50 Simple Interest Problems With Solutions

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Simple Interest
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
PNR
S.I =
100
P – Principal amount, N- Number of years, R – Rate of Interest
Answer with Explanation:
Given P = 2500, N = 8 Years, R = 12%
PNR
There fore S.I =
100
2500 X 12 X 8
S.I =
100
S.I = 2400
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2. What is the SI on Rs.7500/- at the rate of 10% per annum for 5 years?
Ans 3750
Basic Formula:
PNR
S.I =
100
Given P = 7500, N = 5 Years, R = 10%
PNR
There fore S.I =
100
7500 X 10 X 5
S.I =
100
= 75 X 5 X 10
S.I = 3750

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:
PNR
S.I =
100
Given P = 5000, N = 6 Years, R = 8%
There fore S.I = PNR / 100
5000 X 8 X 6
S.I =
100
= 50 X 6 X 8
S.I = 2400
Total repayment = S.I + Principal amount
Answer = 2400 + 5000 = Rs 7400

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:

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/-

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
Basic Formula:
PNR
S.I =
100
Given P = 12000, N = 5 years,

(i) R = 10%, (ii) R = 13%
Case (i)
PNR
S.I =
100
12000 X 5 X 10
=
100
= Rs. 6000/-
Case (ii):
PNR
S.I =
100
12000 X 5 X 13
=
100
= 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 4th problem (or) 5th problem.

6. In what time, we can get Rs.1200/- as SI on Rs.5000/- at the rate of 8%?

Ans 3
Basic Formula:
PNR
S.I =
100
Time = Number of years (N)
Given :
S.I. = Rs. 1200/-
P = Rs. 5000/-
R = 8%
To find time (Number of years (N) )
5000 XNX 8
1200 =
100
1200 = 400 N
N = 1200/400
N = 3
Therefore N = 3 years

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:
PNR
S.I =
100
Time = Number of years (N)
Given :
S.I. = Rs. 2800/-
P = Rs. 6000/-
R = 12%
To find time (Number of years (N) )
6000XNX 12
2800 =
100
2800 = 720 N
N = 2800/720
N = 4
Therefore N = 4 years

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%
Basic Formula:
PNR
S.I =
100
Interest = Simple Interest
Given :
P = Rs. 25000/-
S.I = Rs. 12500/-
N = 5 Years
To find R
25000 X 5 XR
12500 =
100
R = 12500 / 1250
= 10%
Therefore the Rate of Interest = 10%

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%
Basic Formula:
PNR
S.I =
100
Interest = Simple Interest

Given :
P = Rs. 50000/-
S.I = Rs. 18000/-
N = 3 Years
To find R
50000 X 3 XR
12500 =
100
R = 18000 / 1500
= 180 / 15
= 12
Therefore the Rate of Interest = 12 %

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
Basic Formula:
PNR
S.I =
100
Given
R = 11%, N = 5 years, S.I + P = Rs.12400/-
To find P,
PNR
We know that S.I =
100
PNR
S.I + P = +P
100
PX 5X 11
(ie) 12400 = +P
100
55P
12400 = +P
100
55
12400 = P{ +1}
100
155
= P{ }
100
P = 12400 X 100/155
P = Rs. 8000/-

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
Basic Formula:
Note : Problems 10 and 11 are of same type. So you can follow either the
following method or 10th problem method.
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/-

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
Basic Formula:
Given rate of interest is increased, so we add the given amount and the calculated
amount
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/-

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
Basic Formula:
Given rate of interest is increased, so we add the given amount and the calculated
amount

Short cut method:
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

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
Basic Formula:
Given rate of interest is reduced, so we subtract the given amount and the
calculated amount

Short cut method:
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

15. A principal amount to RS.8880/- in 4 years and Rs.9600/- in 5 years what is

the rate of interest?
Ans 12%
Basic Formula:
PNR
S.I =
100
Amount = Principal + S.I
S,I for one Year = Rs.720 (9600 – 8880)
S.I for 4 years = Rs.2880
Principal = Amount – S.I
= 8880 – 2880
= 6000
SIX100
R =
PN
2880 X 100
=
6000 X 4
= 288/6X 4
= 48/4 = 12
Therefore R = 12%.

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%
Basic Formula:
PNR
S.I =
100
Amount = Principal + S.I

Given:
S.I for 2 years = 1000 (9000-8000)
(8-6)
S.I. for 1 year = 500
S.I for 6 years = 3000
P = Amount – S.I
= 8000-3000
P = 5000
100 X 3000
R =
5000 X 6
= 100/10
R = 10%

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
Basic Formula:
PNR
S.I =
100
We split the given problem into 2 parts

Part (i)
Given S.I = 9000, N = 8, R = 12
PX 8X 12
∴ S.I. =
100
PX 8X 12
9000 = ------------------(1)
100
Part (ii)
Given N=2, R=8
PX 12X 8
∴ S.I. = ------------------(2)
100
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/-

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%
Basic Formula:
PNR
S.I =
100
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)
Part (i)
Given P = 12000, N = 7, R = 11
Part (ii)
Given P = 12000, N = 11,
Using the results(in the formula),
R = 7%

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%
Basic Formula:
PNR
S.I =
100
Given :
For X, P = 1500, N=A
For Y, P = 2500, N= 8
S.I = Rs. 2080 ( For X and Y)
1500 X 4 XR 1500 X 8 XR
∴ + = 2080
100 100
60R + 200R = 2080
260R = 2080
R = 2080 / 260
R = 8%
∴ Rate of interest of SI = 8%

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%
Basic Formula:
PNR
S.I =
100
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)
30000 X 5 XR 20000 X 2 1 XR
∴ + 2 = 14000
100 100
1500R +500R = 14000
2000 R = 14000
2R = 14
R = 7
∴ Rate of interest = 7%

21. What would be the SI on Rs.48000/- for 4 years at the rate of 6 ¼% :

Ans 12,000
Basic Formula:
PNR
S.I =
100

Given:
P = Rs. 48000/-, N = 4, R = 6 ¼
48000 X 4 X 6 1
S.I = 4
100
48000 X 4 X 25
= 4
100
= 480 X 25
= 12000
∴ S.I = 12,000

What will be the SI on Rs.60000/- for 3 years at the rate of 8 1/3%

22
Ans 15,000
Basic Formula:
PNR
S.I =
100
Given,
P = Rs. 60,000, N=3, R = 8 1/3
PNR
S.I =
100
60000 X 3 X 8 1
S.I = 3
100
60000 X 3 X 25
= 3
100
= 600 X 25 = 15,000
∴ S.I = Rs. 15,000/-

23 What will be the SI on Rs.75000/- for 3 years at the rate of 16 2/3%

Ans 37,500
Basic Formula:
PNR
S.I =
100
Given,
P = Rs. 75,000, N=3, R = 16 2/3
PNR
S.I =
100
75000 X 3 X 16 2
S.I = 3
100
75000 X 3 X 50
= 3
100
= 750 X 50 = 37500
∴ S.I = Rs. 37500/-

24 What will be the SI on Rs.25000/- for 3 years at the rate of 33 1/3%

Ans 25,000
Basic Formula:
PNR
S.I =
100
Given,
P = Rs.25,000, N=3, R = 33 1/3
PNR
S.I =
100
25000 X 3 X 33 1
S.I = 3
100
25000 X 3 X 100
= 3
100
25000X 100
= = 25,000
100
∴ S.I = Rs. 25,000/-

25 A sum of money becomes double in 10 years. What is the rate of interests

Ans:10%
Basic Formula:
PNR
S.I =
100

Given : N = 10
Let the sum be x, Then S.I = x
 Given a sum becomes double
⇒ S.I = Sum
PNR
S.I = becomes
100
xX 10XR
X =
100
100x = 10x X R
X = 10
Rate of Interest = 10%

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
Basic Formula:
PNR
S.I =
100
Answer with Explanation

Part (i)
Given P = Rs. 5000, N=2, R = 4%
5000 X 2 X 4
S.I = = 100X 4
100
S.I = 400
Part (ii)
Given P = Rs. 5000, N=2, R=6¼%

5000 X 2 X 6 1 25 5000X 25
S.I = 4 = 5000 X 2 X 4 = = 25 X 25
100 100 100
S.I = 625
Gain = 625 -400 = 225 for 2 years
∴ Gain for one year = Rs. 112.50

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
Basic Formula:
PNR
S.I =
100
Time = Number of years

Given P = Rs. 450, S.I=Rs. 81/-, R = 4.5%
PNR
S.I = becomes
100
450XNX 4.5
81 =
100
81 = 2025N / 100
8100 = 2025N
N = 8100 / 2025
N = 4
∴ Number of Years = 4

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
Basic Formula:
PNR
S.I =
100

Let the present worth be x ( ie Principal = x)
Then S.I = Rs (132 – x)
Given N = 2, R=5
PNR
S.I = becomes
100
xX 2X 5
132-x =
100
132-x = 10x / 100

132-x = x/10 ⇒ 1320 – 10x = x
11x = 1320
X = 1320 / 11 = 120
∴ Present worth = Rs. 120/-

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
Basic Formula:
PNR
S.I =
100

Part (i)
Given P = 150, R=8
150XNX 8
∴ S.I. = ------------------(1)
100
Part (ii)
Given P = Rs. 800/- N=3, R=4½
800 X 3 X 4 1 800 X 3 X 9
∴ S.I. = 2 = 2
100 100
400 X 3 X 9
= ------------------(2)
100
From (1) and (2),
150XNX 8 400 X 3 X 9 3XNX 8
= ⇒ = 4 X 3 X9
100 100 2
3XNX4 = 4X3X9
⇒ N=9
∴ Number of Years = 9

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
Basic Formula:
PNR
S.I =
100

Part (i) R = 6, N=3
Part (ii) R = 9, N=3
Part (iii) R = 13, N = 11-8 = 3
S.I = Rs. 8160/-
 PX 6X 3   PX 9X 5   PX 13X 3 
∴   +   +   = 8160
 100   100   100 
18P 45P 39P

+ + = 8160
100 100 100
18 P + 45 P + 39 P 102P
= 8160 ⇒ = 8160
100 100
102 P = 816000
816000
P= = 8000
102
P = Rs. 8000/-

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

Basic Formula:
PNR
S.I =
100
 R 
C.I = P  1 +  N
 100 
1000 X 10 X 4
(i) S.I =
100
S.I = 100 X4
S.I = 400
 10 
(ii) C.I = 1000  1 +  4
- 1000
 100 
 110  4  11 
=1000   – 1000 = 1000   4
- 1000
 100   10 
11 11 11 11
=1000 X X X X - 1000
10 10 10 10
=1464.1 – 1000 = 464.1
C.I. = 464.1
Difference = C.I – S.I = 464.1 – 400 = 64.10
Difference = 64.10

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
Basic Formula:

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 (815-117) = 698
Amount = Rs. 698/-

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
Basic Formula:
PNR
S.I =
100
Amount = Sum + S.I

Let sum = x, Then SI = 2x
PNR
S.I = becomes [ Sum + SI = x +2x = 3x]
100
xXRX 31 / 2
2x = [ N = 15 ½ = 31/2]
100
200 = 31/2 R
R = 400/31
Now sum = x, S.I =x [ Sum + SI = 2x = Double the amount]
xXNX 400 / 31
X =
100
400xN
100x =
31
31 = 4N ⇒ N = 31/4 ⇒ 7¾
∴ N = 7 years 9 months

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
Basic Formula:
PNR
S.I =
100
SIX100
R=
PN

Let Principal = x
Given simple interest = .125 time the principal
(ie) SI = .125x
.125 X 1000
= x = 125x/1000
1000
S.I = 1/8x
Given R = 10%
PNR
S.I = becomes
100
xXNX 10
1 x /8 = ⇒ 1 x /8 = Nx/10
100
1/8 = N/10 ⇒ N = 10/8 = 5/4 years
N = 1 ¼ years
∴ Time = 1 ¼ years

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
Basic Formula:
PNR
S.I =
100
Given Simple interest = 9/16 of the principal
9
(ie) S.I = P ----------------------(1)
16
Given Rate of interest = Time in Years
(ie) R = N ------------------(2)
PNR
∴ = S.I becomes
100
PXNXN 9
= P [from (1) and (2)]
100 16
N2 9 900
= ⇒ N2 =
100 16 16
30
N = = 7.5
4
N = 7 ½ Years

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
Basic Formula:
PNR
S.I =
100
 R 
C.I = P  1 +  N
–P
 100 
(a+ b)2 = a2 + 2ab + b2

Given P = Rs.15000, N = 2
C.I – S.I = Rs. 96/-
  R 
2
 15000XRX 2
∴  15000 1 +  − 15000 - = 96
  100   100
  (100 + R ) 2   15000XRX 2
 15000 − 1 − 15000 - = 96
  10000   100
  (100 + R ) 2   2R
15000   − 1  - 15000 X = 96
  10000   100
  (100 + R ) 2 2R  
15000   − 1−   = 96
  10000 100  

 10000 + R 2 + 200 R − 10000 − 200 R 

15000   = 96
 10000 
15 R 2 96X 10
= 96 ⇒ R2 = ⇒ R2 = 64 , R = 8
10 15

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%
Basic Formula:
PNR
S.I =
100

Given
Part (i) P=Rs.5000, N = 2
Part (ii) P = Rs. 3000/-, N = 4
S.I = Rs. 2200/-
5000 X 2 XR 3000 X 4 XR
∴ 2200 = +
100 100
2200 = 100R +120R
2200 = 220R
R = 2200/220
R = 10

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
Basic Formula:

Let P = Principal, R- Rate of interest
Case (i)
N=6
Case (ii)
N=9
PX 6 XR
∴ Ratio = 100 = 6PR / 9PR
PX 9 XR
100
6/9 = 2: 3

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%
Basic Formula:
PNR
S.I =
100
SIX100
R=
PN
Given
N = 10
Let Sum = x (Principal amount)
S.I = 2x / 5
SIX100
R = becomes
PN
2 x / 5 X 100
R =
xX 10
2 xX 20
R = ⇒ 2X2=4
xX 10
R=4

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
Basic Formula:
PNR
S.I =
100
Given
N = 6, R = 5, S.I = 1230
PNR
S.I = becomes
100
PX 6X 5
1230 =
100
1230 = 6P/20 ⇒ 3P/10
3P = 12300
P = 4100
Amount = Rs. 4100/-

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
Basic Formula:
PNR
S.I =
100
Given
P = Rs. 2500/-, N = 7, R = 2,
PNR
S.I = becomes
100
2500 X 7 X 2
=
100
= 25 X 7 X 2 = 350
More interest is Rs. 350/-

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%
Basic Formula:
PNR
S.I = Sum = Principal
100
SIX100
R= Amount = Principal +SI
PN
Let sum = x
Then Amount = 5x/4
S.I = Amount – Sum
= 5x/4 –x = 1x/4
1
xX 100
R = 4
xX 5
R = 25/5
R = 5%

43. At what rate percent per annum will a sum of money double in 16 years ?
Answer : 6.25%
Basic Formula:
PNR
S.I =
100
Amount = Principal +SI
Given
Let Sum = x
Then SI =x, time = 16 years { ( SI + Sum = double the amount) x+x = 2x}
xX 16XR
x =
100
xX 100
= R
xX 16
R = 100/16 = 50/8 = 25/4
R = 12.5/2
R = 6.25%

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
Basic Formula:
PNR
S.I =
100
Given
(i) S.I = 4P/5
(ii) Rate percent = Time
(ie ) R = N
PNR
S.I = becomes
100
4 PNN
P =
9 100
4 N2
=
9 100
9N2 = 400
N2 = 400/9 ⇒ 20/3 = N
N = 6 years 2/3 years

N = 6 years 8 months

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
Basic Formula:
PNR
S.I =
100

Given
S.I = Rs. 5400/-, N = 3, r=12

PNR
S.I = becomes
100
PX 3X 12
5400 =
100
18P
5400 =
50
18P = 270000
270000
P = = 15,000
18
Principal amount = Rs. 15,000/-

46. If the sum of money double in 5 years. It will become 4 times in ?
Answer : 15
Basic Formula:
PNR
S.I =
100
Amount = Principal +SI
Given
Let Sum = x, Then SI =x,
PNR
S.I = becomes
100
xX 5XR
x =
100
100 x
R = ⇒ R = 20% ( SI + Sum = 3x +x = 4x)
5x
Now, Sum = x, S.I = 3x, R = 20%
PNR
S.I = becomes
100
xXNX 20 2N
3x = ⇒ 3=
100 10
2N = 30 ⇒ N = 15

50 Simple Interest Problems With Solutions

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Difficulty Level : Easy Yes Moderately easy Difficult

Simple Interest is denoted by SI

P – Principal amount, N- Number of years, R – Rate of Interest

Answer with Explanation:

Given P = 2500, N = 8 Years, R = 12%

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Difficulty Level : Easy Yes Moderately easy Difficult

Simple Interest is denoted by SI

P – Principal amount, N- Number of years, R – Rate of Interest

Answer with Explanation:

Given P = 7500, N = 5 Years, R = 10%

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Difficulty Level : Easy Moderately easy Yes Difficult

Simple Interest is denoted by SI

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

Total repayment = S.I + Principal amount

Answer = 2400 + 5000 = Rs 7400

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Difficulty Level : Easy Moderately easy Difficult Yes

Answer with Explanation:

Given N = 7 years and P = Rs. 8000

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Difficulty Level : Easy Moderately easy Yes Difficult

P – Principal amount, N- Number of years, R – Rate of Interest

Answer with Explanation:

Given P = 12000, N = 5 years,

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6. In what time, we can get Rs.1200/- as SI on Rs.5000/- at the rate of 8%?

Difficulty Level : Easy Moderately easy Yes Difficult

P – Principal amount, N- Number of years, R – Rate of Interest

Time = Number of years (N)

Answer with Explanation:

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7. In what time RS.6000/- give RS.2880/-as SI at the rate of 12%?

Difficulty Level : Easy Moderately easy Difficult

P – Principal amount, N- Number of years, R – Rate of Interest

Time = Number of years (N)

Answer with Explanation:

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Difficulty Level : Easy Yes Moderately easy Difficult

Interest = Simple Interest

Answer with Explanation:

Therefore the Rate of Interest = 10%

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Difficulty Level : Easy Moderately easy Difficult

Interest = Simple Interest

Answer with Explanation:

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Difficulty Level : Easy Moderately easy Difficult

Answer with Explanation:

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Difficulty Level : Easy Yes Moderately easy Difficult

Answer with Explanation:

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)