Simple Interest

Important Points/Facts 7. When the time is given in Q. 2. What is the rate of simple
months and days, 12 months are interest at which a sum of money
1. If any person borrowed some
reckoned to a year and 30 days to the doubles itself in 5 years ?
money from the other for a fixed
month. But when the time is given in Solution : Let Rs. P doubles in 5
period, then he has to pay some extra
days or in years and days, 365 days years at the rate of simple interest r%
money to him for the use of money
are reckoned to a year. per annum.
lent. This extra money paid for using
other’s money is called interest. 8. If a sum of money is deposited P× r×5
for n months in a recurring deposit, ∴ P×2 = P+
Interest is the money paid by the 100
then 100 + r × 5
borrower to the lender for the use of
money lent. The money borrowed is Time =
n (n + 1)
months
⇒P×2 = P ( 100 )
called Principal or Sum. 2 100 + r × 5
2. The sum of the principal and n (n + 1) ⇒ 2 =
100
interest is called the amount. = year
2 × 12 ⇒ r × 5 = 200 – 100
∴ Amount = Principal + Interest 100
or Interest = Amount – Principal
Examples ∴ r = = 20%
5
Q. 1. A sum of money doubles
3. Interest is usually calculated at itself in 20 years. In how many Short Method
the rate of so many rupees for every years will it become four times ? (n – 1) × 100
Rs. 100 of the money lent for a year. Required rate =
This is called the rate per cent per Solution : Let Rs. P become 2 t
annum. times in 20 years at the rate of r% per (2 – 1) × 100
annum and will become 4 times in T =
‘‘Per annum’’ means for a year. 5
years.
The words per annum are sometimes = 20%
omitted. Thus 6 P.C. means Rs. 6 is P × r × 20
˙·˙ 2 × P = P + …(i) Q. 3. A deposits a sum of
interest on Rs. 100 in one year. 100
money in a Bank, who pay 10%
4. The interest is usually paid P× r×T
and4 × P = P + …(ii) simple interest. At the end of 5
yearly, half yearly or quarterly as 100 years, he receives Rs. 30000, then
agreed upon between money lender r × 20
and the borrower. 2×P = P 1+ ( 100 ) what sum he had deposited in the
Bank ?
5. If the interest on a certain sum Solution : Let that sum of money
100 + r × 20
for a certain period is reckoned ⇒ 2 = be Rs. P
uniformly. It is called simple interest, 100
P × 10 × 5
abbreviated as S.I. when interest is ⇒ r × 20 = 200 – 100 ˙·˙ S.I. =
100
calculated on the original principal 100
for any length of time. It is called ⇒ r = = 5% 50P
20 =
Simple interest. 100
Substituting the value of r in From the question,
This may be remembered in the equation (ii)
symbolic form— 50P
P (100 + 5 × T ) ˙·˙ 30000 = P +
⇒ 100
P× t×r 4P =
100
S.I. =
100
where, P = Principal, 4 =
100 + 5 × T ⇒ 30000 = P 1 + ( 50
100 )
100 30000 × 100
t = Number of years ⇒ P =
5 × T = 400 – 100 150
r = Rate% per annum. = 300 = Rs. 20000
6. When simple interest is to be 300 ∴ Amount deposited in Bank
T = = 60 years
calculated between the two dates, the 5 = Rs. 20000
day/date on which the money is paid Hence, Required time = 60 years
back should be included but not the Short Method
day on which it is borrowed, i.e., in Short Method 100A
Required sum =
counting, the first day is omitted. (n – 1)t 100 + r × t
Required time =
Example : To reckon the period m–1 100 × 30000
=
between 20th April to 20th Sep- (4 – 1) × 20 100 + 10 × 5
tember, the 20th April shall be =
(2 – 1) 100 × 30000
omitted and the required time will be =
= 3 × 20 150
counted from 21st April to 20th
= 60 years = Rs. 20000
September.
