11

Simple Interest
Rule 1

To find simple interest

Soln: I = [A - P]; where A = Amount, P = Principal

= 500 - 468.75 =Rs 31.25
Now, applying the above formula, we have

Pxtxr
3le Interest (SI) =

r=

100

100x31.25
'
3125 3
= 100x
- = 4%.
, ,
5
46875 5
468.75 x x

re, P = Principal, t = number of years, r = rate per cent

strative Example
Find the simple interest on Rs 400 for 5 years at 6 per

(iv) To find time

100/

cent.
SI

9 n

t
400x5x6
100

Pr
Where, I = Interest, P = Principal, r = Rate per cent

Rs 120.

Illustrative Example
To find principal
Ex.:
100/ "

.1

P =

tr
Where, P = Principal, I = Interest, t = Number of years,
r = Rate per cent

strative Example
What sum of money will produce Rs 143 interest in

In what time will Rs 8500 amount to Rs 15767.50 at

4 per cent per annum?

Soln: Here, Interest = Rs 15767.50 - Rs 8500 = Rs 7267.50
= 19 years.
8500x4.5
7267.50x100

Exercise
3 years at 2 per cent simple interest?

1.

: Applying the above formula, we have

P

100x143
,1
1
3 x2
4
2
0

100x143x4x2
= Rs
= Rs 1760.
13x5

2.

3.

A sum of Rs 800 is lent for one year at the rate of 18%

per annum. Find the interest.
a) Rs 144
b) Rs 140
c) Rs 150
d) Rs 154
A sum of Rs 4000 is lent for 5 years at the rate of 15%
per annum. Find the interest.
a)Rs 3000 b)Rs2000 c)Rsl000 d) None of these
Anita borrowed Rs 400 from her friend at the rate of

To find rate per cent

12% per annum for 2~ years. Find the interest and the

100/
r=

; Where I = Interest, P = Principal, t = No.

amount paid by her.

of years

trative Example
A sum of Rs 468.75 was lent out at a simple interest
and at the end of 1 year 8 months the total amount
was Rs 500. Find the rate of interest per Gent per annum.

4.

a) Rs 140, Rs 540
b) Rs 130, Rs 530
c) Rs 125, Rs 525
d) Rs 120, Rs 520 .
A farmer borrowed Rs 2400 at 12% interest per annum.
'

At the end of 2 years, he cleared his account by paying Rs 1200 and a cow. Find the cost of the cow.

PRACTICE BOOK ON QUICKER MATHS

270

5.

6.

7.

a)Rsl820
b)Rsl720
c) Rs 1920
d) None of these
Find the interest on Rs 1200 at 6% per annum for 146
days.
a) Rs 28.80 b) Rs 30
c) Rs 25.50 d) Rs 28
What sum of money will produce Rs 150 interest in 2
years at 5 per cent simple interest?
a)Rsl400
b)Rsl050
c) Rs 1500
d) Data inadequate
A sum of Rs 400 was lent out at a simple interest and at

the end of 6 years the total amount was Rs 625. Find

4
the rate of interest per cent per annum.
a) 9%
b)8%
c)5%
d) 6%
8. In what time will Rs 500 amount to Rs 625 at 5 per cent
per annum?
a) 6 years
b) 5 years
c) 10 years d) None of these
9. At what rate per cent will Rs 425 amount to Rs 476 in 3
years?
a) 4%
b)5%
c)6%
d) 2%
10. In how many years will Rs 300 amount to Rs 405 at 5
per cent?
a) 7 years
b) 3 years
c) 5 years
d) 9 years
11. The simple interest on Rs 500 for 6 years at 5% per
annum is
[Clerical Grade, 1991]
a)Rs 250
b)Rsl50
c)Rsl40
d) Rs 120
12. A man will get Rs 87 as simple interest on Rs 725 at 4%
per annum in:
[Clerical Grade, 1991]
a) 3 years

, 1
b) 3 years c) 4 years
2

. i

,3

100^1
b)Rsl00x

c)Rs

lrJ

d ) R S

100
2

15. A borrowed Rs 5000 from B at simple interest. After 4

years. B received Rs 1000 more than the amount given
to B on loan. The rate of interest was:
[BSRB Exam, 1991]
a) 5%
b)25%
c)20%
d)4%
16. If 1 Re produces Rs 9 as interest in 60 years at simple
interest, the rate per cent is:
[Clerical Grade, 1991]
a) 30

b) 15

c) i :

Answers
l.a2. a

3.d

4. c; Hint: SI =

2400x12x5

= Rs 720

Amount = Rs 2400 + Rs 720 = Rs 3120

.-. Cost of cow = Rs 3120 - Rs 1200 = Rs 1920
5. a; Note: 73, 146, 219 and 292 days are respectively
2
6. c
12. a

3
, and of a year.
7. c
13. c

8. b

9. a

d)9

lO.a

11.b
100

100xx
14. c; Hint: Principal = Rs

Rs

XXX

looxioooy

5%

15. a; Hint: Rate%

5000x4 J
)0x9\
1x60

16. b;Hint: Rate =

( 365x100^1
17. d; Hint: Sum = Rs I = Rs 7300.

Rule 2

d) 5 years

13. Interest on a certain sum of money for * years at 3 %

per annum isRs210. The sum is
[Railways, 1989]
a) Rs 2800 b) Rs 1580 c) Rs 2400 d) None of these
14. The simple interest at x% for x years will be Rs x on a
sum of
a) Rs x

17. The sum of money that will give Re 1 as interest per da;at 5% per annum simple interest is:
[Clerical Grade, 1991
a) Rs 3650 b) Rs 36500 c) Rs 730
d) Rs 7300

When time (t) changes from r, to t ,

2

Pxrx^

M,-SI =
2

-t )
2

Where, SI = Simple Interest, P = Principal, r = Rate

cent per annum.

Illustrative Example
Ex.:

If the simple interest on Rs 2000 increases by Rs

when the time increases by 4 years. Find the raa
cent per annum.
Soln: Applying the above formula, we have
2000x/-x4
40

100
40x100
- = 0.5%
2000x4

Note: Here, SI, - S I = Rs 40 and t , - t

2

= 4 years.

Simple Interest

Exercise
1.

2.

3.

4.

271

I f the simple interest on Rs 1000 increases by Rs 20,

when the time increases by 2 years. Find the rate per
cent per annum.
a) 0.5%
b)0.25%
c) 1%
d) None of these
If the simple interest on Rs 625 increases by Rs 25, when
the time increases by 2 years. Find the rate per cent per
annum.
a) 2%
b)3%
c) 1%
d)0.5%
I f the simple interest on Rs 1500 increases by Rs 30,
when the time increases by 8 years. Find the rate per
cent per annum.
a) 0.5%
b)0.25%
c) 0.75%
d) 1.25%
If the simple interest on Rs 170 increases by Rs 17, when
the time increases by 5 years. Find the rate per cent per
annum.
a) 2%

b)l%

c)2.5%

d) 1.5%

2. a

at the simple interest rate of 5 per cent per annum. The

total interest earned at the end of one year on the total
. V
_l
amount invested became 3 per cent per annum, find
the total amount invested.
Rs 5000 b)Rs 8000 c) Rs 6000 d) Rs 2000
A man deposits Rs 1350 in a bank at 5% per annum and
Rs 1150 in another bank at 6% per annum. Find the rate
of interest for the whole sum.
a) 5.40%
b)6.40%
c) 5.46%
d) 11%
A man deposits Rs 4000 in a bank at 15% per annum
and Rs 6000 in another bank at 16% per annum. Find
the rate of interest for the whole sum.
a) 15.86% b) 31%
c) 14.6%
d) 15.6%

5.

Answers

Answers
l.c

1
est rate of 2 per cent per annum and another amount

l.c;
3.b

Hint: Applying the rule we have,

4. a

12000xl0 + x x20
2

14

Rule 3
Theorem: If a person deposits Rs x in a bank at r, % per
x

innum and Rs x

12000 + x,

or, x = Rs 8000
.-. Total amount = Rs 12000
3. a
4. c
5. d
2

in another bank at r % per annum,

2

2. c
'Jien the rate of interestfor the whole sum is

Rs 8000 = Rs 20000.

2'2

Rule 4

Illustrative Example

Theorem: If the simple interest on a sum of money is \jn

E\.:

of the principal, and the number of years is equal to the

rate per cent per annum, then the rate per cent is

A man deposits Rs 2000 in a bank at 4% per annum

and Rs 3000 in UTI at 14% per annum. Find the rate
of interest for the whole sum.
Soln: Following the above formula, we have
the rate of interest for the whole sum
_ (2000x4)+(3000x14) _ 50000 _
2000 + 3000

" 5000 ~

lOOx

Note: 1. Time is also given by the same formula

'
IC

Ixercise
Parameshwaran invested an amount of Rs 12000 at the
simple interest rate of 10 per cent per annum and another amount at the simple interest rate of 20 per cent
per annum. The total interest earned at the end of one
year on the total amount invested became 14 per cent
per annum, find the total amount invested.
[SBI Associates PO Exam, 1999]
a) Rs 22000 b) Rs 25000 c) Rs 20000 d) Rs 24000
Randhir invested an amount of Rs 6000 at the simple
interest rate of 5 per cent per annum and another amount
at the simple interest rate of 10 per cent per annum. The
total interest earned at the end of one year on the total
amount invested became 7 per cent per annum, find the
total amount invested.
a) Rs 8000 b) Rs 4000 c) Rs 10000 d) Rs 15000
Raju invested an amount of Rs 3000 at the simple inter-

lOOx

years.

2. Also see Rule 35.

Illustrative Example
Ex.:

1
The simple interest on a sum of money is of the

principal, and the number of years is equal to the rate

per cent per annum. Find the rate per cent.
[Clerical Grade, 1991]
Soln: Applying the above formula, we have
1 0 0 x 1 = ^ = 31%.

Exercise
1.

The simple interest on a sum of money is of the prin-

PRACTICE BOOK ON QUICKER MATHS

272
cipal, and the number of years is equal to the rate per
cent per annum. Find the rate per cent.
a) 6%
b)4%
c)5%
d) 10%
ii 1 ni i T i i i ii
2.

2.

3.

The simple interest on a sum of money is of the

principal, and the number of years is equal to the rate

a) Y/o

pci e c u l pci aiinuiM. F f i n i Ci'ic laCc p c i tent.

a) %l%

3.

c) 4%
2

b) 3 ^ %

d) None of these

If the simple interest on Rs 2764 be more than the interest on Rs 2464 by Rs 15 in 5 years, find the rate per cent
per annum.
a) 2%
b)2.5%
c)4%
d) 1%
If the simple interest on Rs 1888 be more than the interest on Rs 1763 by Rs 25 in 4 years, find the rate per cent
per annum.
b) 3%

c) 8%

d) 10%

Answers
l.b

2. d

3. a

<^

Rule 6

The simple interest on a sum of money is of the

When Rate (r) changes from R to R , S/, - SI

x

principal, and the number of years is equal to the rate

per cent per annum. Find the rate per cent,
a) 3%
b)4%
c)2%
d)2.5%
\ _ ^ / The simple interest on a sum of money is equal to the
principal and the number of years is equal to the rate per
cent per annum. Find the rate per cent,
a) 25%
b) 100%
c)10% d) Can't be possible

100

Illustrative Example
Ex.:

If simple interest on Rs 2000 increases by Rs 40, wl

the rate % increases by 2% per annum. Find the tir
Soln: Applying the above formula, we have,
2000x2xr

40 =

100

cent per annum. Find the rate per cent.

or, t
c )

7.|%

is givtm

cipal, and the number of years is equal to the rate per

b) 5 ^ %

Px(r\ )xt
by

The simple interest on a sum of money is of the prin-

a) e | %

100x40

1 year.

2000x2

d) ( > \

Exercise
Answers
l.c

1.

2. a

3.c

4. c

5. a

RuleS H

a) 1 years b) 1 year

When Principal (P) changes from P to P , then SY, - SI

{

2.

(f,-P )xrxt
2

is given by

100

Illustrative Example
I f the simple interest on Rs 1200 be more than the
interest on Rs 1,000 by Rs 30 in 3 years, find the rate
per cent per annum.
Soln: Applying the above formula, we have,

3.

Ex.:

100
100x30

or, r

3x200

= 5%

Exercise
1.

4.

(l200-1000)x/-x3

30 =

I f simple interest on Rs 300 increases by Rs 15, w

the rate % increases by 4% per annum. Find the tir

I f the simple interest on Rs 1350 be more than the interest on Rs 1250 by Rs 20 in 2 years, find the rate per cent
per annum.
a) 5%
b) 10%
c)6%
d)8%

c) 2~ years d) 2 years

If simple interest on Rs 1250 increases by Rs 50, j

the rate % increases by 4% per annum. Find the tim
a) 1 year
b) 1.5 years
c) 2 years
d) 1.25 years
I f simple interest on Rs 375 increases by Rs 75. I
the rate % increases by 5% per annum. Find the tin*
a) 2 years
b) 8 years
c) 4 years
d) None of these
The difference between the interests received from
different banks on Rs 1000 for 2 years is Rs 2 0 . 1
the difference between their rates is
per cent
a) 2
b) 1
c)1.5
d)2.5

Answers
l.a

2. a

3. c

1000x(/-,-/- )x2
2

4. b; Hint:

100
2000
1000x2

1 per cent

Simple Interest

273

Rule 7
Theorem: The annual payment that will discharge a debt
ofRs A due in t years at the rate of interest r% per annum

6.

l(XM
100/

5.

, EES

Illustrative Example
Ex.:

What annual payment will discharge a debt of Rs 770

due in 5 years, the rate of interest being 5% per annum?
Soln: Detail Method: Let the annual payment be P rupees.
The amount of Rs P in 4 years at 5%
100/> + 4 x 5 P

\20P

100

100

The amount of Rs P in 3 years at 5% =

115P
100
HOP

The amount of Rs P in 2 years at 5%

The amount of Rs P in 1 year at 5% =

100
10SP
100

due 5 years hence at the rate of 6% simple interest?

a)Rs 500
b)Rs 560
c)Rsl000 d) None of these
What annual payment will discharge a debt of Rs 9270
due 3 years hence at the rate of 3% simple interest?
a)Rs3000 b)Rs2000 c)Rs2500 d) Rs 3500
What annual instalment will discharge a debt of Rs 4,200
due in 5 years at 10% simple interest?
|AAO 1982]
a) Rs 700 per year
b) Rs 350 per year
c) Rs 750 per year
d) Rs 650 per year

Answers
l.a

2. d

3.c

4. c

Ex.:

The rate of interest for the first 2 years is 3% per

annum, for the next 3 years is 8% per annum and for
the period beyond 5 years 10% per annum. If a man
gets Rs 1520 as a simple interest for 6 years, how
much money did he deposit?
Soln: Detail Method: Let his deposit = Rs 100
Interest for first 2 years = Rs 6
Interest for next 3 years = Rs 24
Interest for the last year = Rs 10
Total interest = Rs 40
When interest is Rs 40, deposited amount is Rs 100
.-. when interest is Rs 1520, deposited amount
100

Interest x 100
Direct Formula: Principal

= 140
100
550
Hence annual payment = Rs 140
Quicker Method: Using the above theorem, we have
annual payment

100x770

5x100 + mi

x 1520 = R 3800
S

40

770x100

:770

6. a

Rule 8

These four amounts together with the last annual payment of Rs P will discharge the debt of Rs 770.
120P \15P WOP \05P
+ /> = 700
100
100
100
100
550P

5. a

770x100
550

2
Rs 140.

a)Rs 1 7 0 ^ r b ) R s 168 c) Rs 169 d) Rs 169

13
13
23
13
What annual payment will discharge a debt of Rs 47250
due 3 years hence at the rate of 5% simple interest?
a) Rs 15500 b) Rs 16000 c) Rs 15000 d) Rs 14000
What annual payment will discharge a debt of Rs 5600

1520x100
40

= Rs 3800.
Note: Here i = 6 - 5 = 1 year.
3

Exercise
1.

i\ercise
What annual payment will discharge a debt of Rs 19350
due 4 years hence at the rate of 5% simple interest?
a)Rs4500 b) Rs 5400 c)Rs4000 d) None of these
What annual payment will discharge a debt of Rs 1540
due 7 years hence at the rate of 10% simple interest?

1520x100
2x3+3x8+1x10

2.

Arun borrowed a sum of money from Jayant at the rate

of 8% per annum simple interest for the first four years,
10% per annum for the next 6 years and 12% per annum
for the period beyond 10 years. I f he pays a total of Rs
l'ilbU as interest only at the end of 15 years, how much
money did he borrow?
[BSRB Mumbai PO, 1998]
a) Rs 8000 b) Rs 10000 c) Rs 12000 d) Rs 9000
Ashok borrowed some money at the rate of 6 per cent
per annum for the first two years, at the rate of 9 per cent
per annum for the next three years and at the rate of 14%
per cent per annum for the period beyond five years. I f
he pays a total interest of Rs 11400 at the ena of 9 years
how much money did he borrow?
[Bank of Baroda PO, 1999]
a) Rs 16,000 b) Rs 14,000 c) Rs 18,000 d) Rs 12,000

PRACTICE BOOK ON QUICKER MATHS

274
3.

4.

5.

Nelson borrowed some money at the rate of 6 per cent

per annum for the first three years, 9 per cent per annum
for the next five years and 13 per cent per annum for the
period beyond eight years. If the total interest paid by
him at the end of eleven years is Rs 8160, how much
money did he borrow?
[BSRB Chennai PO 2000|
a) Rs 12000
b)Rs 10000
c) Rs 8000
d) Data inadequate
Manish borrowed some money at the rate of 7 per cent
per annum for the first three years, 9 per cent per annum
for the next six years and 10 per cent per annum for the
period beyond nine years. I f the total interest paid by
him at the end of fifteen years is Rs 4050, how much
money did he borrow?
a)Rs2800 b) Rs 3600 c) Rs 3000 d) Rs 3500
Manoranjan borrowed some money at the rate of 5 per
cent per annum for the first two years, 4 per cent per
annum for the next four years and 3 per cent per annum
for the period beyond six years. If the total interest paid
by him at the end of eight years is Rs 3840, how much
money did he borrow?
a) Rs 12000 b)Rs 1200

c) Rs 8000

Exercise
1.

2.

3.

4.

5.

6.

d) Rs 6000
7.

Answers
l.a

Soln: Using the above formula, we have

100(4-1)
t=
= 60 years.

2. d

3.c

4. c

5. a

Rule 9
Theorem: If a sum of money becomes 'x'times in't'years

A sum of money becomes 6 times in 20 years at SI. Find

the rate of interest.
a) 20%
b) 15%
c) 16%
d) 25%
A sum of money becomes 4 times in 12 years at SI. Find
the rate of interest.
a) 25%
b)24%
c) 14%
d) 15%
A sum of money becomes 5 times in 20 years at SI. Find
the rate of interest.
a) 20%
b) 16%
c)25%
d) 10%
A sum of money becomes 3 times in 10 years at SI. Fina
the rate of interest.
a) 16%
b) 18%
c)20%
d) 25%
In what time does a sum of money become four times a:
the simple interest rate of 10% per annum?
a) 30 years b) 25 years c) 35 years d) 40 years
In what time does a sum of money become twice at the
simple interest rate of 5% per annum?
a) 25 years b) 24 years c) 20 years d) 16 years
In what time does a sum of money become thrice at the
simple interest rate of 8% per annum?
a) 30 years b) 15 years c) 20 years d) 25 years

Answers
l.d

2. a

3. a

4. c

5. a

6. c

7. d

\00(x-\)

o/

at SI, the rate of interest is given by

n.

Rule 10

Illustrative Examples

Theorem: A certain sum is invested for certain time,

Ex. 1: A sum of money doubles itself in 10 years at simple

interest. What is the rate of interest?
Soln: Detail Method: Let the sum be Rs 100
After 10 years it becomes Rs 200
Interest = 200 - 100 = 100

amounts to Rs A at r % per annum. But when invested

x

r % per annum, it amounts to Rs A , then the timt

2

given by

A d

^2 \
r

Then, rate

100/
:

Pt
Direct Formula:

100x100
100x10

10%

years.

