Simple Interest (Railway Maths) (Part – I)

Total Questions: 50

21. Find the answer of given question? [Group D 17/08/2022 (Evening) ]

Correct Answer: (d) Rs. 1,08,750
Solution:

22. Find the answer of given question? [Group D 18/08/2022 (Evening) ]

Correct Answer: (b) ₹1,650
Solution:

23. Rani borrowed an amount of Rs. 2,00,000 from the bank to start a business. How much simple interest will she pay at the rate of 7% per annum after 2 years? [Group D 22/08/2022 (Morning)]

Correct Answer: (c) Rs. 28,000
Solution:

24. Ramesh invested ₹1,232 at 5% p.a. rate of simple interest in a bank. What amount will he get after 3 years? [Group D 22/08/2022 (Evening)]

Correct Answer: (d) ₹1,416.80
Solution:

25. If the simple interest on a certain sum for 18 months at 5.5% per annum exceeds the simple interest on the same sum for 14 months at 6% per annum by ₹62.50, then the sum is: [Group D 23/08/2022 (Afternoon)]

Correct Answer: (b) Rs. 5,000
Solution:

26. The simple interest received on a sum of money in 12 years is equal to 3/5 of the principal. Find the annual interest rate. [Group D 24/08/2022 (Afternoon)]

Correct Answer: (b) 5%
Solution:

27. In how much time will a sum of money double itself at 10 percent per annum rate of simple interest? [Group D 25/08/2022 (Afternoon)]

Correct Answer: (d) 10 years
Solution:

28. A sum was invested at a certain rate of simple interest per annum for 2 years. Had it been invested at 2% per annum more than the existing rate, the simple interest accrued in the 2 years would have been ₹240 more. Find the sum invested. [Group D 25/08/2022 (Evening)]

Correct Answer: (a) ₹6,000
Solution:

29. A trader owes a merchant ₹8,000 due in one year. The trader wants to settle the account after 2 months. If the rate of interest is 9% per annum, then how much should he pay (rounded off value)? [Group D 29/08/2022 (Evening) ]

Correct Answer: (a) ₹7,442
Solution:

30. Bharat borrowed a sum of ₹10,000 at a certain rate of simple interest for 2 years. If he paid an interest of ₹2,000 at the end of the period, then find the rate of interest per annum. [Group D 30/08/2022 (Morning)]

Correct Answer: (d) 10%
Solution: