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Q:

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

A) Rs.1,860 B) Rs.1,800
C) Rs.1,980 D) Rs.2,000

Answer:   C) Rs.1,980



Explanation:
Subject: Simple Interest - Quantitative Aptitude - Arithmetic Ability
Exam Prep: AIEEE , Bank Exams
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What is the ratio of simple interest earned on certain amount at the rate of 12% for 6 years and that for 12 years?

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Answer & Explanation Answer: D) 10000

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A sum of Rs 800 becomes Rs 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?

 

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Answer & Explanation Answer: A) 12.5  

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Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?

 

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C) 36000, 24000   D) 32000, 28000
 
Answer & Explanation Answer: C) 36000, 24000  

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Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.

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Answer & Explanation Answer: D) 9:8

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