Simple Interest Questions and Answers

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Q51
 What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
  • A 1 : 3
  • B 1 : 4
  • C 2 : 3
  • D Data inadequate
Answer: Option C
Q52
A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
  • A Rs. 35
  • B Rs. 245
  • C Rs. 350
  • D Cannot be determined
Answer: Option D
Q53
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.
  • A Rs. 112.50
  • B Rs. 125
  • C Rs. 150
  • D Rs. 67.50
Answer: Option A

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