Simple Interest Practice Test 6

51.At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?

             A.  2%          B.  4%

             C.  6%          D.  11%

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52.	What percentage of simple interest per annum did Anand pay to Deepak? I.  Anand borrowed Rs. 8000 from Deepak for four years.  II.  Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.
	A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

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53.The simple interest on Rs. 1820 from march 9, 2003 to may 21, 2003 at 7x1/2% rate will be

             A.  Rs. 22.50          B.  Rs. 27.30

             C.  Rs. 28.80          D.  Rs. 29

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54.	What is the rate of simple interest? I.  The total interest earned was Rs. 4000.  II.  The sum was invested for 4 years.
	A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

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55.At what percent per annum will a sum of money double in 16 years?

             A.  6x1/4%            B.  5x3/2%

            C.  7x2/3% D.  None of these

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