 Q. 4. A man lent a sum of Short Method P × 5·5 × 1 P × 5 × 1
= –
money at the rate of simple interest 100 100
4%. If the interest for 8 years is D × 100
Required sum = P (5·5 – 5)
Rs. 340 less than the principal, then r×t =
100
what was the principal ? 120 × 100
= P × 0·5
Solution : Let the principal be 4×3 =
Rs. P 100
= Rs. 1000
P × 4 × 8 32P 676·5 × 100 × 0·5
S.I. = = Q. 6. At a certain rate of simple =
100 100 5·5 × 1 × 100
interest Rs. 800 amounted to
676 × 100
From the question,
32P
Rs. 920 in 3 years. If the rate of
interest be increased by 3%. What
[˙.˙ P =
5·5 × 1 ]
˙·˙ P– = 340 will be the amount after 3 years ? = 61·5
100
68P Solution : Let the original rate of Hence, Required sum = Rs. 61·5
⇒ = 340 interest is R%.
100 Short Method
800 × 3 × R
340 × 100 ˙·˙ 920 = 800 + Required sum
⇒ P = 100
68 R×r
800 × 3 × R = ×1
= 500 ⇒ 120 = R
100
Hence Principal = Rs. 500 5·5 – 5
120 × 100 = × 676·5
Short Method ∴ R = = 5% 5·5
800 × 3
0·5 × 676·5
100 × d At the rate of interest increased =
Principal = 5·5
100 – r × t by 3%. = Rs. 61·5
100 × 340 New rate = (5 + 3)% = 8%
= Q. 8. A sum of Rs. 810 is
100 – 4 × 8 800 × 8 × 3
∴ Interest = divided in two parts in such a way
100 × 340 100
= that the interest on first part at 4%
68 = Rs. 192 for 3 years is equal to that on
= Rs. 500 ∴ Amount = 800 + 192 second part at 5% for 3 years. Find
= 992 the two parts of sum.
Q. 5. A sum was put at S.I. at a
∴ Hence, Required amount Solution : Let the first part of
certain rate for 3 years. Had it been
the sum be Rs. x
put at 4% higher rate of interest, it = Rs. 992
would have fetched Rs. 120 more. ∴Second part of sum
Short Method
Find the sum. = Rs. (810 – x)
∴ Required amount
Solution : Let the required sum ∴Interest on the first part
be Rs. P and original rate is R%. P× t×r x×4×3
= A± =
100
∴ New rate of interest 100
800 × 3 × 3
= (R + 4)% = 920 + and interest on the second part
100
From the question, (810 – x) × 5 × 3
= 920 + 72 =
P × (R + 4) × 3 P × R × 3 100
˙·˙ – = Rs. 992
100 100 From the question,
Q. 7. The amount of interest for x×4×3
= 120 ˙·˙
a certain sum at 5·5% annual rate 100
P×R×3 P×4×3 of interest for one year is Rs. 676·5.
⇒ + (810 – x) × 5 × 3
100 100 How much the interest will be less =
P×R×3 on the same sum at 5% annual rate 100
– = 120 of interest for one year ?
100 ⇒ 4x = (810 – x) × 5
Solution : Let the certain sum be
P×4×3 ⇒ 4x = 4050 – 5x
⇒ = 120 Rs. P
100 ⇒ 9x = 4050
P × 5·5 × 1
120 × 100 ˙·˙ 676·5 =
⇒ P = 100 4050
4×3 ∴ x = = Rs. 450
P×5×1 9
∴ P = Rs. 1000 and second interest =
100 ∴Second part
Hence, Required sum ∴ Required sum = 810 – 450
= Rs. 1000 = 676·5 – Second interest = Rs. 360
 Exercise 08. If the amount of Rs. 360 in 3 received altogether from both
years is Rs. 511·20. What will be Rs. 90 as simple interest. The
01. The simple interest on a certain
the amount of Rs. 700 in 5 rate of interest is—
sum for 3 years at 14% per
annum is Rs. 235·20. The sum years ? (A) 4% (B) 5%
is— (A) Rs. 1190 (B) Rs. 1230 (C) 10% (D) 12%
(A) Rs. 480 (B) Rs. 560 (C) Rs. 1060 (D) Rs. 1225 16. At the certain rate of simple
(C) Rs. 650 (D) Rs. 720 09. A sum of Rs. 2600 is lent out in interest, a certain sum doubles
02. A sum of money amounts to two part in such a way that the itself in 10 years. It will treble
Rs. 702 in 2 years and Rs. 783 in interest on one part at 10% for 5 itself in—
3 years. The rate per cent is— years is equal to that on another (A) 15 years (B) 20 years
(A) 12% per annum part at 9% for 6 years. The sum (C) 30 years (D) 12 years
(B) 13% per annum lent out at 10% is—
17. A sum of money at simple
(C) 14% per annum (A) Rs. 1150 (B) Rs. 1250
interest amounts to Rs. 2240 in 2
(D) 15% per annum (C) Rs. 1350 (D) Rs. 1450 years and Rs. 2600 in 5 years.