Illustrative Example

100(2-1)

simple interest, then the time (t) is given by

Ex.:

xlOO

A2

Ex.:

10%
10
Ex. 2: A sum of money trebles itself in 20 years at SI. Find
the rate of interest.
100(3-1)
= 10%
Soln: Rate
20
Note: If a sum of money becomes x' times at the rate of r%
Using the above formula: rate

A certain sum is lhvestea'ior certain time, it amour

to Rs 80 at 5% per annum. But when invested at 2
per annum, it amounts to Rs 40. Find the time.
Soln: Applying the above formula, we have,
80-40
time =

-xl00 = 100 years.

Exercise
1.

lOOpr-l)

r
years.
In what time does a sum of money become four times
at the simple interest rate of 5% per annum?

40x5-80x2

2.

A certain sum is invested for certain time. It amounts

Rs 400 at 10% per annum. But when invested at 4% paannum, it amounts to Rs 200. Find the time.
a) 100 years b) 75 years c) 50 years d) 60 years
A certain sum is invested for certain time. It amounts
Rs 150 at 5% per annum. But when invested at 3% per

Simple Interest

3.

4.

5.

annum, it amounts to Rs 100. Find the time.

a) 120 years b) 100 years c) 80 years d) 60 years
A certain sum is invested for certain time. It amounts to
Rs 450 at 7% per annum. But when invested at 5% per
annum, it amounts to Rs 350. Find the time.
a) 50 years b) 60 years c) 45 years d) 40 years
A certain sum is invested for certain time. It amounts to
Rs 60 at 6% per annum. But when invested at 3% per
annum, it amounts to Rs 30. Find the time.
a) 15 years b) 20 years c) 5 years d) Not possible
A certain sum is invested for certain time. It amounts to
Rs 500 at 8% per annum. But when invested at 3% per
annum, it amounts to Rs 200. Find the time.
a) 100 years b) 200 years c) 50 years d) 300 years

4.

A certain sum is invested for certain time. It amounts to

Rs 500 at 8% per annum. But when invested at 3% per
annum, it amounts to Rs 200. Find the sum.
a)Rs20
b)Rs50
c) Rs 25
d) Rs 35

Answers
l.a

2. b

3. c

4. a

Rule 12
Theorem: A sum was put at SI at a certain rate for t years.
Had it been putatx% higher rate, it would havefetched Rs
\Ax\00~
'A'

more,

then

the

sum

is

Rs

or

More Interest x l 0 0

Answers
l.c
2. b
3. a
4. d; Hint: Applying the given rule,
60-30
30
cannot be defined.
required time =
30x6-60x3
0
5. d

Rule 11
Theorem: A certain sum is invested for certain time. It

Time x More Rate

Illustrative Example
Ex.:

A sum was put at SI at a certain rate for 2 years. Had

it been put at 3% higher rate, it would have fetched
Rs 300 more. Find the sum.
Soln: Detail Method: Let the sum be Rs x and the original
rate be y% per annum. Then, new rate = (y + 3)% per
annum.

amounts to Rs A at r % per annum. Rut when invested at

x

x(y + 3)x2

x(y)x2
= 300
100
100
xy + 3x-xy=
15,000
or, x = 5000
Thus, the sum = Rs 5000.
Quicker Method: Applying the above formula, we
have,

r % per annum, it amounts to Rs A , then the sum is

2

given by Rs

-Ah

Illustrative Example
Ex.:

A certain sum is invested for certain time. It amounts

to Rs 80 at 5% per annum. But when invested at 2%
per annum, it amounts to Rs 40. Find the sum.
Soln: Applying the above formula, we have
40x5-80x2
sum

5-2

40
.1
Rs =Rs 1 3 -

sum=

A certain sum is invested for certain time. It amounts to

Rs 400 at 10% per annum. But when invested at 4% per
annum, it amounts to Rs 200. Find the sum.
200
a)Rs

2.

3.

400
b)Rsl00

c)Rs

d) None of these

A certain sum is invested for certain time. It amounts to

Rs 150 at 5% per annum. But when invested at 3% per
annum, it amounts to Rs 100. Find the sum.
a)Rs50
b)Rs25
c) Rs 30
d) Rs 60
A certain sum is invested for certain time. It amounts to
Rs 450 at 7% per annum. But when invested at 5% per
annum, it amounts to Rs 350. Find the sum.
a) Rs 150
b) Rs 250
c) Rs 100
d) Rs 200

= Rs 5000.

2x3

Exercise
1.

Exercise
1.

2.

3.

4.

5.

A sum was put at SI at a certain rate for 3 years. Had it

been put at 4% higher rate, it would have fetched Rs
600 more. Find the sum.
a)Rs 5000 b)Rs4000 c) Rs 6000 d) Rs 3000
A sum was put at SI at a certain rate for 5 years. Had it
been put at 5% higher rate, it would have fetched Rs
500 more. Find the sum.
a) Rs 2500 b) Rs 2000 c) Rs 1500 d) Rs 1800
A sum was put at SI at a certain rate for 6 years. Had it
been put at 4% higher rate, it would have fetched Rs
960 more. Find the sum.
a)Rs3000 b)Rs 3500 c)Rs4000
d)Rs4500
A sum was put at SI at a certain rate for 4 years. Had it
been put at 4% higher rate, it would have fetched Rs
160 more. Find the sum.
a) Rs 1500 b) Rs 800
c) Rs 1200 d) Rs 1000
A sum was put at SI at a certain rate for 2 years. Had it

276

PRACTICE BOOK ON QUICKER MATHS

been put at 5% higher rate, it would have fetched Rs

125 more. Find the sum.
a) Rs 1250

b) Rs 1000

c) Rs 750

d) Rs 1500

Answers
I. a

2.b

3.c

4. d

Rs 560 in 3 years while in 5 years it amounts to Rs 600.

Find the sum and the rate of interest.
a) Rs 400, 5%
b) Rs 500, 4%
c) Rs 300, 5%
d) Rs 400, 4%

Answers

5. a

l.a

Rule 13
Theorem: If a certain sum of money amounts to Rs A in

2. b

3. c

4. c

5. a

6. c

7. b

Rule 14

t, years and to Rs A in t years, then the sum is given by

2

A t -At

2 x

"
*1'2

Ax\00~
A

Illustrative Example
Ex.:

A certain sum of money amounts to Rs 756 in 2 years

and to Rs 873 in 3.5 years. Find the sum and the rate
of interest.
Soln: Applying the above theorem, we have
873x2-756x3.5
the required answer

2-3.5
-900
= Rs 600
1.5

.-. sum = Rs600

SI = 756 - 600 = Rs 156
100x156
rate

Theorem: A sum was put at SI at a certain rate for t years.

Had it been put at x% lower rate, it would have fetched Rs

600x2

less,

3.

4.

5.

6.

7.

sum

is

Rs

txx

or

Time x Less rate

Ex.:

A sum was put at SI at a certain rate for 2 years. Had

it been put at 3% lower rate, it would have fetched Rs
300 less. Find the sum.
Soln: Quicker Method: Applying the above formula, we
have
300x100
Sum

2x3

Rs 5000.

Exercise

- 1 3 % per annum.

Exercise

2.

the

Less Interest x 100

1.

(Also see Rule 31]

1.

then

A certain sum of money amounts to Rs 550 in 3 years

and to Rs 650 in 4 years. Find the sum.
a)Rs 250
b)Rs 300
c)Rsl50
d) Rs 350
A certain sum of money amounts to Rs 758 in 4 years
and to Rs 875 in 6 years. Find the sum.
a)Rs 534
b) Rs 524
c) Rs 624
d)Rs434
A certain sum of money amounts to Rs 1125 in 5 years
and to Rs 1200 in 8 years. Find the sum.
a) Rs 900
b) Rs 500
c) Rs 1000 d) Rs 800
A certain sum of money amounts to Rs 625 in 4 years
and to Rs 680 in 5 years. Find the sum.
a)Rs 505
b)Rs 305
c)Rs405
d) Rs 504
A certain sum of money at simple interest amounts to Rs
379.50 in 3 years and to Rs 453.75 in TA years. Find the
sum and the rate of interest.
a) Rs 330, 5%
b) Rs 370, 5%
c) Rs 330, 4%
d) Rs 370, 4%
A sum of money lent out at simple interest amounts to
Rs 460 in 3 years while in 5 years it amounts to Rs 500.
Find the sum and the rate of interest.
a) Rs 400, 4%
b) Rs 300, 5%
c)Rs400, 5%
d) None of these
A sum of money lent out at simple interest amounts to

2.

3.

4.

5.

A sum was put at SI at a certain rate for 4 years. Had it

been put at 5% lower rate, it would have fetched Rs 100
less. Find the sum.
a) Rs 500
b) Rs 5000 c) Rs 400
d) Rs 4000
A sum was put at SI at a certain rate for 5 years. Had it
been put at 2% lower rate, it would have fetched Rs 150
less. Find the sum.
a) Rs 1000 b) Rs 1500 c) Rs 1800 d) Rs 2000
A sum was put at SI at a certain rate for 3 years. Had it
been put at 4% lower rate, it would have fetched Rs 600
less. Find the sum.
a) Rs 500
b) Rs 4000 c) Rs 5000 d) Rs 6000
A sum was put at SI at a certain rate for 2 years. Had it
been put at 7% lower rate, it would have fetched Rs 280
less. Find the sum.
a) Rs 1500 b) Rs 1800 c) Rs 2800 d) Rs 2000
A sum was put at SI at a certain rate for 4 years. Had it
been put at 6% lower rate, it would have fetched Rs 720
less. Find the sum.
a) Rs 3000 b) Rs 4000 c) Rs 3500 d) Rs 2400

Answers
l.a

2. b

3.c

4. d

5. a

Rule 15
Theorem: Rs X is divided into two parts such that if one
part be invested at r, % and the other at r %, the annual
2

interest from both the investments is Rs A. Then the first

277

Simple Interest

ers. For one loan, he paid 5% per annum and for the
other, he paid 7% per annum. The total interest paid for
two years was Rs 265. How much did he borrow at each
rate?
[MBA '19861
a)Rs2125, Rs 375
b) Rs 2000, Rs 500
c) Rs 1875, Rs 625
d) None of these

\00A-r X
2

part is given by

Illustrative Example
Ex.:

Rs 4000 is divided into two parts such that if one part

be invested at 3% and the other at 5%, the annual
interest from both the investments is Rs 144. Find
each part.
Soln: Detail Method:
Let the amount lent at 3% rate be Rs x,
then 3% of* + 5% o f (4000-x) = 144
or, 3x + 5 * 4000 - 5x = 14400
or, 2x = 5600 .-. x = 2800
Thus, the two amounts are Rs 2800 and
Rs (4000-2800) or Rs 1200
Quicker Method: Applying the above theorem, we
have,
the first part =

100x144-5x4000
3-5
-5600

Exercise

2.

