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Mr. Sharma takes loan of Rs. 25000 and r...

Mr. Sharma takes loan of Rs. 25000 and repays an amount of Rs. 31000 at the end of 2 years What is the rate of simple interest at which he repays the loan ?

A

`8%` p.a

B

`6%` p.a

C

`12%` p.a

D

`9%` p.a

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The correct Answer is:
C
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Knowledge Check

  • If an amount of Rs 5,000 earned a simple interest of Rs 500 over 2years, what is the rate of simple interest?

    A
    `4%`
    B
    `2%`
    C
    `5%`
    D
    `5.5%`

  • A sum of Rs.14,000 amounts to Rs.22,400 in 12 years at the rate of simple interest. What is the rate of interest?

    A
    0.07
    B
    0.06
    C
    0.05
    D
    0.04

  • A certain amount becomes Rs 2800 in 3 years and Rs 3000 in 5 years. Find the amount and rate of simple interest.

    A
    `2000,5%`
    B
    `2400,5%`
    C
    `2500,4%`
    D
    `2500,3%`
    • S CHAND IIT JEE FOUNDATION-SIMPLE INTEREST -Questions Bank
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    7. In how many years, Rs 150 will produce the same interest @ 8% as Rs...

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    8. what will be the ratio of simple interest earned by certain amount at ...

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    9. A sum of money at simple interest amounts to Rs 815 in 3 years and ...

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    10. A person invested part of ₹45000 at 4% and the rest at 6%. If his annu...

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    11. Rs 6000 becomes Rs 7200 in 4 years at a certain rate of simple inte...

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    12. A certain sum of money becomes three times of itself in 20 years at...

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    13. The sum of money that will give Rs. 1 as simple interest per day the r...

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    14. Simple interest on Rs 500 for 4 years at 6.25% per annum is equal t...

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    15. A borrows Rs. 800 at the rate of 12% per annum simple interest and B b...

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    16. If the simple interest on a certain sum for 15 months at 7 1/2% per...

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    17. A man invested 1/3 of his capital at 7%; 1/4 at 8% and the re...

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    18. Simple interest on a certain amount is 9/(16) of the principal. ...

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    19. A person lends 40% of his sum of money at 15% per annum, 50% of rest a...

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    20. The rates of simple interest in two banks A and B are in the rat...

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