03. If Rs. 64 amount to Rs. 83·20 in 2 10. Simple interest on a certain sum The sum is—
years. What will Rs. 86 amount 9 (A) Rs. 1880
at a certain rate is of the sum.
to in 4 years at the same rate per 16 (B) Rs. 2000
cent per annum ? If the number representing rate (C) Rs. 2120
(A) Rs. 137·60 per cent and time in years be
(D) Data inadequate
(B) Rs. 124·70 equal, then the time is—
1 1 18. Rs. 800 amounts to Rs. 920 in 3
(C) Rs. 114·80 (A) 5 years (B) 6 years
2 2 years at simple interest. If the
(D) Rs. 127·40 interest rate is increased by 3%.
1 1
04. A sum of money amounts to (C) 6 years (D) 7 years It would amount to how much ?
4 2
Rs. 850 in 3 years and Rs. 925 in (A) Rs. 1056 (B) Rs. 1112
4 years. The sum is— 11. A sum of Rs. 2540 is lent out into (C) Rs. 1182 (D) Rs. 992
(A) Rs. 600 two parts. One at 12% and
1 19. The simple interest on a sum of
(B) Rs. 575 another one at 12 %. If the total money at 8% per annum for 6
2
(C) Rs. 625 years is half the sum. The sum
annual income is Rs. 311·60, the
(D) Data inadequate money lent at 12% is— is—
05. The simple interest on a sum of (A) Rs. 1180 (B) Rs. 1360 (A) Rs. 4800
1 (C) Rs. 1240 (D) Rs. 1340 (B) Rs. 6000
money is of the principal and
9 (C) Rs. 8000
1
the number of years is equal to 12. A man invested of his capital (D) Data inadequate
the rate per cent per annum. The 3
rate per cent per annum is— 1 20. If the interest on Rs. 1200 be
at 7%, at 8% and remainder at
4 more than the interest on
1
(A) 3 (B) 10%. If his annual income is Rs. 1000 by Rs. 50 in 3 years,
3 the rate per cent is—
Rs. 561, the capital is—
1 3 1 2
(C) 3 (D) (A) Rs. 5400 (B) Rs. 6000
3 10 (A) 10 % (B) 6 %
(C) Rs. 6600 (D) Rs. 7200 3 3
06. A moneylender finds that due to 1 2
13. A certain sum of money at simple (C) 8 % (D) 9 %
a fall in the rate of interest from 3 3
interest amounts to Rs. 1260 in 2
1
13% to 12 % his yearly income years and to Rs. 1350 in 5 years. 21. The simple interest on a sum of
2 The rate per cent per annum is— money will be Rs. 600 after 10
diminishes by Rs. 104. His capi-
(A) 2·5% (B) 3·75% years. If the principal is trebled
tal is—
(C) 5% (D) 7·5% after 5 years, what will be the
(A) Rs. 21400 total interest at the end of the
(B) Rs. 20800 14. A sum of money put at simple tenth year ?
(C) Rs. 22300 interest trebles itself in 15 years. (A) Rs. 600
(D) Rs. 24000 The rate per cent per annum is— (B) Rs. 900
1 2 (C) Rs. 1200
07. A sum of money will double itself (A) 13 % (B) 16 %
in 16 years at simple interest with 3 3 (D) Data inadequate
yearly rate of— 2
(C) 12 % (D) 20% 22. A man lends Rs. 10000 in four
1 3
(A) 10% (B) 6 % parts. If he gets 8% on Rs. 2000,
4 15. A lent Rs. 600 to B for 2 years 1 1
(C) 8% (D) 16% 7 % on Rs. 4000 and 8 % on
and Rs. 150 to C for 4 years and 2 2
 Rs. 1400. What per cent must he 29. At simple interest, a sum doubles Rs. 1211. Find the rates of inte-
get for the remainder if the after 20 years. The rate of interest rest—
average interest is 8·13% ? per annum is— 1 1
(A) 3 %, 4 %
(A) 7% (B) 9% (A) 5% 2 2
1 1 (B) 10% 1 1
(C) 9 % (D) 10 % (B) 2 %, 3 %
4 2 (C) 12% 2 2
(D) Data inadequate 1 1
23. In how many years will a sum of (C) 4 %, 5 %
money double itself at 12% per 2 2
30. What annual payment will dis-
annum ? charge a debt of Rs. 580 due in 5 (D) None of these
(A) 6 years 9 months years, the rate being 8% per 36. If Rs. 5600 amount to Rs. 6678
annum ? 1
(B) 8 years 4 months in 3 years. What will Rs. 9400
(A) Rs. 166·40 2
(C) 7 years 6 months
(B) Rs. 65·60 1
(D) 8 years 6 months amount to in 5 years at the
4
(C) Rs. 100
same rate per cent per annum
24. A sum was put at simple interest (D) Rs. 120 simple interest ?
at a certain rate for 2 years. Had
it been put at 1% higher rate, it 31. A certain sum of money at simple (A) Rs. 9400
would have fetched Rs. 24 more. interest amounts to Rs. 1012 in (B) Rs. 12114·25
The sum is— 1
2 years and to Rs. 1067·20 in 4 (C) Rs. 12115
2
(A) Rs. 600 (B) Rs. 800 (D) None of these
years. The rate of interest per
(C) Rs. 1200 (D) Rs. 480 annum is— 37. The simple interest on a sum of
25. The simple interest at x% for x (A) 2·5% (B) 3% money will be Rs. 600 after 10
years will be Rs. x on a sum of— (C) 4% (D) 5% years. If the principal is trebled
after 5 years the total interest at
(A) Rs. x 32. Two equal amounts of money are the end of 10 years will be—
(B) Rs. 100x deposited in two banks, each at (A) Rs. 600
1
(C) Rs. ( )100
x
15% per annum for 3 years and
2
5 years. If the difference between
(B) Rs. 900
(C) Rs. 1200
(D) Rs. (
x )
100 their interests is Rs. 144, each (D) Data inadequate
2
sum is—
38. Ashok took a loan of Rs. 15000
26. A sum of money becomes (8/5) (A) Rs. 460 (B) Rs. 500 for 3 years at simple interest. If
of itself in 5 years at a certain (C) Rs. 640 (D) Rs. 720 the total interest paid is Rs. 2700.
rate of interest. The rate per cent What is the rate of interest per
33. If x is the simple interest on y and
per annum is— annum ?
y is the simple interest on z, the
(A) 5% (B) 8% (A) 18 (B) 5·4
rate % and the time being the
(C) 10% (D) 12% same in both cases, what is the (C) 9 (D) 6
27. The rate of interest on a sum of relation between x, y and z ?
39. Pratap borrowed some money
money is 4% per annum for the (A) x2 = yz (B) y2 = xz from Arun at simple interest. The
first 2 years, 6% per annum for (C) z2 = xy (D) xyz = 1 rate of interest for the first 3
the next 4 years and 8% per years was 12% for the next 5
annum for the period beyond 6 34. If the rate of interest rises from years was 16% and beyond this
years. If the simple interest 1 it was 20%. If the simple interest
6 to 8% a man’s annual income
accrued by the sum for a total 2 for 11 years was more than the
period of 9 years is Rs. 1120. increases by Rs. 4050. Find the money borrowed by Rs. 6080.
What is the sum ? capital. What was the money borrowed ?
