Mother's Arithmetic • Simple Interest

Simple Interest [ Part - I ]

1. If the simple interest on ` 400 for 10 years is ` 8% ` 87,750
280, then rate of interest per annum is
` 400 10 ` 280 (A) ` 78,456.34 (B) ` 66,477.2
(C) ` 56,896.98 (D) ` 69,345.6
1 7. A sum of `8,400 amounts to `11,046 at 8.75%
(A) 7% (B) 7 % p.a. simple interest in a certain time. What will
2
be the simple interest (in `) on a sum of `10,800
1 1 at the same rate for the same time?
(C) 7 % (D) 8 %
4 2 `8,400 8.75%
2. The principal which gives ` 1 interest per day `11,046
at a rate of 5% simple interest per annum is: `10,800 (` )
5%
`1 (A) 3,402 (B) 3,204
(A) ` 7,300 (B) ` 3,650 (C) 3,024 (D) 3,420
(C) ` 5,000 (D) ` 36,500 8. In how many years will the simple interest on a sum
3. A certain sum is lent at rate of simple interest 2
5% per annum (365 days) for which he earns ` of money be equal to the principle at rate of 12 %
4
2 per days in form of interest. What is the sum? p.a. ?
5% 365 2
12 %
2 4

(A) ` 1,4000 (B) ` 14,700 (A) 7 years/ (B) 5 years/

(C) ` 14,600 (D) ` 7,300 (C) 8 years/ (D) 6 years/
4. In what time will the S.I. on ` 8000 at a rate of 9. A person deposits ` 8,000 in a bank which pays 8%
3% p.a. will be equal to that on ` 6000 at a rate p.a. simple interest. The amount after 8 years will
of 4% p.a. for 4 years? be :
4% ` 6000 ` 8,000 8%
` 8000 3% 8
(A) ` 12,600 (B) ` 10,784
(A) 5 years / (B) 6 years / (C) ` 13,120 (D) ` 12,545
(C) 3 years / (D) 4 years / 10. ` 2,64,000 is invested for 3 years at 8.25%
5. Three sums x, y, z are in such a manner that y p.a. simple interest. The interest is:
is SI of x and z is SI of y. If time and annual 8.25% 3
rate are same in both conditions, then what is 2,64,000
the relation between x, y, and z?
x, y, z y, x (A) ` 87,120 (B) ` 43,560
z, y (C) ` 21,780 (D) ` 65,340
x, y z 11. At what rate of interest will a sum of ` 4,500 amount
2
(A) z = xy (B) xyz = 1 to ` 6,525 at simple interest for 5 years ?
(C) x2 = yz (D) y2 = zx ` 4,500 5
6. If the present amount is `87,750 with 8% rate ` 6,525
of interest in four years, then what was the (A) 8% (B) 12%
principal amount ? (C) 10% (D) 9%

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 Mother's Arithmetic • Simple Interest
12. The principal on which a simple interest of ` 16. A man invested ` 2400 at 5% simple interest
55 will be obtained after 9 months at the rate and ` 5400 at 9% . After 6 years, what amount
2 (in rupee) will he get from his investments?
of 3 % per annum, is 5% ` 2400 9%
3
` 5400 6
2
3 % 9
3
(A) ` 31,200 (B) ` 83,136
` 55
(A) ` 1000 (B) ` 1500 (C) ` 45,600 (D) ` 11,436
(C) ` 2000 (D) ` 2500 17. A sum of money was invested in a scheme at
13. Anand opened a bank account. He is paid 3% simple interest for a period of T years. The
interest on the average balance but is charged amount received after T years was twice the
a ` 5 monthly charge. Assuming that interest amount invested. How much amount will be
is paid monthly (regardless of the number of received from Scheme A if `5450 is invested
days in the month). Calculate the average bal- for 2T years?
ance you must maintain to offset the ` 5
monthly charge ? A T
3% T
`5 A `5450 2T

