rs.1200/ as SI on Rs.5000/ at the rate of 8%?
Ans 3
Difficulty Level : Easy Moderately easy Yes Difficult
Basic Formula:
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Time = Number of years (N)
Answer with Explanation:
Given :
S.I. = Rs. 1200/
P = Rs. 5000/
R = 8%
To find time (Number of years (N) )
1200 =
100
8 5000 XNX
1200 = 400 N
N = 1200/400
N = 3
Therefore N = 3 years
Simple Interest, BU Page 6 www.aptitudecoach.com
7. In what time RS.6000/ give RS.2880/as SI at the rate of 12%?
Ans 4
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
P – Principal amount, N Number of years, R – Rate of Interest
Time = Number of years (N)
Answer with Explanation:
Given :
S.I. = Rs. 2800/
P = Rs. 6000/
R = 12%
To find time (Number of years (N) )
2800 =
100
12 6000 XNX
2800 = 720 N
N = 2800/720
N = 4
Therefore N = 4 years
Simple Interest, BU Page 7 www.aptitudecoach.com
8. Mr. Manager took a loan of Rs.25000/ for 5years at SI. If the interest paid
were Rs.12500/ what is the rate of interest per annum?
Ans10%
Difficulty Level : Easy Yes Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Interest = Simple Interest
Answer with Explanation:
Given :
P = Rs. 25000/
S.I = Rs. 12500/
N = 5 Years
To find R
12500 =
100
5 25000 XR X
R = 12500 / 1250
= 10%
Therefore the Rate of Interest = 10%
Simple Interest, BU Page 8 www.aptitudecoach.com
9. Mr. Thiru borrowed Rs.50000/ for 3 years at SI. If the interest paid was
Rs.18000/ find the rate of SI?
Ans 12%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Interest = Simple Interest
Answer with Explanation:
Given :
P = Rs. 50000/
S.I = Rs. 18000/
N = 3 Years
To find R
12500 =
100
3 50000 XR X
R = 18000 / 1500
= 180 / 15
= 12
Therefore the Rate of Interest = 12 %
Simple Interest, BU Page 9 www.aptitudecoach.com
10. Mr.Raj got a loan at 11% p.a. SI after 5 years he returned the principal along
with interest. If he returns in all RS.12400/ what is the principal amount
Ans:8000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given
R = 11%, N = 5 years, S.I + P = Rs.12400/
To find P,
We know that S.I =
100
PNR
S.I + P =
100
PNR
+ P
(ie) 12400 =
100
11 5X PX
+ P
12400 =
100
55 P
+P
12400 = P {
100
55
+1}
= P {
100
155
}
P = 12400 X 100/155
P = Rs. 8000/
Simple Interest, BU Page 10 www.aptitudecoach.com
11. Mr.Krishnan received a loan at 13% p.a. SI. After 4 years he returned the
principal and interest. If he returned Rs.9120/ what will be principal amount ?
Ans:6000
Difficulty Level : Easy Yes Moderately easy Difficult
Basic Formula:
Note : Problems 10 and 11 are of same type. So you can follow either the
following method or 10
th
problem method.
Answer with Explanation:
Given
R = 13%, N = 4 years, S.I + P = Rs.9120/
Short cut method:
First we are calculating for Rs. 100/
100 = 13 X 4 (R X N) for number of years
100 = 152 (Amount =100 and the Interest = 52)
? = 9120
P = 100 X 9120 / 152
P = 6000
Principal Amount = Rs.6000/
Simple Interest, BU Page 11 www.aptitudecoach.com
12. If Rs.700/ amount to Rs.16800/ in 5 years SI. If the rate of interest is
increased by 5%. It would amount to how much?
Answer : Rs.10,150
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
Given rate of interest is increased, so we add the given amount and the calculated
amount
Answer with Explanation:
P = Rs. 700, N= 5 years, Increased rate of interest R = 5%
Short cut method:
First we are calculating it for 100 rupees
100 : 5 X 5 = 25 (NXR)
700 : 25 X 7 = 175
Given amount + S,I = Rs. 16800 + 175 = 16975
Therefore the amount = Rs. 16975/
Simple Interest, BU Page 12 www.aptitudecoach.com
13. If Rs.12000/ amount to Rs.16800/ in 5 years If the rate of interest is
increased by 2%. What would be the amount?
Answer : Rs.18,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
Given rate of interest is increased, so we add the given amount and the calculated
amount
Answer with Explanation:
P = Rs. 12000, N= 5 years, Increased rate of interest R = 2%
Short cut method:
First we are calculating it for 100 rupees
100 : 5 X 2 = 10 (NXR)
(ie) for 100 rupees the interest is Rs. 10
100 = 10
1000 = 100
10000 = 1000
2000 = 200
There for 12000 = 1000 + 200 = 1200
Given amount + S,I = Rs. 16800 + 1200 = 18000
Therefore the amount = Rs. 18000/
Simple Interest, BU Page 13 www.aptitudecoach.com
14. If Rs.10,000/ amount to Rs.14000/ in 5 years If the rate of interest is reduced
by 3%. What would be amount?
Answer : Rs.12,500
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
Given rate of interest is reduced, so we subtract the given amount and the
calculated amount
Answer with Explanation:
P = Rs. 10000, N= 5 years, Increased rate of interest R = 3%
Short cut method:
First we are calculating it for 100 rupees
100 : 5 X 3 = 15 (NXR)
(ie) for 100 rupees the interest is Rs. 15
100 = 15
1000 = 150
10000 = 1500
Given amount + S,I = Rs. 14000  1500 = 12500
Therefore the amount = Rs. 12500/
Simple Interest, BU Page 14 www.aptitudecoach.com
15. A principal amount to RS.8880/ in 4 years and Rs.9600/ in 5 years what is
the rate of interest?
Ans 12%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Amount = Principal + S.I
Answer with Explanation:
S,I for one Year = Rs.720 (9600 – 8880)
S.I for 4 years = Rs.2880
Principal = Amount – S.I
= 8880 – 2880
= 6000
R =
PN
SIX 100
=
4 6000
100 2880
X
X
= 288/6X 4
= 48/4 = 12
Therefore R = 12%.
Simple Interest, BU Page 15 www.aptitudecoach.com
16. A certain sum of money lent out of SI amount to Rs.8000/ 6 years Rs.9000/ in
8 Years. Find the sum and the rate of interest?
Answer 10%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Amount = Principal + S.I
Answer with Explanation:
Given:
S.I for 2 years = 1000 (90008000)
(86)
S.I. for 1 year = 500
S.I for 6 years = 3000
P = Amount – S.I
= 80003000
P = 5000
R =
6 5000
3000 100
X
X
= 100/10
R = 10%
Simple Interest, BU Page 16 www.aptitudecoach.com
17. A certain sum give RS.9000/ as SI for 8 years at the rate of 12% what will be the
SI on the same sum for 12 years at the rate of 8% ?