(A) Rs. 1500 (B) Rs. 2000 (A) Rs. 270000 (A) Rs. 7550 (B) Rs. 8500
(C) Rs. 2500 (D) Rs. 4000 (B) Rs. 370000 (C) Rs. 8000 (D) Rs. 9000
28. The difference between the inte- (C) Rs. 300000 40. Yogesh borrowed Rs. 12000 at
rests received from two different (D) None of these simple interest for 5 years. If he
banks on Rs. 500 for 2 years is paid Rs. 3600 as simple interest
35. A man derives his income from
Rs. 2·50. The difference between after 5 years. What is the rate of
the investment of Rs. 4150 at a
their rates is— interest per cent per annum ?
certain rate of interest and
(A) 1% (B) 0·5% Rs. 3500 at 1 per cent higher. (A) 5 (B) 8
(C) 2·5% (D) 0·25% This whole income for 4 years is (C) 10 (D) 6
41. The rate of interest for the first 2 loan. What was the rate of inte- all after 5 years. What did he
years is 5% for the next 3 years rest ? borrow ?
is 8% and beyond this. It is 10% (A) 6 (A) Rs. 4600
per annum. If the simple interest (B) 8 (B) Rs. 4000
for 8 years is Rs. 1280. What is (C) 5 (C) Rs. 5000
the principal ?
(D) None of these (D) None of these
(A) Rs. 2500
44. Anil borrowed some money at 46. Prabhat borrowed some money
(B) Rs. 2000
simple interest. The rate of from a bank at 8% p.a. simple
(C) Rs. 3200 interest and lended it to Ashish
interest for the first 3 years was
(D) Rs. 2440 5% for the next 2 years was 8% at 12% p.a. simple interest. If his
42. If a sum of money double itself and for the next 4 years it was profit in 2 years is Rs. 320. What
in 20 years. What is the rate of 10%. Beyond this it was 12% per sum of money did he borrow ?
simple interest per cent per year ? annum. If he paid Rs. 8560, as (A) Rs. 2000 (B) Rs. 4000
(A) 4% (B) 8% interest for 12 years. How much (C) Rs. 6000 (D) Rs. 3000
money did he borrow ?
(C) 5% (D) 10% 47. Rs. 4200 amounts to Rs. 5712 in
(A) Rs. 8000 (B) Rs. 6000 4 years.If the rate of interest is
43. Mr. Patel borrowed Rs. 8000 (C) Rs. 5000 (D) Rs. 7000 increased by 3%. What will be
from Mr. Chobey at simple
interest. After 2 years he paid 45. Dayanand borrowed some money the amount ?
Rs. 800 more than what be at simple interest at 16% per (A) Rs. 6372 (B) Rs. 4000
borrowed and thus cleared the annum. He repaid Rs. 10080 in (C) Rs. 6216 (D) Rs. 3000

Answers with Hints

100 × 235·20 06. (B) Let capital = Rs. x
01. (B) Required sum = Rs. = Rs. 560
3 × 14 x × 13 × 1
02. (D) S.I. for 1 year = Rs. (783 – 702) = Rs. 81 Then, ( 100 ) ( – x×
25 1
×
2 100 ) = 104
S.I. for 2 years = Rs. (81 × 2) = Rs. 162 13x x
⇒ – = 104
∴ Sum = Rs. (702 – 162) = Rs. 540 100 8
100 × 162 ⇒ 26x – 25x = (104 × 200)
∴ Required rate = ( 540 × 2 ) % = 15%
⇒ x = 20800
03. (A) S.I. on Rs. 64 for 2 years = Rs. 19·20 ∴ Capital = Rs. 20800
100 × 19·20
∴ Rate = ( 64 × 2 ) 07. (B) Let principal = Rs. P then S.I. = Rs. P
Then, Rate =
100 × P 100
= =6 %
1
= 15% P × 16 16 4
86 × 4 × 15 08. (A) S.I. for 3 years = Rs. (511·20 – 360)
∴ S.I. on Rs. 86 for 4 years = Rs. ( 100 ) = Rs. 151·20
= Rs. 51·60 100 × 151·20
∴ Rate = = 14%
360 × 3
∴ Amount of Rs. 86 = Rs. (86 + 51·60)
∴ S.I. on Rs. 700 for 5 years
= Rs. 137·60
700 × 5 × 14
04. (C) S.I. for 1 year = Rs. (925 – 850) = Rs. 75
S.I. for 3 years = Rs. (75 × 3) = Rs. 225
= Rs.( 100 )
= Rs. 490
∴ Sum = Rs. (850 – 225) = Rs. 625
∴ Required amount = Rs. (700 + 490) = Rs. 1190
05. (C) Let principal = Rs. P
09. (C) Let the money at 10% be Rs. x. Then the money
P
Then S.I. = at 9% is Rs. (2600 – x)
9
x × 10 × 5 (2600 – x) × 9 × 6
Let Rate = R% per annum ∴ =
100 100
and time = R years
or 104x = 2600 × 54
P P×R×R
Then, = 2600 × 54
9 100 or x = = Rs. 1350
104
100
⇒ R2 = 9
9 10. (D) Let principal = P, then S.I. = P.