(A) `16,290 (B) `15,500

`5 (C) `15,050 (D) `16,350
(A) ` 1000 (B) ` 1500 18. Deepu earns an interest of ` 2880 on a cer-
(C) ` 2000 (D) None tain sum when it is invested for 3 years offer-
14. A money lender claims to lend the money at ing R% simple interest per annum. B earns an
the rate of 10% per annum simple interest. interest of ` 4000 on a certain sum when it is
However, he takes the interest in advance invested for 5 years offering R% simple inter-
when he lends a sum for one year. At what est per annum. Sum invested by Deepu is what
interest rate does he lends the money actu- per cent more than that invested by B?
ally ?
` 2880
10%
R% 3
` 4000
R%
5
1
(A) 10% (B) 11 %
9
(C) 11% (D) 12.5% 2 1
(A) 66 % (B) 33 %
15. The rate of simple interest for the first two years 3 3
is 8% per annum, for the next 4 years, it is (C) 30% (D) 20%
10% percent per annum and for the period
19. A shopkeeper with an overdraft facility at 18
beyond 6 years. It is 12% per annum. If a per-
cent gets ` 18358.60 as simple interest percent with a bank borrowed `15000 on Jan
after 9 years then how much money for (` in) 8, 2011 and returned the money on June 3,
did he invest? 2011 so as to clear the debt. The amount that
8% he paid was
10% 6
12% 9 `
` 18358.60
`
(A) ` 20087 (B) ` 19674 (A) `16080 (B) `16280
(C) ` 19955 (D) ` 19995 (C) `16400 (D) `16380

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 Mother's Arithmetic • Simple Interest
20. Yogendra takes ` 5000 loan for 90 days at 11% .
3
He is able to pay the loan off early, in 65 days. 25. Simple interest on a certain sum becomes of
8
Calculate the money saved by Yogendra?
` 5000 11% 90 1
the principal at the end of 6 years. Find an-
65 4
nual rate of interest?
(A) 37.87 (B) 47.67
1 3
(C) 37.67 (D) None / 6
4 8
21. Arvind invested a sum on 1st January, 2012 at
simple interest rate of 8% per annum in a bank.
He received ` 3144 on 7 August 2012 from (A) 5% (B) 6%
(C) 7% (D) 8%
bank. How much money he invested in bank?
1 8% 26. In what time a sum will double itself at 12%
3,144 7 annual rate of simple interest?
2012 12%

(A) ` 3,080 (B) ` 2,500 (A) 8 Years, 9 months/ 8 9

(C) ` 3,000 (D) ` 3,100 (B) 6 Years, 9 months/ 6 9
22. What is the simple interest on ` 36,000 at 9.5% (C) 8 Years, 4 months/ 8 4
per annum from 5 Jan to 31 May 2013? (D) 7 Years, 6 months/ 7 6
36,000 9.5% 5 31 27. The simple interest on a sum for 5 years is
two- fifth of the sum. The rate of interest per
(A) ` 1,368 (B) ` 1,338 annum is
(C) ` 1,425 (D) ` 1,400 5 2/5
23. If monu takes sum ` 10,000 at 7% for 180
days. If he paid ` 4800 partially paid on 52th (A) 0.1 (B)0.08
day and rest of balance paid on 115th day.Find (C) 0.06 (D) 0.04
the sum of interest paid by monu ?
28. At what percent rate of simple interest will a
` 10,000; 7% 180 sum of money double itself in 15 years?
52 ` 4,800 15
115

1 2 1
(A) ` 162.55 (B) ` 158.73 (A) 6 % (B) 6 % (C) 6 % (D) 6%
3 3 2
(C) ` 162.15 (D) ` 159.99
24. Simple interest of a certain sum for 6 years is 29. In how much time will the simple interest on a cer-

9 6
th of the principal. Find rate of interest? tain sum of money be times of the sum at 20%
25 5
per annum ?
9 20%
6
25
6
5
1 1
(A) 6% (B) 6 % (C) 8% (D) 8 % (A) 5 years/ (B) 8 years/
2 2
(C) 6 years/ (D) 7 years/

