# Aptitude:: Simple Interest

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### Exercise

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#### A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 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. 167.50

#### 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 E. None of these

#### 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 E. None of these

#### A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

 A. 5% B. 8% C. 12% D. 15%

#### A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:

 A. Rs. 2000 B. Rs. 10,000 C. Rs. 15,000 D. Rs. 20,000

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