Simple Interest - Mock Test 4

Question 31

Reema took a loan of Rs 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest.?

A) 7% B) 5% C) 6% D) 8%

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Question 32

If A lends Rs. 3500 to B at 10% Per Annum and B lends the same sum to C at 11.5% Per Annum, then the gain of B (in Rs.) in a period of 3 years is ?

A) Rs. 154.50 B) Rs. 156.50 C) Rs. 155.50 D) Rs. 157.50

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Question 33

A 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%, the effective rate of interest becomes.?

A) 10.25% B) 10% C) 9.25% D) 9%

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Question 34

Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005 ?

A) Rs 30 B) Rs 25 C) Rs 35 D) Rs 40

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Question 35

A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.?

A) Rs 15000 B) Rs 14000 C) Rs 17000 D) Rs 16000

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