Simple Interest (Railway Maths) (Part – I)

Total Questions: 50

31. A trader owes a merchant ₹10,500 due in one year. The trader wants to settle the account after four months. If the rate of interest is 6% per annum, then how much should he pay (rounded off value)? [Group D 30/08/2022 (Evening)]

Correct Answer: (d) ₹10,096
Solution:

32. If the simple interest on ₹4,800 at 15% per annum for ‘n’ years is ₹2,160, then find the value of ‘n’. [Group D 02/09/2022 (Morning)]

Correct Answer: (c) 3
Solution:

33. Find the answer of given question? [Group D 02/09/2022 (Afternoon) ]

Correct Answer: (b) 13,855
Solution:

34. If the simple interest on a certain sum for 8 years is 11/25 of the sum, then the rate of interest per annum is: [Group D 05/09/2022 (Morning) ]

Correct Answer: (d)
Solution:

35. At what annual rate of simple interest will a sum of ₹ 7,500 amount to ₹ 9,250 in 7 years? [Group D 06/09/2022 (Morning) ]

Correct Answer: (a)
Solution:

36. A sum of ₹5,800 is invested at 6% per annum simple interest. How much will the sum become after 4 years? [Group D 08/09/2022 (Morning)]

Correct Answer: (d) ₹7,192
Solution:

37. The sum lent at the rate of 25% per annum simple interest, that produces interest of ₹2.00 a day, for a year of 365 days, is: [Group D 12/09/2022 (Morning)]

Correct Answer: (b) ₹2,920
Solution:

38. The simple interest on a sum for 3 years is two-fifth of the sum. The rate of interest per annum is: [Group D 12/09/2022 (Evening)]

Correct Answer: (b) 40/3 %
Solution:

39. How much annual instalment will discharge a debt of ₹9,600 in 5 years at 10% simple interest per annum? [Group D 13/09/2022 (Morning)]

Correct Answer: (b) ₹1,600
Solution:

40. Mohan borrows a sum of ₹2,20,000 at the rate of 8% per annum simple interest. At the end of the first year, he repays ₹27,600 towards return of principal amount borrowed. If Mohan clears all pending dues at the end of the second year, including interest payment that accrued during the first year, how much does he pay at the end of the second year? [Group D 13/09/2022 (Evening)]

Correct Answer: (c) ₹2,25,392
Solution: