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Formulae :
Facts:
A)Principal :
The money borrowed or lent out for a certain period is called the principal
or the sum.
B)Interest:
Extra money paid for using others money is called interest.
C)Simple Interest:
If interest on a some borrowed for a certain period is calculated uniformly,
then it is called simple interest.
Formulae:
Let Principal = P , Rate = R% per year or annum(p.a.) and Time = T
years. Then ,
a.SI = (P x R x T) / 100
b.P = (100 x SI )/ (R x T)
c.R = (100 x SI )/ (P x T)
d.T = (100 x SI )/ (P x R)
3) 25 %
2) 20 %
4) 89 %
Solution :
Let sum = x. Then, S.I. = 3x
Rate = [100 * S.I. / P*T]
= [100 * 3x / x * 15]% = 20%.
PadhleBeta.net - Aptitude - Simple Interest
2) Simple interest on a certain sum at a certain annual rate of interest is
1/9 of the sum. If the numbers representing rate percent and time in
years be equal, then the rate of interest is:
1) 2 2/3 %
3) 4 4/3 %
2) 3 1/3 %
4) 8 %
Solution :
Let sum = x. Then, S.I. = x/9
1) 10 %
3) 5 %
2) 9 %
4) 4 %
Solution :
Let sum = x. Then, S.I. = 2x/5, Time = 10 years.
Rate = [100 * 2x / x*5*10]% = 4%.
PadhleBeta.net - Aptitude - Simple Interest
4) Simple interest on a certain amount is 9/16 of the principal. If the
numbers representing the rate of interest in percent and time in years be
equal, then time, for which the principal is lent out, is :
1) 8 years
3) 7 1/3 years
2) 8 1/2 years
4) 7 1/2 years
Solution :
Let sum = x. Then, S.I. = 9/16 x.
Let rate = R% and time = R years.
[x * R * R / 100] = 9x / 16 R2 = 900/16
R = 30/4 = 7 1/2
Hence, time = 7 1/2 years.
PadhleBeta.net - Aptitude - Simple Interest
5) How long will it take a sum of money invested at 5% p.a. S.I. to
increase its value by 40% ?
1) 8 years
3) 9 years
2) 8 1/2 years
4) 7 1/2 years
Solution :
Let the sum be x. Then, S.I. = 40% of x = 2x/5; Rate = 5%.
Time = [100 * 2x/5 * 1/x*5] = 8 years.
PadhleBeta.net - Aptitude - Simple Interest
6) A sum fetched total simple interest of Rs. 4016.25 at the rate of 9
p.c.p.a. in 5 years. What is the sum?
1) Rs. 4525
3) Rs. 8925
2) Rs. 9985
4) Rs. 7925
Solution :
Principal = Rs. [100 * 4016.25 / 9 * 5]
= Rs. [401625 / 45] = Rs. 8925.
PadhleBeta.net - Aptitude - Simple Interest
7) The simple interest at x% for x years will be Rs. x on sum of:
1) Rs. x
3) Rs. [100/x]
2) Rs. [x/100]
4) Rs. 100 x
Solution :
Sum = [100 * S.I. / R * T] = Rs. [100 * x / x * x] = Rs. [100/x].
PadhleBeta.net - Aptitude - Simple Interest
8) A sum of money at simple interest amounts to Rs. 815 in 3 years and
to Rs. 854 in 4 years. The sum is:
1) 698
3) 800
2) 898
4) 750
Solution :
S.I. for 1 year = Rs. (854 - 815) = Rs. 39.
S.I. for 3 years = Rs. (39 * 3) = Rs. 117.
Principal = Rs. (815 - 117) = Rs. 698.
PadhleBeta.net - Aptitude - Simple Interest
9) In how many years will a sum of money double itself at 10% per
annul?
1) 4 years
3) 4 years 8 months
2) 8 years
4) 8 years 4 months
Solution :
Let sum = x. Then, S.I. = x
Time = [100 * S.I. / P*R] = [100 * x / x * 12] years
= 8 1/3 years = 8 years 4 months.
PadhleBeta.net - Aptitude - Simple Interest
10) The simple interest on Rs. 10 for 4 months at the rate of 3 paise per
rupee per month is :
1) Rs. 1.40
3) Rs. 2.25
2) Rs. 1.20
4) Rs. 1.10
Solution :
S.I. = Rs. [10 * 3/100 * 4]
= Rs. 1.20