Problems on Simple Interest

Problems on Simple Interest

#### If the principal amount is Rs. 500, rate of interest is 6% per annum, and time is 3 years, what is the simple interest? 1. [ ] Rs. 27 2. [x] Rs. 90 3. [ ] Rs. 300 4. [ ] Rs. 900 #### If the simple interest on a principal amount for 3 years at 5% per annum is Rs. 150, what is the principal amount? 1. [ ] Rs. 500 2. [ ] Rs. 600 3. [ ] Rs. 750 4. [x] Rs. 1000 #### Given that simple interest on a certain sum of money is Rs. 4016.25 at 9% per annum in 5 years. Find the sum of money. 1. [x] Rs 8925 2. [ ] Rs 8825 3. [ ] Rs 8625 4. [ ] Rs 8725 #### sum of Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate increases by 3%, what will be the amount? 1. [x] Rs 992 2. [ ] Rs 995 3. [ ] Rs 998 4. [ ] Rs 999 #### A sum of Rs. 12000 is lent out at 5% per annum simple interest for 5 years. What will be the amount after 5 years? 1. [x] Rs 15000 2. [ ] Rs 20000 3. [ ] Rs 25000 4. [ ] Rs 35000