(A) 11%
(B) 18%
(C) 38%
(D) 40%
(E) 35%
Answer: 2: 18%
2) Mannie borrowed some money at the rate of 8% p.A. for the first three years, at the rate of 10% p.A. for the next four years, and at the rate of 12% p.A. for the period beyond seven years. If he pays a total interest of Rs.62,000 at the end of twelve years, how much money did Mannie borrow?
(A) Rs.60000
(B) Rs.30000
(C) Rs.40000
(D) Rs.50000
(E) none of these
Answer: D: .Rs.50000
3) Ram invests Rs.3000 in scheme A which offers simple interest for x years and also he invests Rs.2400 in scheme B which offers simple interest for (x + 1) years. If the ratio of the interest earned from scheme A to B is 6: 5 and the rate of interest of scheme A to B in the ratio of 6: 5, then find the value of x?
(A) 7
(B) 2
(C) 6
(D) 8
(E) 4
Answer: E : 4
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4) Rohan deposited Rs8000 at ____% per annum compound interest while Amit deposited Rs9000 at (___ + 1) % per annum simple interest. The difference between the interests earned by them after 2 years is Rs260.
(A) 10%
(B) 15%
(C) 20%
(D) 12.5%
(E) 25%
Answer: C: 20%
5) Sam has Rs. 7200 and he gives some money to Roman at a 10% per annum on simple interest for 4 years and rest money to Jack at a 12% per annum on simple interest for 3 years. If Sam get Rs. 2752 of interest find the ratio between the principle of Roman and Jack?
(A) 6:5
(B) 5:4
(C) 4:3
(D) 5:7
(E) None of these
Answer: B: 5:4
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6) Ram invests Rs.3000 in scheme A which offers simple interest for x years and also he invests Rs.2400 in scheme B which offers simple interest for (x + 1) years. If the ratio of the interest earned from scheme A to B is 6: 5 and the rate of interest of scheme A to B in the ratio of 6: 5, then find the value of x?
(A) 5
(B) 2
(C) 6
(D) 8
(E) 4
Answer: E: 4
7) A sum of Rs. 24000 is divided into two parts. One part is lent at the simple rate of interest 10% per annum and the other at 12% per annum. After 6 years the total sum received is Rs. 15480. The sum lent at the rate of 12% simple interest is?
(A) Rs 9,000
(B) Rs 12,000
(C) Rs 10,000
(D) Rs 8,000
(E) None of these
Answer: 1: Rs 9,000
8) An amount was lent for two years at the rate of 20% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by ₹241. What was the amount (in ₹) lent?
(A) 10000
(B) 12000
(C) 20000
(D) 24000
(E) 25520
Answer: A: 10000