3.

4.

5.

6.

1. b; Hint: Let the amount borrowed second time be Rs x.

.-. X = Rs (15000 + x), A

Anish borrowed Rs 15000 at the rate of 12% and an

other amount at the rate of 15% for two years. The total
interest paid by him was Rs 9000. How much did he
borrow?
[BSRB Hyderabad PO, 1999]
a) Rs 32000 b) Rs 33000 c) Rs 30000 d) Rs 63000
Aniket deposited two parts of a sum of Rs 25000 in different banks at the rates of 15% per annum and 18% per
annum respectively. In one year he got Rs 4050 as the
total interest. What was the amount deposited at the rate
of 18% per annum?
| BSRB Patna PO, 2001 ]
a)Rs 9000
b)Rs 18000
c) Rs 15000
d) None of these
A man had Rs 2000, part of which he lent at 5 per cent
and the rest at 4 per cent. The whole annual interest was
Rs 92. How much did he lend at 5 per cent?
a)Rsl200 b)Rs 800
c) Rs 700
d) Rs 1300
Sudarshan had Rs 1500, part of which he lent at 3 per
cent and the rest at 2 per cent. The whole annual interest
was Rs 32. How much did he lend at 2 per cent?
a)Rs200
b ) R s l 3 0 0 c) Rs 300
d) Rs 1200
Saket deposited two parts of a sum of Rs 12500 in different banks at the rates of 15% per annum and 18% per
annum respectively. In one year he got Rs 2025 as the
total interest. What was the amount deposited at the rate
of 15% per annum?
a) Rs 5000 b) Rs 6500 c) Rs 7500 d) Rs 8000
A milk man borrowed Rs 2,500 from two money lend-

9000
Rs = Rs 4500

[Since total interest is given for 2 years.]

fj =12% and r =15%
2

Now, applying the above formula, we have

100x4500-15(l5000 + x) _ '
12-15
or,x = Rs 18000
.-. Total amount borrowed = Rs 15000 + Rs 18000 = Rs
33000
2. d; Hint: Applying the formula, we have
the amount deposited at the rate of 15% per annum
100x4050-18x25000

= Rs 2800 and

the second part = Rs 4000 - Rs 2800 = Rs 1200.

1.

Answers

15-18
= Rs 15000
.-. Amount deposited at the rate of 18% per annum
= Rs 25000-Rs 15000
= Rs 10000.
3. a
4. b
5. c
6. a

Rule 16
Theorem :Ata certain rate of simple interest Rs X amounted
to Rs A in fj years. If the rate of interest be decreased by
r%, then after t

years the new interest is given by Rs

~(A-X

^100

J 2.

Illustrative Example
Ex.:

At a certain rate of simple interest Rs 800 amounted

to Rs 920 in 3 years. I f the rate of interest be decreased by 3%, what will be the amount after 3 years.
Soln: Detail Method:
120x100 . . .
First rate of interest = r- -J/O
800x3
New rate = 5 - 3
New Interest

2%
800x3x2

100

Rs 48

.-. New amount = 800 + 48 = Rs 848

Quicker Method: Applying the above formula,

278

PRACTICE BOOK ON QUICKER MATHS

920-800
New Interest

3x800
100

New rate = 5 + 3 = 8%
x3

800x3x8

Rs 192
100
.-. New Amount = 800 + 192 = Rs 992.
Quicker Method: Applying the above formula, we
have
New Interest =

= (40 - 24)3 = Rs 48.

.-. New Amount = 800 + 48 = Rs 848.

Exercise
1.

2.

3.

4.

5.

At a certain rate of simple interest Rs 400 amounted to

Rs 460 in 3 years. If the rate of interest be decreased by
3%, what will be the amount after 3 years?
a)Rs424
b)Rs484
c) Rs 242
d) Rs 848
At a certain rate of simple interest Rs 900 amounted to
Rs 1260 in 4 years. I f the rate of interest be decreased
by 2%, what will be the amount after 4 years?
a)Rsl338 b ) R s l l 8 8 c ) R s l 3 7 8 d ) R s l l 2 8
At a certain rate of simple interest Rs 1600 amounted to
Rs 1840 in 5 years. I f the rate of interest be decreased
by 3%, what will be the amount after 5 years?
a) Rs 1720 b) Rs 1680 c) Rs 1600 d) Not possible
At a certain rate of simple interest Rs 1220 amounted to
Rs 1320 in 2 years. I f the rate of interest be decreased
by 3%, what will be the amount after 5 years?
a)Rsl387 b ) R s l 2 8 7 c) Rs 1278 d) Rs 1388
At a certain rate of simple interest Rs 1230 amounted to
Rs 1550 in 5 years. I f the rate of interest be decreased
by 4%, what will be the amount after 6 years?
a) Rs 1320 b) Rs 1320.8 c) Rs 1318.8 d) Rs 1638.8

Answers
l.a

920-800

Exercise
1.

2.

3.

4.

2. b
1840-1600

3. c; Hint: New interest

3x1600
100

= (48 - 48)5 = 0
.-. New amount = Rs 1600 + 0 = Rs 1600
4. b
5. c

Rule 17

5.

6.

Theorem: At a certain rate of simple interest Rs X amounted

to Rs A in f, years. If the rate of interest be increased by
r% then after t years the new interest is given by Rs
2

7.

(rX\

LI 'i 3 l i o o j
Illustrative Example
Ex.:

At a certain rate of simple interest Rs 800 amounted

to Rs920 in 3 years. If the rate of interest be increased
by 3%, what will be the amount after 3 years?
Soln: Detail Method:
120x100
First Rate of interest =

800x3

3x800

x3
100
= (40 + 24)3 =64 x 3 = Rs 192.
.-. New Amount = 800 + 192 = Rs 992.

The New Interest =

At a simple interest Rs 800 becomes Rs 956 in three

years. I f the interest rate is increased by 3%, how much
would Rs 800 become in three years?
a) Rs 1020.80
b)Rsl004
c) Rs 1028
d) Data inadequate
At a simple interest Rs 900 becomes Rs 1060 in 4 years.
I f the interest rate is increased by 2%, how much would
Rs 900 become in 5 years?
a)Rs 1206
b)Rs 1206.50
c)Rsll90
d)Rs 1260.70
At a simple interest Rs 850 becomes Rs 1250 in 5 years.
I f the interest rate is increased by 5%, how much would
Rs 850 become in 4 years?
a)Rsl340
b)Rsl430
c) Rs 1340.50
d) None of these
At a simple interest Rs 1240 becomes Rs 1340 in 4 years.
If the interest rate is increased by 2%, how much would
Rs 1240 become in 3 years?
a) Rs 1839.40
b) Rs 1389
c)Rs 1380.40
d)Rs 1389.40
At a simple interest Rs 1300 becomes Rs 1550 in 5 years.
If the interest rate is increased by 3%, how much would
Rs 1300 become in 2 years?
a)Rsl478 b ) R s l 7 4 8 c ) R s l 5 7 8 d ) R s l 8 7 4
At a simple interest Rs 1400 becomes Rs 1727 in 3 years.
If the interest rate is increased by 4%, how much would
Rs 1400 become in 6 years?
a)Rs2490 b) Rs 2390 c) Rs 2890 d) Rs 2590
Rs 1,200 amounts to Rs 1,632 in 4 years at a certain rate
of simple interest. I f the rate of interest is increased by
1%, it would amount to how much?
[BankPO, 19911
a) Rs 1635 b) Rs 1644 c) Rs 1670 d) Rs 1680

Answers
1. c; Hint: Applying the above theorem, we have,
the new interest =

5%
2. c

956-800

3x800

100

x 3

=Rs228

.-. required answer = Rs 800 + Rs 228 = Rs 1028

3. a
4. d
5. a
6. b
7. d

Simple Interest

Rule 18 y

Rule 197

Theorem: The simple interest on a sum of money will be

Theorem: The simple interest on a sum of money will be
Rs x after't' years. If in the next V years principal beRs x after t years. If in the next t years principal becomes n times, then the total interest at the end of the '2t'th
comes n times, then the total interest at the end
of(t +t )th
year is given by Rs f(n + l)xj.
x

Illustrative Example
Ex.:

The simple interest on a sum of money will be Rs 300

after 5 years. In the next 5 years principal is trebled,
what will be the total interest at the end of the 10th
year?
Soln: Detail Method:
Pxrxt
SI

; Here SI = Rs 300, t = 5 years given.

100
Pxrx5

300

year is given by Rs x

1+

Note: Rule - 18 is a special case of this rule.

In rule -18, t = t = t, hence we have
x

the formula like [x (1 + n)].

Illustrative Example
Ex.:

5Pr = 300xl00

100

(0

Now, we calculate SI for next 5 years.

3Pxrx5

The simple interest on a sum of money will be Rs 300

after 4 years. In the next 6 years principal becomes 4
times, what will be the total interest at the end of the
10th year?
Soln: Detail Method:

[ v In the next 5 years Principal (P)

100
is trebled.]
From equation (i)
3x300x100
= Rs 900.
SI =
100
.-. Total SI at the end of 10th year
= Rs 300 + Rs 900 = Rs 1200.
Quicker Method: Applying the above theorem, we
have,

SI =

Pxrx4
Simple Interest for 4 years

2.

3.