Answer: 9000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
We split the given problem into 2 parts
Part (i)
Given S.I = 9000, N = 8, R = 12
∴
S.I. =
100
12 8X PX
9000 =
100
12 8X PX
(1)
Part (ii)
Given N=2, R = 8
∴
S.I. =
100
8 12 X PX
(2)
From (1) and (2), S.I = Rs. 9000/
Shortcut method:
Number of years in Part (i) = Rate of interest in Part (ii)
Rate of interest is part (i) = Number of years in part (ii)
⇒
S.I. = Rs. 9000/
Simple Interest, BU Page 17 www.aptitudecoach.com
18. A Principal amount give Rs.12000/ as SI for 7 years at the rate of
11% to get the same amount of interest of 11 years, what will be the rate of
interest
Ans.: 7%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Results:
Number of years in Part (i) = Rate of interest in Part (ii)
Rate of interest is part (i) = Number of years in part (ii)
Answer with Explanation:
We split the given problem into 2 parts
Part (i)
Given P = 12000, N = 7, R = 11
Part (ii)
Given P = 12000, N = 11,
Using the results(in the formula),
R = 7%
Simple Interest, BU Page 18 www.aptitudecoach.com
19. Mr.A. give Rs.1500/ to Mr.X for 4 years and Rs.2500/ to mr.Y. for
8 years. If the rate of intest is the same and Mr.A received Rs.2080/ from
both Mr.X and mr.Y what is the rate of SI ?
ans: 8%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given :
For X, P = 1500, N = A
For Y, P = 2500, N= 8
S.I = Rs. 2080 ( For X and Y)
∴
100
4 1500 XR X
+
100
8 1500 XR X
= 2080
60R + 200R = 2080
260R = 2080
R = 2080 / 260
R = 8%
∴
Rate of interest of SI = 8%
Simple Interest, BU Page 19 www.aptitudecoach.com
20. Ms.Varshini gave Rs.30000/ to Mr.Suresh for 5 years and
Rs.20000/ to Mr.Vijay for 2 ½ years. If the rate of interests is the same and
she received Rs.14000// as SI from both. What is the rate of interest?
Ans: 7%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given :
X : Ms.Varshini, Y: Mr.Vijay
For X, P = Rs.30000/, N=5
For Y, P= Rs.20000/, N= 2 ½
S.I = Rs. 14,000 (For X and Y)
∴
100
5 30000 XR X
+
100
2
1
2 20000 XR X
= 14000
1500R +500R = 14000
2000 R = 14000
2R = 14
R = 7
∴
Rate of interest = 7%
Simple Interest, BU Page 20 www.aptitudecoach.com
21. What would be the SI on Rs.48000/ for 4 years at the rate of 6 ¼% :
Ans 12,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given:
P = Rs. 48000/, N = 4, R = 6 ¼
S.I =
100
4
1
6 4 48000 X X
=
100
4
25
4 48000 X X
= 480 X 25
= 12000
∴
S.I = 12,000
Simple Interest, BU Page 21 www.aptitudecoach.com
22 What will be the SI on Rs.60000/ for 3 years at the rate of 8 1/3%
Ans 15,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given,
P = Rs. 60,000, N=3, R = 8 1/3
S.I =
100
PNR
S.I =
100
3
1
8 3 60000 X X
=
100
3
25
3 60000 X X
= 600 X 25 = 15,000
∴
S.I = Rs. 15,000/
Simple Interest, BU Page 22 www.aptitudecoach.com
23 What will be the SI on Rs.75000/ for 3 years at the rate of 16 2/3%
Ans 37,500
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given,
P = Rs. 75,000, N=3, R = 16 2/3
S.I =
100
PNR
S.I =
100
3
2
16 3 75000 X X
=
100
3
50
3 75000 X X
= 750 X 50 = 37500
∴
S.I = Rs. 37500/
Simple Interest, BU Page 23 www.aptitudecoach.com
24 What will be the SI on Rs.25000/ for 3 years at the rate of 33 1/3%
Ans 25,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given,
P = Rs.25,000, N=3, R = 33 1/3
S.I =
100
PNR
S.I =
100
3
1
33 3 25000 X X
=
100
3
100
3 25000 X X
=
100
100 25000 X
= 25,000
∴
S.I = Rs. 25,000/
Simple Interest, BU Page 24 www.aptitudecoach.com
25 A sum of money becomes double in 10 years. What is the rate of interests
Ans:10%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation:
Given : N = 10
Let the sum be x, Then S.I = x
Given a sum becomes double
⇒
S.I = Sum
S.I =
100
PNR
becomes
X =
100
10 XR xX
100x = 10x X R
X = 10
Rate of Interest = 10%
Simple Interest, BU Page 25 www.aptitudecoach.com
26. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He
immediately lends it to another person at 6 1/4% p.a. for 2 years. Find his gain in
the transaction per year.
Rs.112.50 Rs.125 Rs.150 Rs.167.50
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
We split the given problem into 2 parts
Part (i)
Given P = Rs. 5000, N=2, R = 4%
S.I =
100
4 2 5000 X X
= 100X 4
S.I = 400
Part (ii)
Given P = Rs. 5000, N=2, R = 6 ¼ %
S.I =
100
4
1
6 2 5000 X X
=
100
4
25
2 5000 X X
=
100
25 5000 X
= 25 X 25
S.I = 625
Gain = 625 400 = 225 for 2 years
∴
Gain for one year = Rs. 112.50
Simple Interest, BU Page 26 www.aptitudecoach.com
27. How much time will it take for an amount of Rs.450 to yield Rs.81 as interest
at 4.5% p.a. of simple interest?
3.5 years 4 years 4.5 years 5 years
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Time = Number of years
Answer with Explanation
Given P = Rs. 450, S.I=Rs. 81/, R = 4.5%
S.I =
100
PNR
becomes
81 =
100
5 . 4 450 XNX
81 = 2025N / 100
8100 = 2025N
N = 8100 / 2025
N = 4
∴
Number of Years = 4
Simple Interest, BU Page 27 www.aptitudecoach.com
28. What is the present worth of Rs.132 due to 2 years at 5% simple interest per
annum?
Rs.112 Rs.118.80 Rs.120
Rs.20,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Let the present worth be x ( ie Principal = x)
Then S.I = Rs (132 – x)
Given N = 2, R = 5
S.I =
100
PNR
becomes
132x =
100
5 2X xX
132x = 10x / 100
132x = x/10
⇒
1320 – 10x = x
11x = 1320
X = 1320 / 11 = 120
∴
Present worth = Rs. 120/
Simple Interest, BU Page 28 www.aptitudecoach.com
29. In how many years, Rs.150 will produce the same interest at 8% as Rs.800
produce in 3 years at 4 1/2%?