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 Mother's Arithmetic • Simple Interest
30. If a sum of money deposited in a bank at 8/25
simple interest is doubled in 6 years, then after
12 years, the amount will be
6 1
12 (A) 8 (B) 6
4
(C) 5 (D) 4
5
(A) times the original amount/ 35. In a special plan, a sum invested at rate of
2
5 simple interest becomes triple in 8 years. How
2 long will it take to make it 4 times?
(B) 3 times the original amount 8
3
7
(C) times the original amount/
2 (A) 11 years 6 months/ 11 6
7
(B) 10 years 8 months / 10 8
2
(D) 4 times the original amount/ (C) 10 years/
4 (D) 12 years/
36. S.I. on a certain sum is equal to the same sum.
41 1 Accordingly what will be the time period, in
31. A sum becomes of itself in years at cer-
40 4 which rate of interest and time is same in
tain rate of simple interest. Find rate percent number?
per annum?
1 41
4 40
1
(A) 8 years/ (B) 8 years/
(A) 10% (B) 1% 2
(C) 2.5 (D) 5% (C) 7 years/ (D) 10 years/

32. In what time a sum become 4 fold at simple 9

37. S.I. on a sum is th of its principal. Accord-
interest rate of 15% per annum? 16
ingly if the annual rate of interest and time
15%
are same in number, then what was the no. of
years for which sum is lent?
(A) 20 years / (B) 30 years / 9
(C) 10 years / (D) 15 years / 16
33. On a certain sum the simple interest for 12.5
years is 3/4 of the sum. Then the rate of in-
terest is— 1 1 1
(A) 5 (B) 6 (C) 7 (D) 7
12.5 2 2 2
3/4 38. If a sum of money at a certain rate of simple
(A) 5% per yr / (B) 6% per yr / interest per year doubles in 5 yr and at a dif-
(C) 7% per yr / (D) 8% per yr / ferent rate of simple interest per year becomes
three of simple interest per year is.
34. The simple interest on a sum of money is 8/ 5
25th of the sum. If the number of years are
numerically half the rate percent per annum,
12
then the rate percent per annum is?

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 Mother's Arithmetic • Simple Interest
(A) 2% (B) 3%
1 1
(C) 3 % (D) 4 %
3 3
39. In how much time would the simple interest
on a principal amount be 0.125 times the prin-
cipal amount at 10% per annum ?
10%
0.125
1 3
(A) 1 yr (B) 1 yr
4 4
1 3
(C) 2 yr (D) 2 yr
4 4
40. A sum of money lent on simple interest tiples
itself in 15 yr and 6 months. In how money
year still it be doubled ?
15 6

(A) 6 yr and 3 months (B) 7 yr and 9 months

(C) 8 yr and 3 months (D) 9 yr and 6 months
41. A sum of money becomes 79/16 times of it-
self in 35 years at r% of SI. What is the value
of r ?
r% 35
79/16 r
(A) 10.5% (B) 11.25%
(C) 10.8% (D) 12.5%
42. The simple interest on a sum of money for 10
year is ` 3130. If the principal becomes 5 times
after 5 years, then what will be the total inter-
est (in `) obtained after 10 years?
10 ` 3130 5
5 10
(` )
(A) 6260 (B) 5650
(C) 7825 (D) 9390

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 Mother's Arithmetic • Simple Interest

Solution
280  100 8400
8.75 t
1. (A) Rate = = 7% 7. (A) 11046–8400 =
400  10 100
 84 × 8.75 t = 2646
2. (A) ATQ,  t = 3.6 years
 5  3.6
  % of x = ` 1 SI = 10800 × 8.75
 365  100
= `3402
365
x=  100 = ` 7300 100
5
8. (C) Time = 50 = 8 years
3. (C) Interest = 2 ` per day
4
Total interest in 365 days = 2 × 365
= `730 164
9. (C) Amount = 8000 × = ` 13,120
Rate = 5% 100
Time = 365 days = 1 years 10. (D) Given,
P = 264000 T = 3 years R = 8.25%
730  100
So, sum = = ` 14600 P R T
5 1 SI =
100
4. (A) Let time = t years
264000 8.25 3
ATQ, =
100
6000  5 4 8000  3  t = ` 65340
=
100 100 11. (D) I = 6525 – 4500 = 2025
 t = 5 years 4500 5 R
2025 =
5. (D) Let time = t and Rate is = r % 100
R = 9%
Accordingly to question–
12. (C) Let P be the principal amount
xrt
y= ...(i) 9
100 Given, SI = ` 55, time(t) = yr
12

y r  t 2 11
z= ...(ii) and rate(r) = 3 %= %
100 3 3
P r t SI 100 55 100
Dividing eq. (i) by eq. (ii)  SI = P = =
100 r t 11 9
y x ×3×12
= = 5 × 100 × 4 = 2000
z y
 Principal (P) = ` 2000
 y2 = xz
13. (C)
6. (B) ATQ
P 4 8
P+ = 87750 P R T
100
(?) (3%) (1/12)
132P
= 87750
100
P = 66477.2