4.

a)Rs 760

b)Rs 850

Answers
l.b

2. a

3.c

4. a

c) Rs 750

d) Rs 780

Rs300

100

Simple interest for the next 6 years

4Pxrx6
:

100

[ . P becomes four times in the next 6 years]

From equation (i)
300x100x6
SI =

100

Rs 1800.

Total simple interest at the end of 10th year

= Rs 300 + Rs 1800 = Rs 2100.
Quicker Method: Applying the above formula, we
have
the total simple interest at the end of 10th year

Exercise
The simple interest on a sum of money will be Rs 250
after 6 years. In the next 6 years principal is doubled,
what will be the total interest at the end of the 12th year?
a)Rs 850
b)Rs 750
c)Rs650 d) None of these
The simple interest on a sum of money will be Rs 400
after 3 years. In the next 3 years principal becomes 4
times, what will be the total interest at the end of the 6th
year?
a) Rs 2000 b) Rs 2500 c) Rs 1800 d) Rs 1600
The simple interest on a sum of money will be Rs 150
after 4 years. In the next 4 years principal becomes 5
times, what will be the total interest at the end of the 8th
year?
a)Rs 950
b)Rs 850
c) Rs 900
d) Rs 860
The simple interest on a sum of money will be Rs 190
after 7 years. In the next 7 years principal becomes 3
times, what will be the total interest at the end of the
14th year?

=$ 4Pr = 300 x 100 .... (i)

the required Simple Interest = ( 3 + l)300 = Rs 1200.

1.

= 300 ; H - |>

= 300x7

= Rs2100.

Exercise
1

The simple interest on a sum of money will be Rs 450

after 6 years. In the next 8 years principal becomes 3
times, what will be the total interest at the end of the
14th year?
a)Rs2250
b)Rsl250
c)Rs2050
d) None of these
The simple interest on a sum of money will be Rs 235
after 5 years. In the next 7 years principal becomes 5
times, what will be the total interest at the end of the
12th year?
a) Rs 1980 b) Rs 1080 c) Rs 1880 d) Rs 1860
The simple interest on a sum of money will be Rs 165

PRACTICE BOOK ON QUICKER MATHS

4.

5.

after 2 years. In the next 4 years principal becomes 2

times, what will be the total interest at the end of the 6th
year?
a)Rs 835
b) Rs 825
c) Rs 625 d) None of these
The simple interest on a sum of money will be Rs 225
after 3 years. In the next 5 years principal becomes 3
times, what will be the total interest at the end of the 8th
year?
a)Rsl250 b ) R s l 3 3 0 c ) R s l 3 6 0 d) Rs 1350
The simple interest on a sum of money will be Rs 625
after 4 years. In the next 12 years principal becomes 8
times, what will be the total interest at the end of the
16th year?

Exercise
1.

2.

3.

a) Rs 16525 b) Rs 16625 c) Rs 15625 d) Rs 15525

Answers
4. d

3. b

l. a

5. c

Rule 20
Theorem: A sum of Rs X is lent out in n parts in such a

4.

way that the interest on first part at i\ for /, years, the

interest on second part at r % for t years the interest on
2

third part at r % for t years, and so on, are equal, the

3

ratio in which the sum was divided in n parts is given by

5.

_L-J_-_L- _ L

A sum of Rs 1440 is lent out in three parts in such a way

that the interests on first part at 2% for 3 years, second
part at 3% for 4 years and third part at 4% for 5 years are
equal. Then find the difference between the largest and
the smallest sum.
a)Rs460
b)Rs 560
c) Rs 400
d) Rs 200
A sum of Rs 2560 is lent out in two parts in such a way
that the interest on one part at 4% for 5 years is equal to
that on another part at 3% for 4 years. Find the two sums,
a) Rs 960, Rs 1600
b) Rs 560, Rs 2000
c) Rs 860, Rs 1700
d) Rs 900, Rs 1660
A sum of Rs 1085 is lent out in two parts in such a way
that the interest on one part at 9% for 3 years is equal to
that on another part at 18% for 2 years. Find the two
sums.
a) Rs 620, Rs 465
b) Rs 600, Rs 485
c) Rs 520, Rs 565
d) Rs 630, Rs 655
A sum of Rs 1521 is lent out in two parts in such a way
that the interest on one part at 10% for 5 years is equal
to that on another part at 8% for 10 years. Find the two
sums.
a) Rs 926, Rs 595
b) Rs 906, Rs 615
c)Rs916, Rs605
d) Rs 936, Rs 585
A sum of Rs 2525 is lent out in two parts in such a way
that the interest on one part at 7% for 4 years is equal to
that on another part at 6% for 7 years. Find the difference between the two parts of the sum.
a)Rs 505
b ) R s l 5 1 5 c)Rsl010 d) None of these

Note: Compare this rule with Rule - 24. In this rule interest on different parts of the sum are equal. Whereas
in Rule - 24 amounts of different parts of the sum
become equal after different time periods.

Answers

Illustrative Example

1. b; Hint: Required ratio = : r r - - r = 10:5:3

2 x j j x 4 4x5

A sum of Rs 2600 is lent out in two parts in such a

way that the interest on one part at 10% for 5 years is
equal to that on another part at 9% for 6 years. Find
the two sums.
Soln: Detail Method:
1st Part x 5 x 1 0
2nd Part x 6 x 9
Each Interest
100
100
1st Part
6 x 9 _ 27
or. 2nd Part 5 x 1 0 ~ 25 = 27:25

u^Pf

Ex.:

2600

x27
Rs 1350
27 + 25
and 2nd Part = 2 6 0 0 - 1350 = Rs 1250
Quicker Method: If we use the above theorem,
1 1
54 : 50 = 27 : 25
50 54
2600
x27 = R 1350 and
1 st Part =
27 + 25
2nd Part 2 6 0 0 - 1350 = Rs 1250.

1 st Part

1st part = Rs 800, second part = Rs 400 and

third part = Rs 240
.-. required answer = Rs 800 - Rs 240 = Rs 560
2. a
3. a
4. d
5. a; Hint: Two parts will be Rs 1515 and Rs 1010
.-. difference = Rs 1515-Rs 1010 = Rs 505

Rule 21
Theorem: If a sum of money becomes 'n' times at the simple
interest rate of r% per annum, then it will become'm' times
at the simple interest rate of

Li J

xr

per cent.

Illustrative Example
Ex.:

A sum of money becomes four times at the simple

interest rate of 5% per annum. At what rate per cent
will it become sevenfold?

Simple Interest

281

Soln: Applying the above formula, we have

7-

the required rate

4-1

Quicker Method: Applying the above formul;.

have

x5 = 10 percent.

1.

2.

3.

A sum of money becomes three times at the simple interest rate of 4% per annum. At what rate per cent will it
become six fold?
a) 10%
b) 12%
c)8%
d) None of these
A sum of money becomes eight times at the simple interest rate of 7% per annum. At what rate per cent will it
become four fold?
a) 3%
b)3.5%
c)4%
d) 2%
A sum of money becomes five times at the simple interest rate of 8% per annum. At what rate per cent will it
become seven fold?
a) 6%
b) 10%
c) 12%
d) 14%
A sum of money becomes two times at the simple interest rate of 2% per annum. At what rate per cent will it
become five fold?
a) 10%
b) 8%
c) 6%
d) 9%
A sum of money becomes six times at the simple interest rate of 5% per annum. At what rate per cent will it
become twelve fold?
a) 10%

b) 12%

c)9%

575
28-5

2. a

3.c

4. b

1.

2.

3.

5.

Theorem: A certain sum of money amounted to Rs A at

x

r. % in a time in which Rs P amounted to Rs A at r %. If

2

the rate of interest is simple, then the sum is given by Rs

575x20
23

Rs 500.

Exercise

5. d

Rule 22 f

750x4

20

4.

d) 11%

575

840x5
4

Answers
l.a

575

Sum =

Exercise

A certain sum of money amounted to Rs 710 at 7% in a

time in which Rs 700 amounted to Rs 910 at 5%. If the
rate of interest is simple, find the sum.
a)Rs 500
b)Rs450
c) Rs 650
d) Rs 600
A certain sum of money amounted to Rs 810 at 4% in a
time in which Rs 450 amounted to Rs 720 at 3%. If the
rate of interest is simple, find the sum.
a)Rs 500
b)Rs450
c) Rs 600
d)Rs475
A certain sum of money amounted to Rs 825 at 7% in a
time in which Rs 560 amounted to Rs 960 at 6%. I f the
rate of interest is simple, find the sum.
a)Rs 550
b)Rs475
c) Rs 650
d) Rs 450
A certain sum of money amounted to Rs 765 at 8% in a
time in which Rs 640 amounted to Rs 750 at 5%. If the
rate of interest is simple, find the sum.
a)Rs650
b)Rs 600
c) Rs 700
d)Rs450
A certain sum of money amounted to Rs 1020 at 9% in a
time in which Rs 720 amounted to Rs 880 at 4%. I f the
rate of interest is simple, find the sum.
a)Rs680
b)Rs 780
c) Rs 700
d) Rs 580

Answers
l.a

2. b

3.d

4. b

5. a

Rule 23
+

' A\

Theorem: A certain sum of money amounts to Rs A in t

l 2J

years at r% per annum, then the time in which it will amount

2r

Pr

Note: I f

% = r %, the formula becomes

2

-xP

to Rs A

at the same rate of interest is given by

100
t+-

Illustrative Example
Ex.:

A certain sum of money amounted to Rs 575 at 5% in

a time in which Rs 750 amounted to Rs 840 at 4%. I f
the rate of interest is simple, find the sum.
Soln: Detail Method:
Interest = Rs 840 - Rs 750 = Rs 90
90x100
=3
years.
750x4
Now, by the formula,
Time

Sum

100
T

years.

Illustrative Example
Ex.:

A certain sum of money amounts to Rs 2613 in 6

years at 5% per annum. In how many years will it
amount to Rs 3015 at the same rate?
Soln: Detail Method:

100 x Amount

100x575

100+ rt

100 + 3x5

Principal
Rs 500.

IGOxAmount

100x2613

100 + r/

100 + 30

= Rs2010

[See Rule - 26].