6 8 9 12
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
We split the given problem into 2 parts
Part (i)
Given P = 150, R = 8
∴
S.I. =
100
8 150 XNX
(1)
Part (ii)
Given P = Rs. 800/ N=3, R = 4 ½
∴
S.I. =
100
2
1
4 3 800 X X
=
100
2
9
3 800 X X
=
100
9 3 400 X X
(2)
From (1) and (2),
100
8 150 XNX
=
100
9 3 400 X X
⇒
2
8 3XNX
= 4 X 3 X9
3 X N X 4 = 4 X 3 X 9
⇒
N = 9
∴
Number of Years = 9
Simple Interest, BU Page 29 www.aptitudecoach.com
30. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9%
p.a. for the next five years and 13% p.a. for the period beyond eight years. If the
total interest paid by him at the end of eleven years is Rs.8160, how much money
did he borrow?
Rs.8000 Rs.10, 000 Rs.12, 000 Rs.1500
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
We split the given problem into 3 parts
Part (i) R = 6, N = 3
Part (ii) R = 9, N=3
Part (iii) R = 13, N = 118 = 3
S.I = Rs. 8160/
∴
,
`
.

100
3 6X PX
+
,
`
.

100
5 9X PX
+
,
`
.

100
3 13X PX
= 8160
100
18 P
+
100
45 P
+
100
39 P
= 8160
100
39 45 18 P P P + +
= 8160
⇒
100
102 P
= 8160
102 P = 816000
P =
102
816000
= 8000
P = Rs. 8000/
Simple Interest, BU Page 30 www.aptitudecoach.com
31. What will be the difference between simple and compound interest at 10% per
annum on a sum of Rs.1000 after 4 years?
Rs.31 Rs.64.10 Rs.40.40 Rs.40.45
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
C.I = P
,
`
.

+
100
1
R
N
Answer with Explanation
(i) S.I =
100
4 10 1000 X X
S.I = 100 X4
S.I = 400
(ii) C.I = 1000
,
`
.

+
100
10
1
4
 1000
=1000
,
`
.

100
110
4
– 1000 = 1000
,
`
.

10
11
4
 1000
=1000 X
10
11
X
10
11
X
10
11
X
10
11
 1000
=1464.1 – 1000 = 464.1
C.I. = 464.1
Difference = C.I – S.I = 464.1 – 400 = 64.10
Difference = 64.10
Simple Interest, BU Page 31 www.aptitudecoach.com
32. A sum of money at simple interest amounts to Rs.815 in 3 years and to Rs.854
in 4 years. The sum is:
Rs.650 Rs.690 Rs.698 Rs.700
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
Answer with Explanation
Given:
Amount at SI for 3 years = Rs. 815
Amount at SI for 4 years = Rs. 854
∴
SI for 1 year = (854 – 815 = Rs. 39/
SI for 3 years = 39 X 3 = 117
∴
Amount = Rs (815117) = 698
Amount = Rs. 698/
Simple Interest, BU Page 32 www.aptitudecoach.com
33. A sum of money trebles itself in 15 years 6 months. In how many years would
it double itself?
6 years 3 months 7 years 9 months 8 years 3 months 9
years 6 months
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Amount = Sum + S.I
Answer with Explanation
Let sum = x, Then SI = 2x
S.I =
100
PNR
becomes [ Sum + SI = x +2x = 3x]
2x =
100
2 / 31 xXRX
[ N = 15 ½ = 31/2]
200 = 31/2 R
R = 400/31
Now sum = x, S.I =x [
Sum + SI = 2x = Double the amount]
X =
100
31 / 400 xXNX
100x =
31
400 xN
31 = 4N
⇒
N = 31/4
⇒
7 ¾
∴
N = 7 years 9 months
Simple Interest, BU Page 33 www.aptitudecoach.com
34. In how much time would the simple interest on a certain sum be 0.125 times
the principal at 10% per annum?
1 1/4 years 1 3/4 years 2 1/4 years 2 3/4 years
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
R =
PN
SIX 100
Answer with Explanation
Let Principal = x
Given simple interest = .125 time the principal
(ie) SI = .125x
=
1000
1000 125 . X
x = 125x/1000
S.I = 1/8x
Given R = 10%
S.I =
100
PNR
becomes
1 x /8 =
100
10 xXNX
⇒
1 x /8 = Nx/10
1/8 = N/10
⇒
N = 10/8 = 5/4 years
N = 1 ¼ years
∴
Time = 1 ¼ years
Simple Interest, BU Page 34 www.aptitudecoach.com
35. Simple interest on a certain amount is 9/16 of the principal. If the numbers
representing the rate of interest in percent and time in years he equal, then time, for
which the principal is lent out, is:
5 1/2 years 6 1/2 years 7 years 7 1/2 years
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Given Simple interest = 9/16 of the principal
(ie) S.I =
16
9
P (1)
Given Rate of interest = Time in Years
(ie) R = N (2)
∴
100
PNR
= S.I becomes
100
PXNXN
=
16
9
P [from (1) and (2)]
100
2
N
=
16
9
⇒
N
2
=
16
900
N =
4
30
= 7.5
N = 7 ½ Years
Simple Interest, BU Page 35 www.aptitudecoach.com
36. The difference between compound interest and simple interest on an amount of
Rs.15, 000 for 2 years is Rs.96. What is the rate of interest per annum?
8 10 12 None of these
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
C.I = P
,
`
.

+
100
1
R
N
– P
(a+ b)
2
= a
2
+ 2ab + b
2
Answer with Explanation
Given P = Rs.15000, N = 2
C.I – S.I = Rs. 96/
∴
]
]
]
]
−
,
`
.

+ 15000
100
1 15000
2
R

100
2 15000 XRX
= 96
]
]
]
]
−
,
`
.

−
+
15000 1
10000
) 100 (
15000
2
R

100
2 15000 XRX
= 96
15000
]
]
]
]
,
`
.

−
+
1
10000
) 100 (
2
R
 15000 X
100
2R
= 96
15000
]
]
]
]
,
`
.

− −
+
100
2
1
10000
) 100 (
2
R R
= 96
15000 ]
]
]
− − + +
10000
200 10000 200 10000
2
R R R
= 96
10
15
2
R
= 96
⇒
R
2
=
15
10 96 X
⇒
R
2
= 64 , R = 8
Rate of Interest = 8%
Simple Interest, BU Page 36 www.aptitudecoach.com
37. 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:
5% 7% 8% 10%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
We split the given problem into 2 parts
Given
Part (i) P=Rs.5000, N = 2
Part (ii) P = Rs. 3000/, N = 4
S.I = Rs. 2200/
∴
2200 =
100
2 5000 XR X
+
100
4 3000 XR X
2200 = 100R +120R
2200 = 220R
R = 2200/220
R = 10
Rate of Interest = 10%
Simple Interest, BU Page 37 www.aptitudecoach.com
38. What will be the ratio of simple interest earned by certain amount at the same
rate of interest for 6 years and that for 9 Years?
Answer : 2:3
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
Answer with Explanation
Let P = Principal, R Rate of interest
Case (i)
N = 6
Case (ii)
N = 9
∴
Ratio =
100
9
100
6
XR PX
XR PX
= 6PR / 9PR
6/9 = 2: 3
Simple Interest, BU Page 38 www.aptitudecoach.com
39. At what rate per cent per annum will be simple interest on a sum of money be
2/5 of the amount in 10 years?
Answer : 4%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
R =
PN
SIX 100
Answer with Explanation
Given
N = 10
Let Sum = x (Principal amount)
S.I = 2x / 5
R =
PN
SIX 100
becomes
R =
10
100 5 / 2
xX
X x
R =
10
20 2
xX
xX
⇒
2 X 2 = 4
R = 4
Simple Interest, BU Page 39 www.aptitudecoach.com
40. A man borrowed certain amount for 6 years at the rate of 5% and paid a SI of
Rs. 1230. What is the principal amount?
Answer : Rs. 4100
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Given
N = 6, R = 5, S.I = 1230
S.I =
100
PNR
becomes
1230 =
100
5 6X PX
1230 = 6P/20
⇒
3P/10
3P = 12300
P = 4100
Amount = Rs. 4100/
Simple Interest, BU Page 40 www.aptitudecoach.com
41. Rs. 2,500 earns simple interest of Rs. 1750 after 7 years. Had the interest been
2% more, how much more interest would it have earned?
Answer : 350
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Given
P = Rs. 2500/, N = 7, R = 2,
S.I =
100
PNR
becomes
=
100
2 7 2500 X X
= 25 X 7 X 2 = 350
More interest is Rs. 350/
Simple Interest, BU Page 41 www.aptitudecoach.com
42. A sum of money becomes 5/4 of itself in 5 years at a certain rate of interest.
What is the rate of interest?
Answer : 5%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Sum = Principal
R =
PN
SIX 100
Amount = Principal +SI
Answer with Explanation
Let sum = x
Then Amount = 5x/4
S.I = Amount – Sum
= 5x/4 –x = 1x/4
R =
5
100
4
1
xX
xX
R = 25/5
R = 5%
Simple Interest, BU Page 42 www.aptitudecoach.com
43. At what rate percent per annum will a sum of money double in 16 years ?
Answer : 6.25%
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Amount = Principal +SI
Answer with Explanation
Given
Let Sum = x
Then SI =x, time = 16 years { ( SI + Sum = double the amount) x+x = 2x}
x =
100
16 XR xX
16
100
xX
xX
= R
R = 100/16 = 50/8 = 25/4
R = 12.5/2
R = 6.25%
Simple Interest, BU Page 43 www.aptitudecoach.com
44. The simple interest on a sum of money is 4/9 of the principal. Find the rate
percent and time, if both are numerically equal.
Answer: 6 Years 8 Months
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Given
(i) S.I = 4P/5
(ii) Rate percent = Time
(ie ) R = N
S.I =
100
PNR
becomes
9
4
P =
100
PNN
9
4
=
100
2
N
9N
2
= 400
N
2
= 400/9
⇒
20/3 = N
N = 6 years 2/3 years
N = 6 years 8 months
Simple Interest, BU Page 44 www.aptitudecoach.com
45. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3
years he had to pay Rs.5400 interest only. The principal amount borrowed by him
was:
Answer : 15,000
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Answer with Explanation
Given
S.I = Rs. 5400/, N = 3, r=12
S.I =
100
PNR
becomes
5400 =
100
12 3X PX
5400 =
50
18 P
18P = 270000
P =
18
270000
= 15,000
Principal amount = Rs. 15,000/
Simple Interest, BU Page 45 www.aptitudecoach.com
46. If the sum of money double in 5 years. It will become 4 times in ?
Answer : 15
Difficulty Level : Easy Moderately easy Difficult
Basic Formula:
S.I =
100
PNR
Amount = Principal +SI
Answer with Explanation
Given
Let Sum = x, Then SI =x,
S.I =
100
PNR
becomes
x =
100
5XR xX
R =
x
x
5
100
⇒
R = 20% ( SI + Sum = 3x +x = 4x)
Now, Sum = x, S.I = 3x, R = 20%
S.I =
100
PNR
becomes
3x =
100
20 xXNX
⇒
3 =
10
2N
2N = 30
⇒
N = 15
Simple Interest, BU Page 46 www.aptitudecoach.com
2. What is the SI on Rs.7500/ at the rate of 10% per annum for 5 years? Ans 3750 Difficulty Level : Easy Basic Formula: Simple Interest is denoted by SI S.I =
PNR 100
Yes
Moderately easy
Difficult
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation: Given P = 7500, N = 5 Years, R = 10%
There fore S.I S.I
= = =
PNR 100
7500 X 10 X 5 100
75 X 5 X 10 3750
S.I
=
Simple Interest, BU
Page 2
www.aptitudecoach.com
A man borrowed rs.5000/ at the rate of 8% SI and to clear the debt after 6 years, how much he has to return : Ans 7400
3.
Difficulty Level : Easy Basic Formula: Simple Interest is denoted by SI S.I =
PNR 100
Moderately easy
Yes
Difficult
P – Principal amount, N Number of years, R – Rate of Interest
Answer with Explanation: Given P = 5000, N = 6 Years, R = 8%
There fore S.I S.I
= = =
PNR / 100
5000 X 8 X 6 100
50 X 6 X 8 2400
S.I
=
Total repayment = S.I + Principal amount Answer = 2400 + 5000 = Rs 7400
Simple Interest, BU
Page 3
www.aptitudecoach.com
A man borrowed Rs.8000 at the rate of 12% SI, and lent the same sum to another person at the rate of 15% what will be the gain after 7 year ? ans 1680
4.
Difficulty Level : Easy Basic Formula:
Moderately easy
Difficult
Yes
Answer with Explanation: Given : A man borrowed at 12% He lent the same sume to another person at 15% Therefore his gain is 15 – 12 =3% for 1 year Given N = 7 years and P = Rs. 8000 First we are calculating for Rs. 100 For 100 = 3 X 7 = 21 For 1000 = 210 For 8000 = 1680 Therefore his gain = Rs. 1680/
Simple Interest, BU
Page 4
www.aptitudecoach.com
7800/Difference = Rs. Difficulty Level : Easy Basic Formula: S. BU Page 5 www.Mr.I = = PNR 100 12000 X 5 X 10 100 (ii) R = 13% = Rs. N = 5 years.I = PNR 100 Moderately easy Yes Difficult P – Principal amount.A borrowed Rs.12000/. after 5 years.com .I = = PNR 100 12000 X 5 X 13 100 = Rs. N. at the rate of 13% what will be gain of A. (i) R = 10%. 6000 = Rs. R – Rate of Interest Answer with Explanation: Given P = 12000. 7800 – Rs. Ans 1800 5.aptitudecoach. 6000/Case (ii): S. 1800/ Note : Problems 4 and 5 both are same type.at the rate of 10% and lent the same amount to Mr.Number of years. Simple Interest.B. So either you follow the method given in 4th problem (or) 5th problem. 1800/Therefore Gain = Rs. Case (i) S.
