Interest [NRA CGL (National Recruitment Agency-Combined Graduate Level) Mathematics]: Questions 16 - 18 of 18

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Question 16

Interest
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Question

MCQ▾

A man took a loan from a bank at the rate of per annum at simple interest. After 5 years he had to pay Rs. 6000 as interest only for the period. The principle amount borrowed by him was

Choices

Choice (4)Response

a.

Rs. 20000

b.

Rs. 10000

c.

Rs. 12000

d.

Rs. 2000

Question 17

Interest
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Question

MCQ▾

A sum of money at simple interest amounts to Rs. 1020 in 3.5 years and to Rs. 1080 in 5 years. The rate of interest per annum is

Choices

Choice (4)Response

a.

4.5 %

b.

5.4 %

c.

2.7 %

d.

3.6 %

Question 18

Interest
Edit

Question

MCQ▾

A man took a loan from a bank at the rate of per annum at simple interest. After 5 years he had to pay Rs. 1600 as interest only for the period. The principle amount borrowed by him was

Choices

Choice (4)Response

a.

Rs. 7000

b.

Rs. 4000

c.

Rs. 2000

d.

Rs. 6000