Quiz 1 Welcome to your Quiz 1 Please enter your email Question no. 1A sum of money at simple interest amounts to Rs. 915 in 3 years and to Rs. 954 in 4 years. The sum is: Rs. 650 Rs. 790 Rs. 798 Rs. 700 Question no. 2Mr. Thomas invested an amount of Rs. 15,000 divided in two different schemes A and B at the simple interest rate of 10% p.a. and 15% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 5000 , what was the amount invested in Scheme B? Rs. 10000 Rs. 9500 Rs. 7200 Rs. 7500 None of these Question no. 3A sum fetched a total simple interest of Rs. 1234 at the rate of 6 p.c.p.a. in 7 years. What is the sum? Rs. 4462.50 Rs. 8032.50 Rs. 8900 Rs. 2938 None of these Question no. 4How much time will it take for an amount of Rs. 450 to yield Rs. 162 as interest at 4.5% per annum of simple interest? 4.5 years 8 years 7.5 years 5 years Question no. 5Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 1728 as interest at the end of the loan period, what was the rate of interest? 13.6 12 18 Cannot be determined None of these Question no. 6A sum of Rs. 16,500 amounts to Rs. 20,500 in 6 years at the rate of simple interest. What is the rate of interest? 3% 4% 5% 6% None of these Question no. 7An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 20%, the effective rate of interest becomes: 20% 21% 20.5% None of these Question no. 8A lent Rs. 6000 to B for 3 years and Rs. 12000 to C for 6 years on simple interest at the same rate of interest and received Rs. 8000 in all from both of them as interest. The rate of interest per annum is: 5% 7% 7.8% 8.8% Question no. 9A sum of Rs. 625 is lent in the beginning of a year at a certain rate of interest. After 6 months, a sum of Rs. 365 more is lent but at the rate twice the former. At the end of the year, Rs. 39 is earned as interest from both the loans. What was the original rate of interest? 3.6% 4.5% 5% 6% None of these Question no. 10A man took loan from a bank at the rate of 10% p.a. simple interest. After 2 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was: Rs. 25,000 Rs. 10,000 Rs. 27,000 Rs. 20,000 Time is Up!