Q1 · medium · AI-verified
A sum of ₹8,400 amounts to ₹10,668 in 3 years at simple interest. What is the rate of interest per annum?
- 8%
- 10%
- 9%
- 8.5%
Q2 · medium · AI-verified
The simple interest on a sum of money is 1/4 of the principal and the number of years equals the rate percent per annum. Find the rate of interest.
- 6%
- 5%
- 7%
- 4%
Q3 · medium · AI-verified
A person deposits ₹12,000 in a bank at 7.5% per annum simple interest. What will be the amount after 2 years?
- ₹13,200
- ₹14,400
- ₹14,100
- ₹13,800
Q4 · medium · AI-verified
A sum of ₹15,000 is lent out in two parts: one at 9% per annum and the other at 12% per annum simple interest. If the total annual interest is ₹1,560, what is the sum lent at 12%?
- ₹7,000
- ₹8,000
- ₹9,000
- ₹6,000
Q5 · medium · AI-verified
₹10,000 is invested for 2 years. For the first year the rate is 6% and for the second year the rate is 8% per annum simple interest. What is the total interest earned?
- ₹1,600
- ₹1,400
- ₹1,200
- ₹1,480