16
10 1
∴ R = = 3 % per annum Let rate = R% per annum and Time = R years
3 3
 9 P×R×R 18. (D) Principal = Rs. 800
Then, P =
16 100 S.I. = Rs. (920 – 800) = Rs. 120
900 and Time = 3 years
⇒ R2 =
16 100 × 120
∴ Original rate = = 5%
30 1 800 × 3
∴ R= = 7 years
4 2 New rate = 8%
11. (A) Let money lent at 12% = Rs. x 800 × 8 × 3
Then,
1
money lent at 12 % = Rs. (2540 – x)
Now, S.I. = Rs. ( 100 ) = Rs. 192
2 ∴ Amount = Rs. (800 + 192) = Rs. 992
x × 12 × 1 25 1 19. (D) Let, Sum = P
˙·˙ + (2540 – x) × × = 311·60
100 2 100 1
Then, S.I. = P
3x 2540 – x 2
⇒ + = 311·60
25 8 Rate = 8%
⇒ 24x + 25(2540 – x) = 200 × 311·60 and Time = 6 years
∴ x = 63500 – 62320 P P×8×6
But = (Not possible)
= 1180 2 100
12. (C) Let the capital be Rs. x, then Thus, data is inadequate.
20. (C) Let rate = x% per annum. Then,
x
×
7
+ ×
3 100 4 100
x 8
[ ( )]
+ x–
x x
+
3 4
×
10
100
= 561
1200 × x × 3 1000 × x × 3
– = 50
7x x x 100 100
⇒ + + = 561
300 50 24 ⇒ 6x = 50
⇒ 42x + 36x + 75x = 1009800 1
⇒ x = 8
1009800 3
∴ x = = 6600
153 1
∴ Rate = 8 % per annum
13. (A) S.I. for 3 years = Rs. (1350 – 1260) = Rs. 90 3
S.I. for 2 years = Rs. ( )
90
3
× 2 = Rs. 60 21. (B) Let, sum = Rs. x. Then, S.I. = Rs. 600, Time
= 10 years.
∴ Sum = Rs. (1260 – 60) = Rs. 1200 100 × 600
∴ Rate =
100 × 60
= 2·5%
∴ Rate = ( )x × 10
1200 × 2
14. (A) Let principal = P. = ( )6000
x % per annum
Then S.I. = 2P S.I. on Rs. x for 1st five years
Also Time = 15 years
∴ Required rate =
100 × 2P 200
P × 15
=
15
( 6000
= Rs. x × x × 5 ×
1
100 ) = Rs. 300
1 S.I. on Rs. 3x for next 5 years
= 13 % per annum
15. (B) Let rate = x% per annum.
