Scribd
Upload
68 views

Maths Mania # 053: DIRECTIONS: For The Following Questions, Four Options Are Given. Choose The Correct Option

This document contains 10 math problems related to simple interest calculations. It provides the questions, steps to solve each problem, and the detailed solutions. Some of the questions require calculating simple interest amounts based on given loan principal amounts, interest rates, and time periods. Others involve determining unknown values like principal amounts, interest rates or time periods based on the interest amounts provided.

Uploaded by

TUSHAR JALAN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
68 views

Maths Mania # 053: DIRECTIONS: For The Following Questions, Four Options Are Given. Choose The Correct Option

This document contains 10 math problems related to simple interest calculations. It provides the questions, steps to solve each problem, and the detailed solutions. Some of the questions require calculating simple interest amounts based on given loan principal amounts, interest rates, and time periods. Others involve determining unknown values like principal amounts, interest rates or time periods based on the interest amounts provided.

Uploaded by

TUSHAR JALAN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Maths Mania # 053

DIRECTIONS: For the following questions, four options are given. Choose the correct option.

1. A man borrows Rs.2000 and pays back after 3 years at 10% simple interest. The amount paid by
the man is
(1) Rs.2400
(2) Rs.2600
(3) Rs.3000
(4) Rs. 2750

2. The sum which amounts to Rs.840 in 5 years at the rate of 8% per annum simple interest is Rs.

100 × 840
(1)
100 + 5 × 8

100 + 5 × 8 × 100
(2)
840

100 + 840
(3)
400 + 5 × 8

840 × 5 × 8
(4)
100

3. How much should a person lend at simple rate of interest of 5% in order to have Rs.645 at the end
1
of 1 years ?
2
(1) Rs.580
(2) Rs.600
(3) Rs.610
(4) Rs.620

4. If the rate of simple interest is 12% p.a., the amount that would fetch interest of Rs.6000 per
annum is
(1) Rs.7200
(2) Rs.48543.69
(3) Rs.50000
(4) Rs.72000

5. The simple interest on a sum of money at 5% is Rs.48 for 4 years. The simple interest on the same
sum for 5 years at 4% will be
(1) Rs.40
(2) Rs.48
(3) Rs.50
(4) Rs.60
6. If Rs.64 amount to Rs.83.20 in 2 years, what will Rs.86 amount to in 4 years at the same rate
percent per annum ?
(1) Rs.137.60
(2) Rs.124.70
(3) Rs.114.80
(4) Rs.127.40

7. A certain sum at simple interest amounts to Rs.1040 in 3 years and to Rs.1360 in 7 years. Then,
the sum is
(1) Rs.750
(2) Rs.800
(3) Rs.900
(4) None of these

8. A sum of money amounts to Rs.702 in 2 years and Rs. 783 in 3 years. The rate percent per annum
is
(1) 12%
(2) 13%
(3) 14%
(4) 15%

9. The simple interest at x% for x years will be Rs.x on a sum of


(1) Rs.x
(2) Rs.100x

FG 100 IJ
(3) Rs. HxK
(4) Rs. GH
F 100 IJ
x K
2

10. A person takes a loan of Rs.200 at 5% simple interest. He returns Rs.100 at the end of 1 years. In
order to clear his dues at the end of 2 years, he would pay
(1) Rs.100
(2) Rs.105
(3) Rs.110
(4) Rs.115.50
Detailed Solutions

1.
FG
Amount = Rs. 2000 +
2000 × 10 × 3IJ
= Rs.2600. Ans.(2)
H 100 K
2. Let sum = Rs.100. Then, amount =
FG100 + 100 × 8 × 5 IJ = (100 + 8 × 5).
H 100 K
When the amount is (100 + 8 × 5), sum = 100.

When the amount is 840, sum =


FG 100 × 840 IJ
H 100 + 8 × 5K Ans.(1)

3. Let money lent be Rs. P.

Then P + P × 5 ×
3
×
1
= 645 ⇒ P 1 +
3 FG
= 645.
IJ
2 100 40 H K
∴ P = Rs.
FG 645 × 40IJ = Rs.600. Ans.(2)
H 43 K
12
4. Let sum = P. Then, P × × 1 = 6000 ⇒ P = 50000. Ans.(3)
100

5. Principal = Rs.
FG 100 × 48IJ = Rs.240.
H 5× 4 K
S.I. on Rs.240 at 4% for 5 years = Rs.
FG 240 × 4 × 5 IJ = Rs.48. Ans.(2)
H 100 K
6. S.I. on Rs.64 for 2 years = Rs.19.20.

∴ Rate =
FG 100 × 19.20IJ = 15%.
H 64 × 2 K
S.I. on Rs.86 at 15% for 4 years = Rs. 86 ×
FG 15 IJ
× 4 = Rs.51.60.
H 100 K
∴ Amount = Rs.(86 + 51.60) = Rs.137.60. Ans.(1)
7. S.I. for 4 years = Rs.(1360 – 1040) = Rs.320.

S.I. for 3 years = Rs.


FG 320 × 3IJ = Rs..240.
H 4 K
∴ Sum = Rs.(1040 – 240) = Rs.800. Ans.(2)
8. S.I. for 1 year = Rs.(783 – 702) = Rs.81.
S.I. for 2 years = Rs.162.
Principal = Rs.(702 – 162) = Rs.540.

100 × 162
Now, P = 540, T = 2 and S.I. = 162. So, Rate = = 15%. Ans.(4)
2 × 540

1000 × S. I. 100 × x 100


9. Sum = = = . Ans.(3)
R× T x×x x

10. Amount after 1 year = Rs. 200 +


FG 200 × 5 × 1 IJ
= Rs.210.
H 100 K
Balance after 1 year = Rs.(210 – 100) = Rs.110.

Money to be paid at the end of two years = Rs. 110 +


FG IJ
110 × 5 × 1
H 100 K = Rs.115.50. Ans.(4)

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy