Simple Interest Practice Test – Set 2

A total of ₹2,00,000 is divided into two parts for investing in different banks on simple interest. One yields 4% p.a. while the other yields 6% p.a. If the total interest at the end of one year is equivalent to 4.7% p.a. on the whole amount, the amount (in ₹) invested in each bank is respectively:

Aman invested a sum of money in scheme A at the rate of 8% p.a. for a period of 5 years on simple interest. He invested four times of the sum of scheme A in scheme B at the rate of 5% p.a. for 7 years on simple interest. He received total interest amount of ₹1,620 . How much (in ₹) did he invest in scheme B?

A sum is divided into three parts in the ratio 3 : 4 : 5. The first part is invested at 6% p.a. simple interest for 2 years, the second at 8% p.a. for 3 years, and the third at 10% p.a. for 4 years. If the total simple interest received from the three parts after their respective periods is 8,300, find the total sum invested.

A man lends out a sum of money by putting 40% of it at 7.5% p.a. simple interest and the remaining 60% at 11.25% p.a. simple interest. After 2.5 years his total interest income is ₹6,825 . What was the original sum (principal) he lent?

A person borrow some money on simple interest. After 15 years, the simple interest will be 19/15 of the borrowed amount. What is the rate of interest per annum?