com .I = PNR 100 Moderately easy Yes Difficult P – Principal amount.Number of years.5000/.1200/.I. 5000/= 8% 5000 XNX 8 100 To find time (Number of years (N) ) 1200 1200 N N = = = = 400 N 1200/400 3 Therefore N = 3 years Simple Interest. R – Rate of Interest Time = Number of years (N) Answer with Explanation: Given : S. BU Page 6 www.as SI on Rs.at the rate of 8%? Ans 3 6.aptitudecoach. P R = Rs. Difficulty Level : Easy Basic Formula: S. N.In what time. we can get Rs. 1200/= Rs.
aptitudecoach.2880/as SI at the rate of 12%? Ans 4 Difficulty Level : Easy Basic Formula: S.give RS. 2800/= Rs. In what time RS. N. BU Page 7 www.I.com .7. P R = Rs. R – Rate of Interest Time = Number of years (N) Answer with Explanation: Given : S. 6000/= 12% 6000 XNX 12 100 To find time (Number of years (N) ) 2800 2800 N N = = = = 720 N 2800/720 4 Therefore N = 4 years Simple Interest.6000/.Number of years.I = PNR 100 Moderately easy Difficult P – Principal amount.
what is the rate of interest per annum? Ans10% Difficulty Level : Easy Basic Formula: S. Mr. 25000/Rs.8.com .25000/. BU Page 8 www. 12500/5 Years To find R 12500 R = = = 25000 X 5 XR 100 12500 / 1250 10% Therefore the Rate of Interest = 10% Simple Interest.I = N = Rs.I = PNR 100 Yes Moderately easy Difficult Interest = Simple Interest Answer with Explanation: Given : P = S. Manager took a loan of Rs.aptitudecoach. If the interest paid were Rs.12500/.for 5years at SI.
aptitudecoach. BU Page 9 www. Mr.9.18000/. 18000/3 Years To find R 12500 R = = = = 50000 X 3 XR 100 18000 / 1500 180 / 15 12 = 12 % Therefore the Rate of Interest Simple Interest.for 3 years at SI. If the interest paid was Rs. Thiru borrowed Rs. 50000/Rs.I = N = Rs.com .find the rate of SI? Ans 12% Difficulty Level : Easy Basic Formula: S.50000/.I = PNR 100 Moderately easy Difficult Interest = Simple Interest Answer with Explanation: Given : P = S.
I + P = Rs. BU Page 10 www. If he returns in all RS.12400/.Raj got a loan at 11% p. We know that S.12400/ S.what is the principal amount Ans:8000 Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S. Mr. To find P.I = PNR 100 N = 5 years. SI after 5 years he returned the principal along with interest.com .10. S.aptitudecoach. 8000/155 55 P P = = Simple Interest.a.I + P = (ie) 12400 12400 12400 PNR 100 +P PX 5X 11 100 = = = = +P 55 P 100 +P P { 100 +1} P { 100 } 12400 X 100/155 Rs.I = Answer with Explanation: Given R = 11%.
BU Page 11 www.Mr. S.com . 100/100 = 100 = ? P P = = = 13 X 4 (R X N) for number of years 152 (Amount =100 and the Interest = 52) 9120 100 X 9120 / 152 6000 = Rs.a.6000/N = 4 years. After 4 years he returned the principal and interest.9120/ Principal Amount Simple Interest. Short cut method: First we are calculating for Rs.I + P = Rs.what will be principal amount ? Ans:6000 11. SI. If he returned Rs.9120/. Difficulty Level : Easy Basic Formula: Yes Moderately easy Difficult Note : Problems 10 and 11 are of same type. So you can follow either the following method or 10th problem method.aptitudecoach.Krishnan received a loan at 13% p. Answer with Explanation: Given R = 13%.
16800 + 175 = 16975 Rs.in 5 years SI.com .16800/.150 12.700/.I Therefore the amount = Simple Interest. Difficulty Level : Easy Basic Formula: Moderately easy Difficult Given rate of interest is increased. 16975/ Given amount + S. N= 5 years. Increased rate of interest R = 5% Short cut method: First we are calculating it for 100 rupees 100 : 5 X 5 700 : 25 X 7 = 25 (NXR) = = 175 Rs. If the rate of interest is increased by 5%. It would amount to how much? Answer : Rs.If Rs. 700. so we add the given amount and the calculated amount Answer with Explanation: P = Rs. BU Page 12 www.10.amount to Rs.aptitudecoach.
so we add the given amount and the calculated amount Answer with Explanation: P = Rs. 16800 + 1200 = 18000 Therefore the amount = Rs.18.If Rs.I = Rs. What would be the amount? Answer : Rs.in 5 years If the rate of interest is increased by 2%.com . BU Page 13 www. 12000.12000/. Increased rate of interest R = 2% Short cut method: First we are calculating it for 100 rupees 100 : 5 X 2 = 10 (NXR) (ie) for 100 rupees the interest is Rs.aptitudecoach.amount to Rs. Difficulty Level : Easy Basic Formula: Moderately easy Difficult Given rate of interest is increased.16800/.000 13. N= 5 years. 10 100 = 10 1000 = 100 10000 = 1000 2000 = 200 There for 12000 = 1000 + 200 = 1200 Given amount + S. 18000/ Simple Interest.
12. Increased rate of interest R = 3% Short cut method: First we are calculating it for 100 rupees 100 : 5 X 3 = 15 (NXR) (ie) for 100 rupees the interest is Rs. 12500/ Therefore the amount = Simple Interest.000/. so we subtract the given amount and the calculated amount Answer with Explanation: P = Rs.500 14. 10000.com .1500 = 12500 Rs. 14000 .10. Difficulty Level : Easy Basic Formula: Moderately easy Difficult Given rate of interest is reduced. BU Page 14 www.I = Rs. 15 100 = 15 1000 = 150 10000 = 1500 Given amount + S. N= 5 years.in 5 years If the rate of interest is reduced by 3%.If Rs.aptitudecoach.amount to Rs.14000/. What would be amount? Answer : Rs.
9600/.com . Simple Interest.I Answer with Explanation: S.A principal amount to RS.2880 Principal = = = Amount – S.I 8880 – 2880 6000 R = = = = SIX 100 PN 2880 X 100 6000 X 4 288/6X 4 48/4 = 12 Therefore R = 12%.in 4 years and Rs.8880/.I for one Year = Rs.in 5 years what is the rate of interest? Ans 12% 15.720 (9600 – 8880) S.I for 4 years = Rs. BU Page 15 www.aptitudecoach. Difficulty Level : Easy Basic Formula: S.I = PNR 100 Moderately easy Difficult Amount = Principal + S.
for 1 year S.I 80003000 5000 100 X 3000 5000 X 6 P R = = = 100/10 10% R = Simple Interest.I = Amount = Principal + S.in 8 Years.8000/.com . A certain sum of money lent out of SI amount to Rs.6 years Rs.I.I for 6 years = = 500 3000 = 1000 (90008000) P = = Amount – S. Find the sum and the rate of interest? Answer 10% Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.I for 2 years (86) S.aptitudecoach.16. BU Page 16 www.I Answer with Explanation: Given: S.9000/.
