Question

A moneylender lends Rs.60 and collects Rs.66
at the end of four months. The rate of interest
p.a. is​

Answer 1

Answer:

Simple Interest Questions Set 2

Q.1. A moneylender charges Rs. 180 as simple interest on a sum of Rs. 600 for four months. What is the rate of interest per annum?

80%

85%

90%

95%

Answer with Explanation:- (3)

Principal = Rs. 600, Interest = Rs. 180, time = 4 months = 1/3 years

Interest = (P*r*t) / 100

r= (180 * 100) / (600/3) = 90 %

Q.2. At what rate of SI, a sum of Rs.7000 amounts to Rs.7700 in 2 years?

5.5 %

6.5 %

6 %

5 %