PRACTICE BOOK ON QUICKER MATHS

282
Again,
2010:

100x3015

100x3015-100x2010

100x5?

2010

100x1005

10 years.
2010x5
Quicker Method: Applying the above theorem,

get the same amount after 2, 3, and 4 years respectively. If the rate of simple interest is 5% then find the
ratio in which the amount was invested for A, B and
C?
Soln: Quicker Method: Following the above theorem,
the required ratio

100 + 2x5
the required time

3015
= 2613

100

100
1

IF

100 + 3x5 100 + 4x5

~ 110 ' 1 1 5 ' 120

3015

Exercise
1.

Exercise
1.

2.

3.

4.

5.

= 276 : 264 : 253.

x 2 6 - 2 0 = 3 0 - 2 0 = 10 years.

2613

A certain sum of money amounts to Rs 4800 in 5 years

at 4% per annum. In how many years will it amount to
Rs 5120 at the same rate?
a) 6 years
b) 7 years
c) 8 years
d) 9 years
A certain sum of money amounts to Rs 456 in 2'A years
at 8% per annum. In how many years will it amount to
Rs 608 at the same rate?
a) 614 years b) 12VJ years c) 7!4 years d) 6% years
A certain sum of money amounts to Rs 5000 in 5 years
at 10% per annum. In how many years will it amount to
Rs 6000 at the same rate?
a) 8 years
b) 6 years
c) 10 years d) 9 years
A certain sum of money amounts to Rs 1572 in 4 years
at 5% per annum. In how many years will it amount to
Rs 1703 at the same rate?
a) 5 years
b) 6 years
c) 7 years
d) 8 years
A certain sum of money amounts to Rs 1400 in 8 years
at 5% per annum. In how many years will it amount to
Rs 1500 at the same rate?
a) 10 years
b) 8 years
c) 12 years
d) None of these

2.

3.

4.

Answers
l.b

2. c

3. a

4. b

5. a

Rule 24
Theorem: When different amounts mature to the same
amount at simple rate of interest, the ratio of the amounts
invested are in inverse ratio of (100 + time x rate). That is,
the ratio in which the amounts are invested is
1

100 + r,/,

100 + r,r

5.

1
2

100 + r /
3

100+ rt

Note: Also see Rule - 20. Try to understand the difference

between these two rules.

Illustrative Example
Ex.:

A man invests an amount of Rs 15,860 in the names

of his three sons A, B, and C in such a way that they

Rs 7930 is so divided into three parts such that their

amounts after 2, 3 and 4 years respectively are equal,
the simple interest being at the rate of 5% per annum.
Find the difference between the greatest and the smallest parts of the sum.
a)Rs250
b)Rs 230
c) Rs 280
d) Rs 330
Rs 8829 is divided into three parts in such a way that
their amounts at 4% per annum simple interest after 5,6
and 8 years are equal. Find each part of the sum.
a) Rs 3069, Rs 2970, Rs 2790
b) Rs 3609, Rs 2970, Rs 2790
c) Rs 3089, Rs 2970, Rs 2790
d) Rs 3069, Rs 2960, Rs 2760
Rs 7914 is divided into three parts in such a way that the
first part at 3% per annum after 8 years, the second part
at 4% per annum after 5 years and third part at 6% per
annum after 2 years give equal amounts. Find each part.
a) Rs 2520, Rs 2604, Rs 2790
b) Rs 2620, Rs 2504, Rs 2790
c) Rs 2520, Rs 2704, Rs 2690
d) None of these
Divide Rs 2379 into three parts so that their amounts
after 2, 3 and 4 years respectively may be equal, the rate
of interest being 5 per cent per annum.
a) Rs 838, Rs 782, Rs 759
b) Rs 828, Rs 792, Rs 759
c) Rs 828, Rs 782, Rs 769
d) None of these
A sum of Rs 18750 is left by will by a father to be divided between two sons of 12 and 14 years of age, so
that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present
to each son.
a) Rs 9000, Rs 9750
b) Rs 8000, Rs 1750
c) Rs 9500, Rs 9250
d) None of these

Answers
l.b

2. a

3. a

4. b

Simple Interest
5. a; Hint: Required ratio

Illustrative Example

Ex.:

100 + ( l 8 - 1 2 ) x 5 ' 100 + ( l 8 - 1 4 ) x 5

=

- L J _ = 12:13
:

130 120

A person lent a certain sum of money at 4% simple

interest, and in 8 years the interest amounted to Rs
340 less than the sum lent. Find the sum lent.
Soln: Detail Method: Let the sum be Rs x.

18750 ,
Sum allotted to first son = TZ~r^
= Rs 9000
12 +1 J
18750 ,
Sum allotted to second son = ' J = Rs 9750
12+ 1 j

Interest

xl2

x x 8 x 4 _ 32x
:

"Too

100

From the question,

32x _

Rule 25

32x = 100x-34000

Theorem: There is a direct relationship between theprin-

34000

100x Amount
cipal and the amount and is given by sum =

Rs 500
68
Quicker Method: Applying the above theorem, we
have
100x340
340x100
Sum
Rs 500.
100-8x4
68
x =

100 + //

Illustrative Example
Ex.:

A certain sum of money amounts to Rs 2613 in 6

years at 5% per annum. Find the sum.
Soln: Applying the above formula, we have
100x2613

t h e s u m

=loo+^o-=

R s 2 0 1

Exercise
1.

Exercise
1.

What principal will amount to Rs 274.05 in 2 years 6

months at 3'/2% per annum simple interest?
a)Rs 252
b)Rs250
c) Rs 248
d) Rs 270
What principal will amount to Rs 560 in 3 years at 4 per
cent per annum simple interest?
a)Rs 540
b)Rs500
c) Rs 550
d) Rs 560
Find the sum of money that will amount to Rs 5105 in
654 years at 4% per cent per annum simple interest.
a)Rs3600 b)Rs4500 c)Rs4000 d)Rs4400
Find to the nearest rupee, what principal amount to Rs
3456.50 at 554 per cent in 4 years?
a)Rs2832 b) Rs 2633 c) Rs 2732 d) Rs 2833
What principal will amount to Rs 6133.75 in 3 years 9
months at 254 per cent?
a)Rs 5806 b) Rs 5608 c) Rs 5506 d) Rs 5508

2.

3.

4.

5.

2.

3.

4.

5.

Answers
l.a

2. b

3. c

4. d; Hint: Principal

100 + 22

l.b

2. a

3. b

4. a

5. b

Rs 2833.2 (nearly)

Theorem: A person lent a certain sum of money at r%

I imple interest and in't'years the interest amounted to Rs
A less than the sum lent, then the sum lent is given by Rs

100-/7

A person lent a certain sum of money at 5% simple interest, and in 6 years the interest amounted to Rs 350
less than the sum lent. Find the sum lent.
a)Rs600
b)Rs 500
c) Rs 650
d)Rs450
A person lent a certain sum of money at 4% simple interest, and in 3 years the interest amounted to Rs 880
less than the sum lent. Find the sum lent.
a)Rsl000 b ) R s l 2 5 0 c ) R s l l 0 0 d)Rs!200
A person lent a certain sum of money at 754% simple
interest, and in 1254 years the interest amounted to Rs
625 less than the sum lent. Find the sum lent.
a) Rs 5000 b) Rs 10,000 d) Rs 1 00 d) Rs 1200
A person lent a certain sum of money at 4% simple interest, and in 4 years the interest amounted to Rs 336
less than the sum lent. Find the sum lent.
a)Rs400
b).Is 450
c) Rs 500
d) Rs 560
A person lent a certain sum of money at 4% simple interest, and in 5 years the interest amounted to Rs 520
less than the sum lent. Find the sum lent.
a)Rs 600
b)Rs650
c) Rs 700
d) Rs 750

Answers
100x3456.5

Rule 26

\00A

340

100 ~

Rule 27
Theorem: If a sum of money becomes 'n'times in't' years
at a simple interest, then the time in which it will amount to
(m-l)
'//i' times itself is given by I

_ j j t years.

Illustrative Example
Ex.:

A sum of money doubles itself in 4 years at a simple

interest. In how many years will it amount to 8 times

PRACTICE BOOK ON QUICKER MATHS

284
itself?
Soln: Applying the above formula, we have,
the required time

I
:

2-1

2.

x4 = 28 years.

Exercise
1.

2.

3.

4.

5.

6.

3.

A sum of money becomes 4 times itself in 3 years at a

simple interest. In how many years will it amount to 7
times itself?
a) 6 years
b) 12 years c) 8 years d) None of these
A sum of money becomes 3 times itself in 3 years at a
simple interest. In how many years will it amount to 5
times itself?
a) 8 years
b) 6 years
c) 7 years
d) 5.5 years
A sum off money becomes 5 times itself in 5 years at a
simple interest. In how many years will it amount to 7
times itself?
a) 7 years
b) 6 years 6 months
c) 6 years
d) 7 years, 6 months
A sum of money becomes 5 times itself in 4 years at a
simple interest. In how many years will it amount to 9
times itself?
a) 8 years
b) 10 years c) 9 years
d) 8 Vi years
A sum of money doubles itself in 20 years, in how many
yea." would it treble itself?
a) 30 years b) 40 years c) 50 years d) 60 years
A sum of money doubles itself in 5 years. It will become
4 times of itself in
(Clerical Grade Exam, 19911
a) 10 years b) 12 years c) 15 years d) 20 years

5.

a) 10 years

b) 9 years

c) 8 years

d) 6 years

Answers
l.c

2. b

3c

4. d

5. a

Rule 29
Theorem: Two equal amounts of money are deposited at
r/a and r % for /, and i years respectively. If the dif2

ference between their interests is I

then the sum =

/jxlQQ

r-yt
2'2

Illustrative Example
Ex.:

Two equal amounts of money are deposited in two

banks each at 15% per annum for 3.5 years and 5
years respectively. If the difference between their interests in Rs 144, find each sum.
Soln: Detail Method: Let the sum be Rs x, then

Answers
l.a

4.

a) 5 years
b) 8 years
c) 10 years d) 12 years
The simple interest on Rs 601 will be less than the interest on Rs 726 at 5% simple interest by Rs 25. Find the
time.
a) 3 years
b) 4 years
c) 5 years
d) 6 years
1 he simple interest on Rs 750 will be less than the interest on Rs 845 at 10% simple interest by Rs 57. Find the
time.
a) 5 years
b) 4 years
c) 6 years
d) 7 years
The simple interest on Rs 750 will be less than the interest on Rs 900 at 8% simple interest by Rs 60. Find the
time.
a) 3 years
b) 4 years
c) 9 years
d) 5 years
The simple interest on Rs 1250 will be less than the interest on Rs 1400 at 3% simple interest by Rs 45. Find
the time.

