Simple Interest Practice Test – Set 5

A person deposited ₹8,000 in a bank which pays simple interest. If the rate of interest for the first 2 years is 6% p.a., for the next 3 years is 8% p.a., and beyond 5 years is 10% p.a., find the total interest earned at the end of 8 years.

The simple interest on a certain sum of money for 2.5 years at 12% per annum is ₹450 less than the simple interest on the same sum for 3.5 years at 10% per annum. Find the sum.

A sum of ₹10,000 is divided into two parts such that the simple interest on the first part at 8% p.a. for 5 years equals the simple interest on the second part at 10% p.a. for 6 years. Find the first part.

What sum of money will amount to ₹6,500 in 3 years at 10% per annum simple interest?

A sum of money triples itself in 12 years at simple interest. In how many years will it become 5 times itself at the same rate of simple interest?