From (1) and (2). PX 12 X 8 100 R=8 (2) S.I = PNR 100 Moderately easy Difficult Answer with Explanation: We split the given problem into 2 parts Part (i) Given S. BU Page 17 www.I = Rs.9000/. 9000/ Simple Interest.I PX 8X 12 100 PX 8X 12 100 = 9000. = 9000 = Part (ii) Given (1) N=2. N = 8. R = 12 ∴S.17. 9000/ ∴ = S.I.I.as SI for 8 years at the rate of 12% what will be the SI on the same sum for 12 years at the rate of 8% ? Answer: 9000 Difficulty Level : Easy Basic Formula: S.com . A certain sum give RS. Shortcut method: Number of years in Part (i) = Rate of interest is part (i) ⇒ S. Rate of interest in Part (ii) Number of years in part (ii) = = Rs.aptitudecoach.I.
: 7% 18.com . P = 12000. BU Page 18 www.I = PNR 100 Moderately easy Difficult Results: Number of years in Part (i) = Rate of interest is part (i) = Rate of interest in Part (ii) Number of years in part (ii) Answer with Explanation: We split the given problem into 2 parts Part (i) Given Part (ii) Given P = 12000. what will be the rate of interest Ans. Difficulty Level : Easy Basic Formula: S.as SI for 7 years at the rate of 11% to get the same amount of interest of 11 years.12000/. R = 7% Simple Interest.aptitudecoach.A Principal amount give Rs. N = 11. N = 7. R = 11 Using the results(in the formula).
X and mr.I P = 1500. If the rate of intest is the same and Mr.1500/.2080/.aptitudecoach.Y what is the rate of SI ? ans: 8% 19.to mr. S.to Mr. Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.Y. give Rs. BU Page 19 www. for 8 years.I = Answer with Explanation: Given : For X. = N=A N= 8 Rs.from both Mr. 2080 ( For X and Y) 1500 X 8 XR 100 X ∴15001004 XR + = 2080 60R + 200R = 260R R R = = = 2080 2080 2080 / 260 8% 8% ∴Rate of interest of SI = Simple Interest.A received Rs.com .Mr.X for 4 years and Rs.2500/. For Y. P = 2500.A.
What is the rate of interest? Ans: 7% 20.I = Answer with Explanation: Given : X : Ms.30000/.Varshini gave Rs.000 (For X and Y) ∴30000 X 5 XR + 100 1500R +500R 2000 R 2R R 20000X 2 1 XR 2 = 14000 100 = = = = 14000 14000 14 7 ∴Rate of interest = 7% Simple Interest.aptitudecoach. Y: Mr.30000/.Vijay for 2 ½ years. If the rate of interests is the same and she received Rs. N= 2 ½ S. P = Rs.Ms.as SI from both.to Mr.to Mr. BU Page 20 www. 14.20000/. Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S. P= Rs.com .Varshini.Suresh for 5 years and Rs. N=5 For Y.14000//.I = Rs.20000/.Vijay For X.
BU Page 21 www.48000/. 48000/.I = 12. R = 6 ¼ S. What would be the SI on Rs.I = Answer with Explanation: Given: P = Rs.000 ∴ Simple Interest.21.com .for 4 years at the rate of 6 ¼% : Moderately easy Difficult Ans 12.I = 48000X 4 X 6 1 100 48000X 4 X 25 100 4 4 = = = 480 X 25 12000 S. N = 4.000 Difficulty Level : Easy Basic Formula: PNR 100 S.aptitudecoach.
000/ ∴ Simple Interest.I = 60000X 3 X 8 1 100 3 = = 60000X 3 X 25 100 3 600 X 25 S.000.aptitudecoach. 60. R = 8 1/3 S.60000/.What will be the SI on Rs. BU Page 22 www.I = = 15.for 3 years at the rate of 8 1/3% Ans 15. 15.I = PNR 100 Moderately easy Difficult Answer with Explanation: Given.000 22 Difficulty Level : Easy Basic Formula: S. N=3.com . P = Rs.I = PNR 100 S.000 Rs.
23 What will be the SI on Rs.I = = 37500 Rs. P = Rs.000.I = 75000X 3 X 16 2 100 75000X 3 X 50 100 3 3 = = 750 X 50 S.aptitudecoach. R = 16 2/3 S.I = PNR 100 S.500 Difficulty Level : Easy Basic Formula: S.I = PNR 100 Moderately easy Difficult Answer with Explanation: Given. 75. N=3.com . 37500/ ∴ Simple Interest.for 3 years at the rate of 16 2/3% Ans 37. BU Page 23 www.75000/.
I = PNR 100 N=3.I = Answer with Explanation: Given.000/ ∴ S. 25.000 Rs.000 Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.aptitudecoach.25000/.000.for 3 years at the rate of 33 1/3% Ans 25.I = 25000X 3 X 33 1 100 25000X 3 X 100 100 25000 X 100 100 3 = 3 = = = 25. BU Page 24 www. S.com . R = 33 1/3 S.I Simple Interest.25. P = Rs.24 What will be the SI on Rs.
Then S.A sum of money becomes double in 10 years. BU Page 25 www.I = Answer with Explanation: Given : N = 10 Let the sum be x. What is the rate of interests Ans:10% 25 Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.I = = = = Sum PNR 100 S.I = x Given a sum becomes double ⇒ S.I X 100x X = 10 becomes xX 10 XR 100 10x X R Rate of Interest = 10% Simple Interest.com .aptitudecoach.
I = 5000X 2 X 6 1 100 N=2.a.I = PNR 100 Rs. 112. R=6¼% 5000 X 25 100 25 4 = 5000X 2 X 4 = 100 = 25 X 25 S.112.I = 625 Gain = 625 400 = 225 for 2 years ∴Gain for one year = Rs.50 Difficulty Level : Easy Basic Formula: S. simple interest. BU Page 26 www. 5000 for 2 years at 4% p.167.aptitudecoach. for 2 years.125 Rs. Find his gain in the transaction per year. S.50 Simple Interest.I = 400 Part (ii) Given P = Rs. 5000.a.I = 5000 X 2 X 4 100 N=2.150 Moderately easy Rs. R = 4% = 100X 4 S. Rs. S.com .50 Difficult Answer with Explanation We split the given problem into 2 parts Part (i) Given P = Rs. He immediately lends it to another person at 6 1/4% p. A person borrows Rs. 5000.26.
becomes R = 4.a.I = PNR 100 Moderately easy Difficult Time = Number of years Answer with Explanation Given P = Rs. BU Page 27 www.5 years 4 years 4.5% p.27.com . 81/. S. of simple interest? 3. 450.5 years 5 years Difficulty Level : Easy Basic Formula: S.5% 450 XNX 4.5 100 2025N / 100 2025N 8100 / 2025 4 ∴Number of Years = 4 Simple Interest.aptitudecoach.450 to yield Rs.I 81 81 8100 N N = = = = = = PNR 100 S.I=Rs. How much time will it take for an amount of Rs.81 as interest at 4.