3
( 6000
= Rs. 3x × x × 5 ×
1
100 )
600 × x × 2 150 × x × 4 = Rs. 900
Then + = 90
2000 × 8 × 1
⇒
100 100
18x = 90
22. (B) ˙·˙
100 ( 15 1
+ 4000 × ×
2 100 )
∴ 2600 × x × 1
16.
x = 5%
(B) Let principal = P. Then, S. I. = P. and Time (
+ 1400 × ×
17 1
2 100 ) (
+
100 )
= 10 years 10000 × 8·13 × 1
∴ Required time =
(n – 1) × t = ( 100 )
(m – 1) ⇒ 160 + 300 + 119 + 26x = 813
(3 – 1) × 10
= ⇒ 26x = 234
(2 – 1)
= 20 years ⇒ x = 9%
17. (B) S.I. for 3 years = Rs. (2600 – 2240) = Rs. 360 23. (B) Let principal = Rs. P. Then, S.I. = Rs. P,
S.I. for 2 years = Rs. ( 360
) × 2 = Rs. 240
Rate = 12%
100 × P
∴
3
Required sum = Rs. (2240 – 240) = Rs. 2000
Time = (P × 12 ) years
 25 32. (C) Let each sum be Rs. P. Then,
= years
3 P × 15 × 5 P × 15 × 7
˙·˙ – = 144
= 8 years 4 months 100 100 × 2
24. (C) Let sum = Rs. x 3 21
⇒ P – P = 144
and original rate = y% per annum 4 40
x × (y + 1) × 2 x × y × 2 9P
Then, – = 24 ⇒ = 144
100 100 40
⇒ x = 1200 144 × 40
∴ P = = Rs. 640
9
⎛ 100 × x⎞
25. (C) Sum =
⎝ ⎠ ( )
100
⎜ x × x ⎟ = Rs. x 33. (B) ˙·˙ x =
y×r×t
100
26. (D) Let sum = Rs. x z×r×t
⇒ y =
Then amount = Rs. (8x5 ) ⇒
x y
100

y = z
S.I. = Rs. ( – x) = Rs. ( )
8x 3x
∴
5 5 ∴ y2 = xz
⎛ 3x⎞ 34. (A) Due to the rise in the rate of interest, annual
⎜ 100 × 5 ⎟
∴ Required rate = ⎜⎜
⎝ x × 5 ⎟⎠
⎟ % = 12% (
income increases by Rs. 8 – 6 )
1
2
1
= Rs. 1 , when
2
the capital is Rs. 100.
27. (B) Let sum = Rs. x 100 × 2 × 4050
Thus, the required capital =
x×4×2 x×6×4 x×8×3 3
Then, + + = 1120
100 100 100 = Rs. 270000
⇒ 56x = 112000 1211
35. (A) ˙·˙ Income for 1 year = Rs.
112000 4
∴ x = = Rs. 2000 Since the rate of interest for Rs. 3500 is 1% higher
56
therefore, if we subtract 1% on Rs. 3500 from
28. (D) Let the rates be x% and y%. Then, 1211
500 × x × 2 500 × y × 2 Rs. the remainder will be 1 year’s interest on
~ = 2·5 4
100 100 (Rs. 4150 + Rs. 3500) at the lower rate of interest.
⇒ 10 (x ~ y) = 2·5 ˙·˙ Interest on (Rs. 4150 + Rs. 3500)
∴ Req. difference x ~ y = 0·25% 1211
= Rs. – 1% on Rs. 3500
29. (A) Let sum = P, then S.I. = P and Time = 20 years 4
7650 × x × 1 1211 3500 × 1
100 × P ⇒ = –
∴ Required rate = = 5% per annum 100 4 100
P × 20
1211 – 140 1071
30. (C) Let the annual instalment be Rs. x = =
4 4
Then,[x + (x ×1004 × 8)] + [x + (x ×1003 × 8)] ∴ x =
1071 × 10 7
765 × 4 2
= =3 %
1
2
x×2×8 x×1×8 1
+ [x + (
100 )] [
+ x+(
100 )]
+ x = 580 and (x + 1)% = 4 %
2
36. (B) We first find the rate per cent of Interest
33x 31x 29x 27x
⇒ + + + + x = 580 Interest on Rs. 5600 = Rs. 6678 – Rs. 5600
25 25 25 25 = Rs. 1078
⇒ (120 + 25) x = 580 × 25 100 × 1078
⇒ Rate % =
∴ x = 100 1
5600 × 3
3 2
31. (C) ˙·˙ S.I. for years 100 × 1078 × 2 1
2 = =5 %
= Rs. (1067·20 – 1012) 5600 × 7 2
9400 × 21 × 11
= Rs. 55·20 ⇒ Interest on Rs. 9400 = Rs.
