# Simple Interest Questions

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1. A sum of ₹400 amounts to ₹480 in 4 years. If the rate of interest is increased by 2% what will it amount to?
1. ₹ 560
2. None of These
3. ₹ 484
4. ₹ 512

### Answer is c

2. A man loses ₹55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is

1. 7400
2. 11100
3. 3700
4. 8325

### Answer is c

3. If the annual rate of simple interest increases from 10% to 12%, a man’s yearly income increases by ₹1250. His principle (in rupees) is

1. 45000
2. 65000
3. 50000
4. 60000

### Answer is c

4. The effective annual rate of interest corresponding to a nominal rate of 13% per annum payable half-yearly is

1. 26.85 percent
2. 13.42 percent
3. 26 percent
4. 13 percent

### Answer is b

5. Rohan borrowed a certain sum of money at simple interest. When the rate of interest was 3% per annum for first three years, 4% per annum for next five years and 6% per annum for next seven years and If he paid Rs.2059 as interest, then what is the sum borrowed (in Rs.)?

1. 2500
2. 3100
3. 2400
4. 2900

### Answer is d

Read More: Simple Interest Concepts