80 Rs. What is the present worth of Rs. BU Page 28 www.com . S.20.120 Moderately easy Difficult Answer with Explanation Let the present worth be x ( ie Principal = x) Then S.I = PNR 100 Rs. 120/ Simple Interest.28.I = Rs (132 – x) Given N = 2.112 Rs.I 132x 132x 132x 11x X R=5 = = = = = = PNR 100 becomes xX 2 X 5 100 10x / 100 x/10 ⇒ 1320 1320 / 11 = 120 1320 – 10x = x ∴Present worth = Rs.000 Difficulty Level : Easy Basic Formula: S.118.132 due to 2 years at 5% simple interest per annum? Rs.aptitudecoach.
150 will produce the same interest at 8% as Rs.800 produce in 3 years at 4 1/2%? 6 Difficulty Level : Easy Basic Formula: S. BU Page 29 www. 800/800X 3 X 4 1 100 N=3.I = PNR 100 8 Moderately easy 9 Difficult 12 Answer with Explanation We split the given problem into 2 parts Part (i) Given P = 150.I. 150 XNX 8 100 2 = 2 400 X 3 X 9 (2) 100 = 400 X 3 X 9 100 ⇒ 3XN 8 X 2 = 4 X 3 X9 3XNX4 = ⇒ N=9 4X3X9 ∴Number of Years = 9 Simple Interest. R=8 (1) ∴S. = Part (ii) Given 150 XNX 8 100 P = Rs. R=4½ 800X 3 X 9 100 ∴ = S. Rs. In how many years.I. = From (1) and (2).com .29.aptitudecoach.
000 Rs.a.12. Nitin borrowed some money at the rate of 6% p.8160. BU Page 30 www. for the period beyond eight years.8000 Rs. S. Part (iii) R = 13. If the total interest paid by him at the end of eleven years is Rs. for the first three years.30.a.I = Answer with Explanation We split the given problem into 3 parts Part (i) R = 6. 8160/ ∴ PX 6 X 3 100 + PX 9X 5 100 + PX 13 X 3 100 = 8160 1 P 8 10 0 + 45 P 100 + 39 P 100 = 8160 = 8160 ⇒ 102 P 100 18 P + 45 P + 39 P 100 = 8160 102 P = 816000 P= 816000 102 = 8000 P = Rs.a.1500 Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.aptitudecoach. N=3 N=3 N = 118 = 3 Part (ii) R = 9. 9% p. how much money did he borrow? Rs.com . for the next five years and 13% p. 8000/ Simple Interest. 000 Rs.10.I = Rs.
1 C.1000 11 =1000 110 4 100 1 1 1 0 – 1000 1 1 1 1 1 0 = 1 1 1 0 1000 10 4 .I = 400 (ii) C.10 = 464.40.40.1 Difference = C.I Difference = 64.1000 after 4 years? Rs.1 – 1000 = 464.I = 100 X4 S.I = 1000 X 10 X 4 100 S.10 Simple Interest.31.I = C.1 – 400 = 64.1000 =1000 X X 10 X X =1464. BU Page 31 www. = 464.I = 1000 10 4 1 + 100 .1000 .40 Moderately easy Rs.45 Difficult Answer with Explanation (i) S.aptitudecoach.com .10 Rs. What will be the difference between simple and compound interest at 10% per annum on a sum of Rs.I – S.I = PNR 100 R P 1 + 100 N Rs.I.64.31 Difficulty Level : Easy Basic Formula: S.
The sum is: Rs.aptitudecoach.815 in 3 years and to Rs. 39/ SI for 3 years = = = 39 X 3 = 117 Rs (815117) = 698 Rs. A sum of money at simple interest amounts to Rs. 854 ∴SI for 1 year = (854 – 815 = Rs. 815 Rs.698 Moderately easy Rs.650 Difficulty Level : Easy Basic Formula: Rs. BU Page 32 www.32.854 in 4 years.com .700 Difficult Answer with Explanation Given: Amount at SI for 3 years Amount at SI for 4 years = = Rs.690 Rs. 698/ ∴Amount Amount Simple Interest.
S. BU Page 33 www.I = PNR 100 Moderately easy Difficult Amount = Sum + S.com . S.33.I = 2x = 200 = R = Now X = Then SI = 2x [ Sum + SI = x +2x = 3x] [ N = 15 ½ = 31/2] PNR becomes 100 xXRX 31 / 2 100 31/2 R 400/31 sum = x. In how many years would it double itself? 6 years 3 months 7 years 9 months 8 years 3 months 9 years 6 months Difficulty Level : Easy Basic Formula: S.aptitudecoach.I Answer with Explanation Let sum = x. A sum of money trebles itself in 15 years 6 months.I =x [Sum + SI = 2x = Double the amount] xXNX 400 / 31 100 400 xN 31 100x = 31 = 4N = ⇒ N = 31/4 ⇒ 7¾ ∴N 7 years 9 months Simple Interest.
125 times the principal at 10% per annum? 1 1/4 years Difficulty Level : Easy Basic Formula: S. BU Page 34 www.125 X 1000 1000 x = 125x/1000 1/8x PNR 100 Given R = 10% S.34.I = becomes ⇒ 1 x /8 = 1/8 N = = xXNX 10 100 1 x /8 = Nx/10 N = 10/8 = 5/4 years N/10 1 ¼ years 1 ¼ years ⇒ ∴Time = Simple Interest.com . In how much time would the simple interest on a certain sum be 0.125 time the principal (ie) SI = .125x = S.I = .I = R= PNR 100 1 3/4 years 2 1/4 years 2 3/4 years Difficult Moderately easy SIX 100 PN Answer with Explanation Let Principal = x Given simple interest = .aptitudecoach.
com .I = Answer with Explanation Given Simple interest = 9/16 of the principal (ie) S. If the numbers representing the rate of interest in percent and time in years he equal. Simple interest on a certain amount is 9/16 of the principal.5 7 ½ Years Simple Interest. is: 5 1/2 years Difficulty Level : Easy Basic Formula: PNR 100 6 1/2 years Moderately easy 7 years 7 1/2 years Difficult S.I becomes 9 1 6 = P 9 1 6 [from (1) and (2)] ⇒ N2 = 900 16 = = N = 3 0 4 N = 7. BU Page 35 www.35. then time. for which the principal is lent out.aptitudecoach.I = 9 1 6 P (1) Given Rate of interest = Time in Years (ie) R = N (2) ∴ PNR = 100 PXNXN 100 N2 100 S.
