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Question

Rahi deposited Rs. 700 in a bank that promised 6% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of:

This question was previously asked in
RRB ALP 2018 CBT 2 Fitter Question Paper (21-Jan-2019) (Shift 3)
The correct answer is

Rs. 210

Principal = Rs. 700

Rate of interest = 6%

Time = 5 years

∴ Interest earned = 700 × 6 × 5/100 = Rs. 210
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Similar Questions

  1. A sum of money was invested at the rate of 7.5% simple interest per annuum for 4 years. If the investments were for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?

  2. Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?

  3. At 6% simple interest per annum a sum of money became Rs. 834 in \(6\frac{1}{2}\) years. The sum initially invested was:

  4. At 5% simple interest per annum a certain sum yields a total amount of ₹2,790 at the end of 3\(\frac{1}{4}\) years. The sum invested was:

  5. Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of:

  6. Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6 years. Find x : y.

  7. x invested at 9% simple interest per annum for 5 years yields the same interest as that on  y invested at 7.5% simple interest per annum for 4 years. Find x  y.
  8. What will be the difference between the compound interest and simple interest on a sum of Rs. 100 at 10% per annum for 2 years?

  9. A sum of money invested for 2 years and 9 months at the rate of 8% simple interest per annum became Rs. 732 at the end of the period. What was the sum that was initially invested?

  10. The interest earned on Rs. 2250 at the rate 3% simple interest per annum for 2 years will be:


Important Questions from Simple Interest

  1. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?

  2. Nirav and Mehul borrowed Rs.4000 and Rs.5000 respectively for 2.5 years at the rate of x% per annum. Mehul paid Rs 125 more interest than Nirav. Find x.

  3. If the interest on a sum of Rs.1200 is more than the interest on Rs.1000 by Rs.120 in three years, then what is the rate of interest per annum?.

  4. The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates?

  5. A sum of Rs.1200 becomes Rs.1560 at a rate of simple interest in 3 years. In how many years will the sum of Rs.800 amount to Rs.1120 at the same rate of simple interest?

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