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 Mother's Arithmetic • Simple Interest

I 100 5 100 96000

P=
RT 1 = ` 2000 P1 = `
R
3
12
Case II :
14. (B) P.A. Interest
100  10 4000 100
P2 =
R 5

80000
10 1 P2 = `
90  100 = 11 % R
90 9
 Required per cent
15. (C) 2 year SI% = 16%
4 year SI% = 40% 96000 – 80000
3 year SI% = 36% = R × 100
80000
92%  18358.60
R
18358.60
P= × 100
92 16000
= × 100 = 20%
P = 199.55 × 100 = 19955 80000

2400 5 6 5400 9 6 19. (A) Time = (23+28+31+30+31+3) days

16. (D) SI = +
100 100 2
= 146 days = years.
= 720 + 2916 5
Total SI = 3636
Total amount = 3636 + 7800 2 1
 S.I. = ` 15000 18 `1080.
= 11436 5 100
A = 15000 + 1080 = `16080
17. (D) Let ,
Rate = R 11 90
20. (C) Interest for 90 days = 5000 × ×
Time = T years 100 365
Interest = `P = ` 135.62
100 11 65
R= Interest for 65 days = 5000 × ×
T 100 365
second case = ` 97.95
T = 2T  Yogendra saved = 135.62 – 97.25
= ` 37.67
P = `5450
21. (C) Let principal = x
P R T 5450 2T 100
Interest = = 30  29  31  30  31  30  31  7
100 T 100 Time =
366
= `10900
= Amount = `10900 + `5450 = `16,350 219
= yr
366
18. (D) Case I :
Rate = 8%
Interest 100 ATQ,
P=
Time Rate x  8 219
3144 – x =
366  100
2880 100
P1 =  x = ` 3000
3 R

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 Mother's Arithmetic • Simple Interest

36000  9.5  146 6P P 20 T

22. (A) Interest = = ` 1368 =
365  100 5 100
T = 6 years
23. (A) Day 52
30. (B) 100 6 yrs 6 yrs
PRT 7 52 200 300
I= = 10,000 × × = ` 99.73 S.I. = 100 S.I. = 100
100 100 365
Balance = 10,000 – 4,800
3 Times
= ` 5,200
Day 115 31. (A) Let principal = p
PRT 7 63 41
I= = 5200 × × = ` 62.82 amount = p
100 100 365 40
Total interest paid = ` 99.73 + ` 62.82 = ` 162.55 p
Interest =
24. (A) Let principal = 25; T = 6 years; Interest = 9 40
9  100 1
 R= = 6% time = year
25 6 4
p
3  100  4 100
25. (B) R= = 6% 40
8  25 So, Rate = 1 = 10%
p
4
26. (C) Principal = 100 (Let); Amount = 200; rate = 12%
Simple Interest = 100
(4P  P)100
100  100 25 1 32. (A) Time = = 20 years
Time = = =8 P 15
100  12 3 3
means 8 years 4 months 33. (B) P.A. : Interest
4 : 3
27. (B) According to question
2 P r 5 3 100 3
P R= 100 = 6%
5 100 25 50
4
2
200
r= 8
25 p r T
34. (A) Simple interest = = P
8 100 25
r = 8% = = 0.08
100 prr 8
  p
100  2 25
28. (B) Pricncipal Amount
100 200 r = 8%
35. (D) Money becomes 3 times in 8 yrs.
S.I.= 100 Let principal = P; Amount (A) = 3P; Interest =
Time = 15 yrs. 2P
2P  100
S.I.  100 100 100 2 So, R =
Rate = = =6 % 8 P
PT 100 15 3
 R = 25%
6 3P  100
29. (C) SI = P When money becomes 4P  T = = 12
5 P  25
R = 20% Years
PRT 2nd Method
SI =
100 4 yr
P  4 yr
 2P  4 yr
 3P   4P
Required time (T) = 12 yers

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