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What is the simple interest. if an amount of Rs.1000 is invested for 4 years at the rate of 20% p.a.?

A) Rs.800
B) Rs.400
C) Rs.1200
D) Rs.600

Correct Answer:

A) Rs.800

Description for Correct answer:
It is given that, the Principal P = Rs.1000, rate, r = 20% and time n = 4 years.

Therefore, the simple interest is SI = \( \Large \frac{PNR}{100} = \frac{1000 \times 4 \times 20}{100} \) = Rs.800

Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest

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Similar Questions

1). An investment becomes Rs.720 after adding a simple interest of Rs.120 earned for a period of time at 5% p.a. How long was the principal invested?

A). 3 years

B). 4 years

C). 5 years

D). 6 years

2). On what .sum of money lent at 9% p.a. for 4 years will the simple interest amount to Rs.864?

A). Rs.4800

B). Rs.3600

C). Rs.2400

D). Rs.6000

3). If Rs.84 invested at a certain rate of simple interest amounts to Rs.96 at the end of 3 years, how much will Rs.105 amount to at the same rate of interest in 5 years?

A). Rs.1200

B). Rs.1300

C). Rs.1400

D). Rs.1310

4). A merchant borrowed a total of Rs.4000 from two lenders. He paid simple interest at the rate of 5% p.a. to one of them and 7% p.a. to the other. If the total interest paid for three years was Rs.696. how much did he borrow at each rate?

A). Rs.2400 and Rs.1600

B). Rs.3600 and Rs.2800

C). Rs.4800 and Rs.3000

D). Rs.5400 and Rs.4000

5). How long will a sum of money take to double if it is invested at 12.5% p.a. SI?

A). 8 Years

B). 10 Years

C). 12 Years

D). 13 Years

6). How long will a sum of money take to trIple If It Is Invested at 20% p.a., SI

A). 9 Years

B). 10 Years

C). 12 Years

D). 16 Years

7). A sum of money becomes four times its principal In 18 years after earning simple interest for this duration. At what rate of interest was it invested?

A). 0.3333

B). 0.48

C). 0.1667

D). 0.24

8). Find the amount and compound interest on Rs.20,000 for 2 years at 20% p. a., interest being compounded annually.

A). Rs.3300

B). Rs.4400

C). Rs.6600

D). Rs.8800

9). What is the amount and interest earned on Rs.50,000 for 18 months at the rate of 20% p.a., if interest is compounded half yearly?

A). Rs.16550

B). Rs.24250

C). Rs.30450

D). Rs.18750

10). What principal will amount to Rs.19,965 in 3 years at 10% p.a. compound interest?

A). Rs.12000

B). Rs.15000

C). Rs.18000

D). Rs.24000