If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan

1.  11225

2.  11250

3.  10000

4.  7500

5.  None of these

View Answer  
5
Correct Answer :

11250


Explanation :
No Explanation available for this question

A sum of money invested at simple interest triples itself in 8 years at simple interest. Find in how many years will it become 8 times itself at the same rate

1.  24 years

2.  28 years

3.  30 years

4.  27 years

5.  25 years

View Answer  
5
Correct Answer :

28 years


Explanation :
No Explanation available for this question

What is the amount of equal installment, if a sum of Rs. 1428 due 2 years hence has to be completely repaid in 2 equal annual installments starting next year.

1.  700

2.  500

3.  800

4.  650

5.  Cannot be determined

View Answer  
5
Correct Answer :

Cannot be determined


Explanation :
No Explanation available for this question

Sanjay borrowed Rs. 900 at 4% p.a. and Rs. 1100 at 5% p.a. for the same duration. He had to pay Rs. 364 in all as interest. What is the time period in years

1.  5 years

2.  3 years

3.  2 years

4.  4 years

View Answer  
4
Correct Answer :

4 years


Explanation :
No Explanation available for this question

A sum of money doubles itself in 5 years . In how many years will it become four fold (if interest is compounded)

1.  15

2.  10

3.  20

4.  12

View Answer  
4
Correct Answer :

10


Explanation :
No Explanation available for this question

Two equal sums were borrowed at 8% simple interest per annum for 2 years respectively. The difference in the interest was Rs. 56. The sum borrowed were

1.  Rs. 690

2.  Rs. 700

3.  Rs. 740

4.  Rs. 780

View Answer  
4
Correct Answer :

Rs. 700


Explanation :
No Explanation available for this question

When 30 is subtracted form a number, the result is 80% of the number. Find the number.

1.  150

2.  120

3.  100

4.  80

5.  None of these

View Answer  
5
Correct Answer :

150


Explanation :
No Explanation available for this question

Manoj spends 40% of his income on rent, 20% on food, 10% on entertainment and saves the rest. If he saves a net amount of Rs. 4380, find his income.

1.  30,660

2.  21,900

3.  17,800

4.  15,200

5.  14,600

View Answer  
5
Correct Answer :

14,600


Explanation :
No Explanation available for this question

The prices of chocolates dropped by 15% and thus Raju was able to save Rs. 1.35 on each chocolate. Find the new price of one chocolate.

1.  Rs. 7.65

2.  Rs. 8.65

3.  Rs. 9

4.  Rs. 9.35

5.  Rs. 10.35

View Answer  
5
Correct Answer :

Rs. 7.65


Explanation :
No Explanation available for this question

A milk-man mixes milk and water in the ratio 5 : 3. Find the percentage of milk in the resulting mixture.

1.  60 %

2.  62.5%

3.  67.5%

4.  75%

5.  80%

View Answer  
5
Correct Answer :

62.5\%


Explanation :
No Explanation available for this question
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