- Concepts
- Practice Questions
- Important Formulas
- A sum of ₹1550 was lent partly at 5
Answer is b
2. A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 percent, 12 percent and 15 percent simple interest respectively. If at the completion of each scheme, he gets the same interest. The ratio of his investment is
- 2:3:4
- 3:4:2
- 6:3:2
- 3:4:6
Answer is c
3. An old article is available for ₹12,000 at cash payment or is available for ₹7,000 cash payment and a monthly installment of ₹630 for 8 months. The rate percent per annum is
- 3 percent
- 3.3 percent
- 2.1 percent
- 3.25 percent
Answer is c
4. A man invests half his capital at the rate of 10
Answer is a
Read More: Simple Interest Concepts