Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs 19,550 at the end of 7 years, how much money did he borrow ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Punjab And Sind Bank) 2011 click here to view all questions

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs 19,550 at the end of 7 years, how much money did he borrow ?

ARs 39,500

BRs 42,500

CRs 41,900

DRs 43,000

upendra ? May 24 '2020 at 9:8

If the amount borrowed be Rs.x, then

$\Large \frac{x \times 4 \times 3}{100}+\frac{x \times 8 \times 2}{100}+\frac{x \times 9 \times 2}{100}$ = Rs.19550Th

=>$\Large \frac{12x}{100}+\frac{16x}{100}+\frac{18x}{100}$ = 19550

=> 12x+16x+18x

= 1955000

=> 46x = 1955000

=> x = $\Large \frac{19550000}{46}$

= Rs.42500

View Answer

Discuss

What total amount would Mithilesh get at the end of three years if he invests an amount of Rs 11,200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Indian Bank) 2011 click here to view all questions

What total amount would Mithilesh get at the end of three years if he invests an amount of Rs 11,200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years ?

ARs 14,056

BRs 14,348

CRs 13,852

DRs 15,064

upendra ? undefined

Correct answer is: Rs 14,056

Explanation:

\(S.I = \Large \frac{Principal \times Time \times Rate}{100}\)

\(=\Large \frac{11200 \times 3 \times 8.5}{100}\)

Therefore, Required amount
\(= Rs.(11200+2856)\)

\(= Rs.14056\)

View Answer

Discuss

The simple interest accrued on a sum of certain principal is Rs 1,200 in four years at the rate of 8 p.c.p.a. What would be the simple interest accrued on thrice of that principal at the rate of 6 p.c.p.a. in 3 years ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Oriental Bank of Commerce) 2010 click here to view all questions

The simple interest accrued on a sum of certain principal is Rs 1,200 in four years at the rate of 8 p.c.p.a. What would be the simple interest accrued on thrice of that principal at the rate of 6 p.c.p.a. in 3 years ?

ARs 2,025

BRs 3,025

CRs 2,250

DRs 2,150

upendra ? undefined

Correct answer is: Rs 2,025

Explanation:

\(Principal = \Large \frac{SI \times 100}{Time \times Rate}\)

\(=\Large \frac{1200 \times 100}{4 \times 8}\)

=Rs.3750

\(\text{New principal }= 3×3750 = Rs.11250\)

\(\text{Therefore, S.I}. = \Large \frac{Principal \times Time \times Rate}{100}\)

\(=\Large \frac{11250 \times 3 \times 6}{100}\)
\(=Rs.2025\)

View Answer

Discuss

Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Allahabad Bank) 2010 click here to view all questions

Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum ?

A4

B8

C5

DCannot be determined

upendra ? undefined

Correct answer is: Cannot be determined

Explanation:

According to the question,

\(\Large \frac{P \times R \times 6}{100}=\frac{P \times R \times 4}{100} \times \frac{150}{100}\)

This relation gives no result.

View Answer

Discuss

Shamita took a loan at simple interest rate of 6 p.c.p.a in the year and it increased by 1.5 p.c.p.a every year. If she pays Rs. 8,190 as interest at the end of 3 years, what was her loan amount ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Indian Bank) 2010 click here to view all questions

Shamita took a loan at simple interest rate of 6 p.c.p.a in the year and it increased by 1.5 p.c.p.a every year. If she pays Rs. 8,190 as interest at the end of 3 years, what was her loan amount ?

ARs. 36000

BRs. 35400

CRs. 36800

DNone of these

upendra ? undefined

Correct answer is: None of these

Explanation:

Let the loan amount be Rs.x,

Therefore, 8190

\(\Large \frac{x \times 6 \times 1}{100}+\frac{x \times 7.5 \times 1}{100}+\frac{x \times 9 \times 1}{100}\)

\(=>\Large \frac{22.5x}{100} = 8190 \)

\(=> x = \Large \frac{8190 \times 100}{22.5}\)= Rs.36400

View Answer

Discuss

What amount a man would have received on a principal of Rs. 4,000 after two years at simple interest at the rate of 5 per cent per annum ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Corporation Bank) 2009 click here to view all questions

What amount a man would have received on a principal of Rs. 4,000 after two years at simple interest at the rate of 5 per cent per annum ?

ARS 4,161

B RS 5,200

CRS 4,400

D RS 4,100

upendra ? undefined

Correct answer is: RS 4,400

Explanation:

S.I. = \(\Large \frac{Principal \times Time \times Rate}{100}\)

 

= Rs. \(\Large \left(\frac{4000 \times 2 \times 5}{100}\right)\)

Therefore, Amount received = S.I. + Principal

 

= Rs.  \(\Large \left(4000 + 400\right)\)

= Rs.4400

View Answer

Discuss

The simple interest accrued on an amount of Rs. 2,500 at the end of six years is Rs. 1,875. What would be the simple interest accrued on an amount of Rs. 6,875 at the same rate and same period ? "

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (PNB Bank) 2009 click here to view all questions

The simple interest accrued on an amount of Rs. 2,500 at the end of six years is Rs. 1,875. What would be the simple interest accrued on an amount of Rs. 6,875 at the same rate and same period ?

ARs. 4,556.5

BRs. 5,025.25

CRs. 4,895.25

DNone of these

upendra ? undefined

Correct answer is: None of these

Explanation:

SI on Rs.2500 for 6 years at a certain rate = Rs.1875

=> SI on Rs. 6875 for the same period at the same rate

\(\Large \frac{1875 \times 6875}{2500}\)

=Rs.2156.25

View Answer

Discuss