Simple Interest

Study Material (PDF)
Self Assesment
Study Material (PDF)
Self Assesment

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Question No: #31

A man wants to divide a sum of Rs 37,500 among his son and daughter aged 12 years and 14 years respectively in such a way that on attaining the age of 18 years each gets the same amount at 5% p.a. simple interest. Find the share of son.
Ans: Rs. 18,000
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Question No: #32

Ramen Babu deposited a total of Rs 3,70,000 in three banks. The annual simple interest rates of the three banks are 4%, 5% and 6% respectively. After 1 year interest received from each of the three banks is equal. How much money did he deposit in three banks?
Ans: 1,50,000; 1,20,000; 1,00,000
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Question No: #33

Amal Babu deposited Rs 93,000 at 5% simple interest per annum for 3 years in a post office, 5 years in a state-owned bank and 2 years in a cooperative bank in such a way that the amount of interest received from each place is equal. How much money did Amal babu deposit at each place?
Ans: Rs. 30,000/- in post-office, Rs. 18,000/- in state-owned bank & Rs. 45,000 in cooperative bank.
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Question No: #34

A person deposits part of his savings in the bank and the rest in the post office. He would earn him 50 rupees more at the end of the year if he had kept all the money in the bank. If the annual simple interest rates in the bank and post office are 10% and 8% respectively, where did he keep the money? His savings amount was Rs.5700.
Ans: Post office = Rs. 2500, Bank = Rs. 3200
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