Question: You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate:

• 1. 6%
• 2. 5%
• 3. 7%
• 4. 8%

Question: How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

• 1. 65 years
• 2. 56 years
• 3. 45 years
• 4. 57 years

Question: What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.

• 1. 11/3%
• 2. 14/3%
• 3. 12%
• 4. 14%

Question: A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?

• 1. Rs. 700
• 2. Rs. 690
• 3. Rs. 650
• 4. Rs. 698

Question: A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.

• 1. Rs.4000
• 2. Rs.9000
• 3. Rs.5000
• 4. Rs.6000

Question: 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:

• 1. 5%
• 2. 8%
• 3. 12%
• 4. 15%

Question: A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

• 1. 12.25%
• 2. 12%
• 3. 6%
• 4. 13.75%

Question: A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

• 1. 9%
• 2. 10%
• 3. 11%
• 4. 12%

Question: If there is a total of 104 weekly instalments and a third deposit, find the interest charged:

• 1. 237.55
• 2. 337
• 3. 443
• 4. 334

Question: What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

• 1. Rs.325
• 2. Rs.545
• 3. Rs.560
• 4. Rs.550