πŸ“Š Math
Q. A sum of Rs. 5000 yields Rs. 750 as simple interest in a certain number of years at 5% p.a. What is that time?
  • (A) 2 years
  • (B) 3 years
  • (C) 4 years
  • (D) 5 years
πŸ’¬ Discuss
βœ… Correct Answer: (B) 3 years

Explanation: T = SI×100/(P×R) = 750×100/(5000×5) = 75000/25000 = 3 years. Other options don't match the division result.

πŸ“Š Math
Q. At what simple interest rate will a principal double in 10 years?
  • (A) 5%
  • (B) 8%
  • (C) 10%
  • (D) 12%
πŸ’¬ Discuss
βœ… Correct Answer: (C) 10%

Explanation: Doubling means SI = P. So P = P×R×T/100 ⇒ 1 = R×10/100 ⇒ R = 100/10 = 10%. Other rates give different multiples of P.

πŸ“Š Math
Q. What is the simple interest on Rs. 2000 for 6 months at 8% per annum?
  • (A) Rs. 80
  • (B) Rs. 160
  • (C) Rs. 40
  • (D) Rs. 100
πŸ’¬ Discuss
βœ… Correct Answer: (A) Rs. 80

Explanation: T = 6 months = 0.5 year. SI = (2000×8×0.5)/100 = (2000×4)/100 = 80. Option2 would be for 1 year at 8% (160). Option3 & Option4 are incorrect.

πŸ“Š Math
Q. Which statement is true?
  • (A) Simple interest depends on principal, rate and time; interest each year is same.
  • (B) Under simple interest, interest is added to principal each year.
  • (C) Simple interest and compound interest are identical for multi-year periods.
  • (D) Simple interest rate changes every year automatically.
πŸ’¬ Discuss
βœ… Correct Answer: (A) Simple interest depends on principal, rate and time; interest each year is same.

Explanation: Correct: SI = PRT/100 so depends on P,R,T and yearly interest is constant. Option2 describes compound interest. Option3 is false unless rate=0 or time=1. Option4 is false.

πŸ“Š Math
Q. Simple interest on P for 3 years is equal to simple interest on Q for 2 years at the same rate. What is P:Q?
  • (A) 3:2
  • (B) 2:3
  • (C) 1:1
  • (D) 3:1
πŸ’¬ Discuss
βœ… Correct Answer: (B) 2:3

Explanation: SI ∝ P×T at same rate. If P×3 = Q×2 then P/Q = 2/3. Option1 is inverse. Option3 and Option4 don't satisfy the equation.

πŸ“Š Math
Q. Two people invest Rs. 2000 and Rs. 3000 respectively at same simple interest rate for same time. How will total interest be divided between them?
  • (A) 1:1
  • (B) 2:3
  • (C) 3:2
  • (D) 2:5
πŸ’¬ Discuss
βœ… Correct Answer: (B) 2:3

Explanation: Interest share ∝ principal at same rate and time. Ratio 2000:3000 simplifies to 2:3. Other options are incorrect simplifications.

πŸ“Š Math
Q. If simple interest on a sum for 2 years is 10% of the sum, what is the annual rate?
  • (A) 5%
  • (B) 10%
  • (C) 2.5%
  • (D) 20%
πŸ’¬ Discuss
βœ… Correct Answer: (A) 5%

Explanation: SI for 2 years = 10% ⇒ per year = 10%/2 = 5%. Option2 is total for 2 years, not annual. Options 3 and 4 wrong.

πŸ“Š Math
Q. How many years will it take for Rs. 600 to earn Rs. 90 as simple interest at 3% per annum?
  • (A) 4 years
  • (B) 5 years
  • (C) 6 years
  • (D) 3 years
πŸ’¬ Discuss
βœ… Correct Answer: (B) 5 years

Explanation: T = SI×100/(P×R) = 90×100/(600×3) = 9000/1800 = 5 years. Other choices don't match the division.

πŸ“Š Math
Q. If simple interest on an amount for 5 years at 4% p.a. is Rs. 240, what is the principal?
  • (A) Rs. 1200
  • (B) Rs. 1000
  • (C) Rs. 1500
  • (D) Rs. 800
πŸ’¬ Discuss
βœ… Correct Answer: (A) Rs. 1200

Explanation: P = SI×100/(R×T) = 240×100/(4×5) = 24000/20 = 1200. Other options produce incorrect backward-calculations.

πŸ“Š Math
Q. Principal Rs. 1000 becomes Rs. 1250 after 4 years on simple interest. What is the annual rate?
  • (A) 6.25%
  • (B) 5%
  • (C) 7.5%
  • (D) 8.5%
πŸ’¬ Discuss
βœ… Correct Answer: (A) 6.25%

Explanation: SI = 1250−1000 = 250. R = SI×100/(P×T) = 250×100/(1000×4) = 25000/4000 = 6.25%. Other options wrong.

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