2. b

3.d

4. a

5, b

6. c

Rule 28
Theorem: If the simple interest on Rs P is less than the
x

X x 15 x 5

xxl5x7

100

200

interest on Rs P at r% simple interest by Rs A, then the

2

or, 150*- 105*= 144 x 200

/IxlOO

1 years.

time is given by

144x200

= Rs 640
45
Quicker Method: Applying the above formula, we
have,
144x100
144x100
Sum
Rs 640.
15x5-15x3.5
22.5
.-. * =

Illustrative Example
Ex

The simple interest on Rs 1650 will be less than the

interest on Rs 1800 at 4% simple interest by Rs 30.
Find the time.
Soln: Applying the above formula, we have,
Time =

30x100

_ 30x100 _

4(1800-1650) ~ 4x150 ~

Exercise

y C a r S

'

1.

Exercise
I.

144

The simple interest on Rs 825 will be less than the interest on Rs 900 at 2% simple interest by Rs 15. Find the
time

2.

The simple interest on a certain sum of money at 4% per

annum for 4 years is Rs 80 more than the interest on the
same sum for 3 years at 5% per annum. Find the sum.
a) Rs 8000 b) Rs 8500 c) Rs 9000 d) Rs 4500
"Die simple interest in 14 months on a certain sum at the
rate o f 6 per cent per annum is Rs 250 more than the

285

mple Interest
interest on the same sum at the rate of 8 per cent in 8
months. How much amount was borrowed?
[BSRB Bangalore PO, 2000]
a) Rs 15000 b) Rs 25000 c) Rs 7500 d) Rs 14500
The difference in simple interests on a certain sum of
money for 3 years and 5 years at 18% per annum is Rs
2160. Then the sum is
.
a)Rs6500 b) Rs 4500 c) Rs 6000 d) Rs 7500
The difference in simple interests on a certain sum at
5% for 4 years and 6% for 3 years is Rs 20. Find the
sum.
a) Rs 1000 b) Rs 1200 c) Rs 800
d) Rs 900
The difference in simple interests on a certain sum at
4% per annum for 3 years and at 5% per annum for 2
years is Rs 50. Find the sum.
a)Rs5000 b)Rs4000 c) Rs 3000 d)Rs2500
The difference in simple interests earned on a certain
sum of money at 6% per annum at the end of 2 years and
at the end of 4 years is Rs 1200. What is the sum?
a) Rs 5000 b) Rs 7000 c) Rs 10000 d) Rs 9000

i*swers

the difference between their rates

2.5x100
= 0.25%
500x2

Exercise
1.

2.

3.

4.

5.

t Hint: Here Id = Rs 80, r, = 4%, r, = 4 years

r = 5% and t - 3 years.
2

The difference between the interest received from two

different banks on Rs 450 for 4 years is Rs 18. Find the
differene between their rates.
a) 2%
b) 1%
c) 1.5%
d)3%
The difference between the interest received from two
different banks on Rs 150 for 5 years is Rs 15. Find the
differene between their rates.
a) 2%
b) 1%
c)2.5%
d) 1.5%
The difference between the interest received from two
different banks on Rs 200 for 3 years is Rs 60. Find the
differene between their rates.
a) 5%
b)7%
c)10%
d)9%
The difference between the interest received from two
different banks on Rs 600 for 6 years is Rs 72. Find the
differene between their rates.
a) 3%
b)3.5%
c)4%
d) 2%
The difference between the interest received from two
different banks on Rs 750 for 2 years is Rs 90. Find the
differene between their rates.

250x100

I Hint: Sum

a) 4%

c)8%

d) None of these

Answers

Rs 15000

l.b

x6
x8
12
12
6. c
5.d

4. a

b)6%

2. a

3. c

4. d

5. b

Rule 31
Theorem: If a sum amounts to Rs A in t years and Rs
X

Rule 30

in t-, years at simple rate of interest, then rate per an-

rem: If the difference between the interest received

two different banks on RsXfor tyears isRs I , then
d

IOO[A -A ]
2

num

I xl00
d

difference between their rates is given by

Xxt

Illustrative Example
Ex.:

sent.

trative Example
The difference between the interest received from two
different banks on Rs 500 for 2 years is Rs 2.5. Find
the differene between their rates.
Detail Method:
500x2x_r

ioo~

= 10r,

500x2xr
I =
2

/, -l =\0r

=2.5

, -r

= = 0.25%
10

o r

'

,
- = 10r

100

A sum of money at simple interest amounts to Rs 600

in 4 years and Rs 650 in 6 years. Find the rate of
interest per annum.
Soln: Detail Method: Suppose the rate of interest = r%
and the sum = Rs A
Now, A +

>

<

100

= 600 or, A + = 600

25

or, A 1 + - = 600 ...(1)

25

Quicker Method: Applying the above theorem, we

have,
|

. , . Axrx6
...
And A +
= 650
100
or, A 1 +jr = 650 ....(2)
50
Dividing (1) by (2), we have

PRACTICE BOOK ON QUICKER MATHS

286

Rule 32
1+
25

600
650'

Theorem: If a person borrows RsXfrom a bank at simpli

interest and after t years he paid Rs x to the bank and m
the end of r, years from the date of borrowing he paid Rs
to the bank to settle the account, then the rate of interest a

(25 + r ) x 2 _ 12

or,

13

50 + 3r

50
or,(50 + 2r) x 13 = (50 + 3r) x 12
or, 650 + 26r= 600 + 36r; or, lOr = 50
.-. r = 5%.
Quicker Method: Following the above theorem, we
have
100[650-600]

100x50

6x600-4x650

1000

Exercise

2.

3.

4.

5.

6.

7.

\h +

A sum of money lent out at simple interest amounts to

Rs 720 in 2 years and to Rs 1020 in 7 years. Find the
rate per cent per annum.
a) 10%
b) 12%
c)5%
d) 15%
The amount of a certain sum with simple interest for 20
years is Rs 586.40 and with simple interest for 10 years
more is Rs 696.35. Find the rate per cent per annum at
which interest is reckoned.
a) 3%
b)4%
c)5%
d) 8%
A certain sum of money at simple interest amounts to Rs
379.50 in 3 years and to Rs 453.75 in 754 years. Find the
rate of interest.
a) 6%
b)4%
c)5%
d) 8%
A sum of money lent out at simple interest amounts to
Rs 460 in 3 years while in 5 years it amounts to Rs 500.
Find the rate of interest.
a) 6%
b)5%
c)4%
d) 3%
A sum of money lent out at simple interest amount to Rs
560 in 3 years while in 5 years it amounts to Rs 600.
Find the rate of interest.
a) 3%
b)5%
c)4%
d) 6%
A certain sum of money at SI amounts to Rs 1012 in 2V4
years and to Rs 1067.20 in 4 years. The rate of interest
per annum is
[Central Excise, 1989|
a) 2.5%
b)3%
c)4%
d) 5%
A certain sum of money at simple interest amounts to Rs
1260 in 2 years and to Rs 1350 in 5 years. The rate per
cent per annum is
[Central Excise, 1988)
a) 2.5%
b) 3.75%
c) 5%
d) 7.5%

(696.35-586.40)100
5. c

586.40x30-696.35x20
6. c

7000x3xr
100

7. a

4000x2xr
-+ -

100

or, 1450 = 210r + 80r

290 = 5%.
Quicker Method: Following the above theorem
have
1 4 5 0

3000 + 5450-7000 3
the rate of interest

(3000 x 3) +(5 x 4000") j '

_ 1450x100 _ 1450 _
29000

5 0

~ 290 "

Exercise
1.

2.

4. b

Ramesh borrows Rs 7000 from a bank at SI. A i t s

three years he paid Rs 3000 to the bank and at the e-:
of 5 years from the date of borrowing he paid Rs 54>C
to the bank to settle the account. Find the rate of : T terest.
Soln: Detail Method: Any sum that is paid back to the b i n
before the last instalment is deducted from the p
cipal and not from the interest. Thus,
Total interest = Interest on Rs 7000 for 3 years +
terest on (Rs 7000 - Rs 3000) = Rs 4000 for 2 v e i or, (5450 + 3000 - 7000)

3.

2. a; Hint: Here r = 20 + 10 = 30 years

3. c

xl00 %.

h{ ~ \)_

Illustrative Example

Answers

.. Required rate % =

Ex.:
= 5%

Note: Also see Rule -13.

1.

X, + Xj

given by

= 3%
4.

Rakesh borrows Rs 3500 from a bank at SI. After

years he paid Rs 1500 to the bank and at the enc
years from the date of borrowing he paid Rs 27251
bank to settle the account. Find the rate of interest
a) 10%
b)5%
c)2.5%
d)Noneofi
Sudhir borrows Rs 6000 from a bank at SI. After 4 j
he paid Rs 2500 to the bank and at the end of 5 \
from the date of borrowing he paid Rs 4560 to the
to settle the account. Find the rate of interest,
a) 3%
b)3.5%
c)3.85% d)Nonec
Uday borrows Rs 5000 from a bank at SI. After S
he paid Rs 1700 to the bank and at the end of 5
from the date of borrowing he paid Rs 3550 to the |
to settle the account. Find the rate of interest.
a)l%
b) 1.5%
c)2%
d) 10%
Binod borrows Rs 5500 from a bank at SI. After Z

Simple Interest
he paid Rs 2410 to the bank and at the end of 2 years
from the date of borrowing he paid Rs 3690 to the bank
to settle the account. Find the rate of interest.
%

a)

c) 6 - %
2

b) 2 - %

Some amount out o f Rs 950 was lent at 6% per annum

and the remaining at 4% per annum. I f the total simple
interest from both the fractions in 5 years was Rs 200.
find the sum lent at 6% per annum,
a) Rs 700
b) Rs 100
c) Rs 250
d) Rs 450

d) 5 - %

Answers

Answers
l.b

3.

l.c

2. c

2. b

3.b

4. d

j. a

Rule 34

Rule 33
Theorem: Some amount out of Rs P was lent at r % per
annum and the remaining at r,% per annum. If the total
simple interest from both the fractions in t years was Rs
'A', then the sum lent at r % per annum wus given by Rs
/

Theorem: A person invested

of his capital atx %,

t

at x % and the remainder ~ at x %. If his annual income

2

00A-Pr t
2

/IxlOO
is Rs A, the capital is given by Rs

Illustrative Example

>h n-, n-.