15000. N = 2 C.15.I = PNR 100 Moderately easy Difficult C.36. Rate of Interest = 8% Simple Interest.I = P R N 1 + 100 –P (a+ b)2 = a2 + 2ab + b2 Answer with Explanation Given P = Rs.I = Rs. The difference between compound interest and simple interest on an amount of Rs. What is the rate of interest per annum? 8 10 12 None of these Difficulty Level : Easy Basic Formula: S.96.15000 X 100 = 96 15000 15000 15 R 2 10 (100 + R) 2 2R −1 − 10000 100 = 96 = 96 R=8 10000 + R 2 + 200 R −10000 − 200 R 10000 = 96 ⇒ R2 = 96 X 10 15 ⇒ R2 = 64 .aptitudecoach. 96/2 R −15000 15000 1 + ∴ 100  15000 XRX 2 100 15000 XRX 2 100 2R = 96 = 96 15000 (100 + R) 2 −1 −15000 10000 (100 + R) 2 − 1 10000 15000 .com . 000 for 2 years is Rs. BU Page 36 www.I – S.
5000.3000 to C for 4 years on simple interest at the same rate of interest and received Rs.37. The rate of interest per annum is: 5% Difficulty Level : Easy Basic Formula: PNR 100 7% Moderately easy 8% Difficult 10% S.2200 in all from both of them as interest. N = 4 S. 3000/. A lent Rs.I = Rs. 2200/ ∴2200 = 5000 X 2 XR 100 + 3000 X 4 XR 100 2200 = 100R +120R 2200 = 220R R = 2200/220 R = 10 Rate of Interest = 10% Simple Interest. BU Page 37 www.com .I = Answer with Explanation We split the given problem into 2 parts Given Part (i) P=Rs.5000 to B for 2 years and Rs. N = 2 Part (ii) P = Rs.aptitudecoach.
R.com . What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 Years? Answer : 2:3 Difficulty Level : Easy Basic Formula: Moderately easy Difficult Answer with Explanation Let P = Principal.Rate of interest Case (i) N=6 Case (ii) N=9 ∴Ratio = 6/9 = 2: 3 PX 6 XR 100 PX 9 XR 100 = 6PR / 9PR Simple Interest. BU Page 38 www.38.aptitudecoach.
At what rate per cent per annum will be simple interest on a sum of money be 2/5 of the amount in 10 years? Answer : 4% Difficulty Level : Easy Basic Formula: S.I = R= PNR 100 SIX 100 PN Moderately easy Difficult Answer with Explanation Given N = 10 Let Sum = x (Principal amount) S. BU Page 39 www.com .I R R R = = = = 2x / 5 SIX 100 PN becomes 2 x / 5 X 100 xX 10 2 xX 20 xX 10 ⇒ 2X2=4 R=4 Simple Interest.39.aptitudecoach.
What is the principal amount? Answer : Rs.40.I = Answer with Explanation Given N = 6.I 1230 1230 3P P = = = = = PNR 100 becomes PX 6 X 5 100 6P/20 12300 4100 ⇒ 3P/10 Amount = Rs. 4100/ Simple Interest. BU Page 40 www.com . A man borrowed certain amount for 6 years at the rate of 5% and paid a SI of Rs. S.I = 1230 S. 1230. 4100 Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.aptitudecoach. R = 5.
Rs. how much more interest would it have earned? Answer : 350 Difficulty Level : Easy Basic Formula: S.41.500 earns simple interest of Rs. 2.I = = = N = 7.com . 1750 after 7 years.aptitudecoach. S. 2500/. Had the interest been 2% more. PNR 100 R = 2. BU Page 41 www. becomes 2500 X 7 X 2 100 25 X 7 X 2 = 350 More interest is Rs. 350/ Simple Interest.I = PNR 100 Moderately easy Difficult Answer with Explanation Given P = Rs.
com .aptitudecoach. What is the rate of interest? Answer : 5% Difficulty Level : Easy Basic Formula: PNR 100 SIX 100 PN Moderately easy Difficult S.42. A sum of money becomes 5/4 of itself in 5 years at a certain rate of interest.I = Sum Amount = = Principal Principal +SI R= Answer with Explanation Let sum = x Then Amount = 5x/4 S. BU Page 42 www.I = Amount – Sum = 5x/4 –x = 1x/4 R R R = 1 xX 100 4 xX 5 = 25/5 = 5% Simple Interest.
BU Page 43 www. At what rate percent per annum will a sum of money double in 16 years ? Answer : 6.aptitudecoach. time = 16 years { ( SI + Sum = double the amount) x+x = 2x} x xX 100 xX 16 = = = = R = xX 16 XR 100 R 100/16 12.25% = 50/8 = 25/4 R R Simple Interest.43.5/2 6.I = PNR 100 Moderately easy Difficult Amount = Principal +SI Answer with Explanation Given Let Sum = x Then SI =x.com .25% Difficulty Level : Easy Basic Formula: S.
BU Page 44 www. Find the rate percent and time.com .aptitudecoach.I = PNR 100 becomes 4 9 4 9 P = = PNN 100 N2 100 9N2 N2 N = = = 400 400/9 ⇒ 20/3 = N 6 years 2/3 years N = 6 years 8 months Simple Interest.I = Answer with Explanation Given (i) S. Answer: 6 Years 8 Months Difficulty Level : Easy Basic Formula: PNR 100 Moderately easy Difficult S.I = 4P/5 (ii) Rate percent = Time (ie ) R = N S.44. The simple interest on a sum of money is 4/9 of the principal. if both are numerically equal.
000 Difficulty Level : Easy Basic Formula: S. BU Page 45 www.a. N = 3.I = PNR 100 Moderately easy Difficult Answer with Explanation Given S. r=12 S.aptitudecoach.I = Rs. 15.000 Principal amount = Rs. 5400/. simple interest.I 5400 = = PNR 100 becomes PX 3X 12 100 5400 18P P = = = 1 P 8 5 0 270000 270000 18 = 15.5400 interest only. The principal amount borrowed by him was: Answer : 15.45. A man took loan from a bank at the rate of 12% p.com .000/ Simple Interest. After 3 years he had to pay Rs.
It will become 4 times in ? Answer : 15 Difficulty Level : Easy Basic Formula: S.I = PNR 100 becomes x R = = xX 5XR 100 100 x 5x ⇒ R = 20% ( SI + Sum = 3x +x = 4x) Now. If the sum of money double in 5 years.com .46. R = 20% S.I = PNR 100 Moderately easy Difficult Amount = Principal +SI Answer with Explanation Given Let Sum = x. Sum = x.I = 3x. S.I = PNR 100 becomes 3x 2N = = xXNX 20 100 ⇒ ⇒ 3= 2N 10 30 N = 15 Simple Interest. S. BU Page 46 www.aptitudecoach. Then SI =x.