100 × 4 × 2
5
2 (
⇒ S.I. for years = Rs. 55·20 × ×
2 5
3 2 ) = 92 = Rs.
10857
4
∴ Sum = Rs. (1012 – 92) = Rs. 920 = Rs. 2714·25
100 × 92 × 2 ∴ The required amount = Rs. 9400 + Rs. 2714·25
Hence, Rate = ( 920 × 5 ) = 4%
= Rs. 12114·25
37. (C) Let the sum be Rs. x Interest × 100
˙·˙ Principal =
S.I. = Rs. 600, r1 t 1 + r2 t 2 + r3 t 3 + r4 t 4
Time = 10 years 8560 × 100
=
600 × 100 (5 × 3 + 8 × 2 + 10 × 4 + 12 × 3)
∴ Rate = ( )
x × 10
%
=
856000
= Rs. 8000
= ( )
6000
x % per annum
107
45. (D) Let the principal be Rs. x
⎛ x × 5 × 6000⎞ ∴ Amount = Rs. 10080
S.I. for first 5 years = Rs. ⎜ ⎟
⎝ 100 × x ⎠ ∴ Simple interest = Amount – Principal
= Rs. 300 = 10080 – P
⎛ 3x × 5 × 6000⎞ Principal × Rate × Time
S.I. for last 5 years = Rs. ⎜ ⎟ ˙·˙ Simple interest =
100
⎝ 100 × x ⎠
P × 16 × 5
= Rs. 900 ⇒ 10080 – P =
100
Hence, total interest at the end of 10 years 4P
= Rs. 1200. ⇒ 10080 – P =
5
Interest × 100 ⇒ 50400 – 5P = 4P
38. (D) ˙·˙ Rate = %
Principal × Time ⇒ 50400 = 5P + 4P
2700 × 100 ⇒ 50400 = 9P
⇒ Rate = %
15000 × 3 50400
∴ P = = Rs. 5600
∴ Rate = 6% 9
39. (C) 46. (B) Let principal = Rs. 100
Interest × 100 ∴ Interest on Rs. 100 at 8% for 2 years
40. (D) Rate = %
Principal × Time 100 × 8 × 2
=
3600 × 100 100
= %
12000 × 5 = Rs. 16
= 6% ∴ Interest on Rs. 100 at 12% for 2 years
41. (B) r1 = 5%, t1 = 2 years 100 × 12 × 2
=
r2 = 8%, t2 = 3 years 100
r3 = 10%, t3 = 8 – (2 + 3) = Rs. 24
= 3 years Difference = 24 – 16
Interest × 100 = Rs. 8
˙·˙ Principal = When difference is Rs. 8 principal is Rs. 100. When
r1 t 1 + r2 t 2 + r3 t 3
1280 × 100 difference is Rs. 320
= 100
5 × 2 + 8 × 3 + 10 × 3 the principal = × 320
128000 128000 8
= = = Rs. 4000
10 + 24 + 30 64
= Rs. 2000 Principal × Rate × Time
47. (C) ˙·˙ S.I. =
100
42. (C) Let the principal = Rs. x
Principal × Rate × Time
⇒ Amount = Rs. 2x ∴ Amount – Principal =
100
⇒ Interest = 2x – x = Rs. x 4200 × Rate × 4
Interest × 100 ⇒ 5712 – 4200 =
˙·˙ Rate = 100
Principal × 20 ⇒ 1512 = 42 × 4 × Rate
x × 100 1512
= = 5% Rate = = 9%
x × 20 42 × 4
Interest × 100 On increasing 3%, new rate of interest
43. (C) Rate =
Principal × Time = 9 + 3 = 12%
800 × 100 Simple interest on new rate
= = 5%
8000 × 2 4200 × 12 × 4
=
44. (A) r1 = 5%, t1 = 3 years 100
r2 = 8%, t2 = 2 years = Rs. 2016
r3 = 10%, t3 = 4 years Amount = Principal + Interest
r4 = 12%, t4 = 12 – (3 + 2 + 4) = 4200 + 2016
= 3 years = Rs. 6216