Simple Interest Practice Test – Set 3

A sum of ₹11,000 is lent at simple interest for 2 years. If the rate of interest is 4% for the first year and 6% for the second year, find the total simple interest.

A person borrows ₹15,000 at 10% p.a. simple interest for 3 years and pays it back along with interest. How much interest did he pay in total?

A sum of money invested at simple interest amounts to ₹5,600 in 2 years and ₹6,800 in 5 years. What is the principal sum?

In how many years will a sum of ₹6,000 double itself at 12.5% per annum simple interest?

A sum of ₹25,000 was lent out in two parts such that the simple interest on the first part at 8% p.a. for 3 years equals the simple interest on the second part at 6% p.a. for 2 years. Find the ratio of the first part to the second part.