Simple Interest Practice Test – Set 5

What annual payment will discharge a debt of ₹9,440 due in 4 years at 12% per annum simple interest?

A person invested ₹12,800 at a simple interest rate of 6.25% p.a. After how many years will the simple interest earned be equal to half of the principal?

A sum of ₹25,000 is divided into two parts such that simple interest on the first part at 10% p.a. for 4 years is equal to simple interest on the second part at 15% p.a. for 2 years. Find the second part.

If the simple interest on ₹8,500 at R% p.a. for 3 years is ₹1,530, find the rate of interest R.

A sum of money doubles itself in 5 years at simple interest. In how many years will it become 6 times itself at the same rate of interest?