Ex.:

Some amount out of Rs 7000 was lent at 6% per annum and the remaining at 4% per annum. If the total
simple interest from both the fractions in 5 years was
Soln:
Rs 1600, find the sum lent at 6% per annum.
Detail Method: Suppose Rs x was lent at 6% per
annum.
xx6x5 (7000-x)x4x5
100
100
Thus,
+-r
= '600
1

ix 7000 -x
= 1600
or, +
0
5
3x + 14000-2x
1600
or,
10
* x = 16000-14000 = Rs 2000.
Quicker Method: Applying the above formula, we
have

Illustrative Example
1
1
A man invested - ot his capital at 7%, at 8% and
J
4
the remainder at 10%. If his annual income is Rs561,
find the capital.
Soln: Detail Method:
Let the capital be Rs x.
From the question,
Ex.:

1
-x
3

-xx7
or,

2.

100

xx8
A

+-

100

561x100x6
or, x

Some amount out of Rs 8000 was lent at 7% per annum

and the remaining at 5% per annum. I f the total simple
interest from both the fractions in 6 years was Rs 2600,
find the sum lent at 7% per annum.
2000

1
4

x o f 10%

xxlO
12
100

Rs 561

25
x = 561xI00
or, 1 x + 2x +
6

Exercise

a) Rs

(6-4)5

= Rs 2000.

1.

Rs 561

100x1600-7000x4x5
the required answer =

1
of 7%+ - x o f 8% +
4

5000

Rs 6600.

Quicker Method: Applying the above theorem, we

have
561x100
Capital = -=
rr- = Rs 6600.
- +2+

4000

r- b) Rs 1500 c) Rs d) Rs T ~

j
J
3
Some amount out of Rs 9000 was lent at 8% per annum
and the remaining at 6% per annum. I f the total simple
interest from both the fractions in 7 years was Rs 3900,
find the sum lent at 8% per annum.
5000
6000
a)Rs z b)Rs -*- c)Rs!600 d) None of these

51

Exercise
1.

1
1
of my capital is invested at 4 per cent, at 3 per
cent and the remainder at 5 per cent. I f my annual in-

P R A C T I C E B O O K ON Q U I C K E R MATH

288
come is Rs 50, find the capital.
a ) R s l l 0 0 b ) R s l 3 0 0 c) Rs 1200
2.

Soln: Applying the above formula, we have

d) Rs 1600

2
1
of my capital is invested at 3 per cent, at 6 per
cent and the remainder at 12 per cent. I f my annual income is Rs 25. find the capital.
a)Rs 500
b)Rs600
c) Rs 650
d)Rs450

3.

1
1
of my capital is invested at 4 per cent, at 6 per
4
8

00x40

rate =

Exercise
1.

The simple interest on certain sum Rs 625 is Rs 1

and the number of years is equal to the rate per cent
annum. Find the rate per cent.

2.

The simple interest on certain sum Rs 225 is Rs 4.

the number of years is equal to the rate per cent per
num. Find the rate per cent.

a) 5%

cent and the remainder at 8 per cent. I f my annual income is Rs 270, find the capital.
a)Rs 5000 b)Rs4400 c) Rs 4000 d) Rs 3800
4.

3
1
of my capital is invested at 8 per cent, - at 8 per
4
8
cent and the remainder at 8 per cent. I f my annual income is Rs 480, find the capital.
a)Rs6000 b)Rs6600 c) Rs 4800 d) Rs 5600

5.

6.

a) 1%
3.

4.

1
1
of my capital is invested at 5 per cent, at 5 per cent
and the remainder at 5 per cent. I f my annual income is
Rs 50, find the capital.
a)Rs 800
b)Rs1000 c) Rs 1200 d ) R s l 5 0 0

5.

l %
9

3. c

4. a

b) 2 j %

d)4.5%

c)l-%

a) 3 | %

4 i %
3

) 3^%
3

) 9 J %
4

b) 3%

c)

- %

d)Noneofr

Answers
l.b

2.c

3.a

4. a

5. c

Rule 36

5. b

6. a; Hint: Here A = annual income = Rs

600

Rs300

= simple interest per annum.

Now, apply the given rule and get the answer.

Theorem: To find the amount (Principal + Simple .

est).
If a borrower has to pay at r% simple interest per ai
for t years and simple interest is given as Rs I, themi
following formula is used to find the amount.

Rule 35
Theorem: If the simple interest on certain sum 'P' is T
and the number of years is equal to the rate per cent per
annum, then the rate per cent or time is given by
100x7

100"
A (Amount) = I (Simple Interest)

Ex.:

A certain sum of money is borrowed by a

4% simple interest for 5 years. I f he has to
160 as interest, find the total amount he has I
Soln: Applying the above formula, we have
Amount =

Illustrative Example
The simple interest on certain sum Rs 160 is Rs 40,
and the number of years is equal to the rate per cent
per annum. Find the rate per cent.

Illustrative Example

Note: Compare this rule with Rule - 4.

Ex.:

d)NoneoftL

The simple interest on certain sum Rs 900 is Rs

and the number of years is equal to the rate per cen
annum. Find the rate per cent.

Answers
2. a

c)3%

and the rest at 8%. If the simple interest for 2 years from
all these investments amounts to Rs 600, find the original sum.
|BSRB Bank PO Exam, 1988]
a)Rs 5000 b)Rs6000 c) Rs 5200 d) Rs 5500
l.c

b)4%

The simple interest on certain sum Rs 100 is Rs 9.

the number of years is equal to the rate per cent per
num. Find the rate per cent.
a) 3%
b)4%
c) 1%
d)2%
The simple interest on certain sum Rs 729 is Rs
and the number of years is equal to the rate per cere
annum. Find the rate per cent.
a

1
1
Out of a certain sum, rd is invested at 3%, th at 6%
3

= 5%

160

100
1+
~20

= Rs 960.

Exercise
1.

A certain sum of money is borrowed by a perse

simple interest for 5 years. If he has to pay R i

Simple Interest
interest, find the total amount he has to pay.
a)Rs400
b)Rs 500
c)Rs550 d) None of these
A certain sum of money is borrowed by a person at 3%
simple interest for 4 years. I f he has to pay Rs 120 as
interest, find the total amount he has to pay.
a) Rs 1020 b) Rs 820
c) Rs 1120 d) Rs 1220
A certain sum of money is borrowed by a person at 5%
simple interest for 3 years. I f he has to pay Rs 150 as
interest, find the total amount he has to pay.
a)Rsll50 b)Rsl250 c)Rsl050 d)Rsl350
A certain sum of money is borrowed by a person at 3%
simple interest for 6 years. I f he has to pay Rs 144 as
interest, find the total amount he has to pay.
a) Rs 1044 b) Rs 844
c) Rs 1144 d) Rs 944

2.

3.

4.

5.

6.

terest.
a) 10%
b) 8%
c) 7%
d) 5%
The simple interest on Rs 150 for 3 years together :~
that on Rs 250 for 6 years came to Rs 97.50, the rate
being the same in both the cases. Find the rate per cent
of interest.
a) 10%
b)5%
c)6%
d)8%
A lent Rs 600 to B for 2 years and Rs 150 to C for 4
years and received altogether from both Rs 90 as simple
interest. The rate of interest is:
|Railways, 1988|
a) 12%
b) 10%
c)5%
d)4%

Answers
l.b

2. a

4. a

5.b

6. c

Rule 38

Answers
l.b

3.d

2.c

3. a

4. d

Theorem: On Rs P, invested at a simple interest rate

Rule 37

per cent per annum, Rs /, is obtained as interest in certain

Theorem: If a person lends Rs P\ r, years and Rs P

years. In order to earn Rs l

for t years received altogether Rs I as a simple interest,

same number of years, the rate of simple interest is given

100/
the rate per cent per annum is

-xr, per cent.

by

2 2j

Illustrative Example

Illustrative Example
Ex.:

A person lends Rs 600 for 5 years and Rs 750 for 2

years, received altogether Rs 450 as a simple interest. Find the rate per annum.
Soln: Applying he above formula, we have
100x450

= 10%.

Ex.:

On R.s 2500 invested at a simple interest rate 4 per

cent per annum, Rs 500 is obtained as interest in certain years. In order to earn Rs 2000 as interest on Rs
4000, in the same number of years, what should be
the rate of simple interest?
Soln: Detail Method:
Time =

Exercise
1.

2.

A lent Rs 600 to B for 2 years, and Rs 150 to C for 4

years and received altogether from both Rs 90 as interest. Find the rate of interest, simple interest being calculated.
a) 4%
b)5%
c)6%
d) 10%
A man lends Rs 3 5 0 for 6 years and Rs 540 for 2 A years
to two persons and receives in all Rs 115 as interest. Fin
the rate per cent, if simple interest be reckoned.

3.

4.

) 2 i %
3

c)3^-%
3

the required answer

2500
4000

2000
-x4 = 10%
500

Exercise

) 2 | %
3

The simple interest on Rs 400 for 5 years together with

that on Rs 600 for 4 years came to Rs 132, the rate being
the same in both the cases. Find the rate per cent of interest.
a)l%
b)5%
c)4%
d)3%
The simple interest on Rs 300 for 6 years together with
that on Rs 500 for 5 years came to Rs 430, the rate being
the same in both the cases. Find the rate per cent of in-

10%

5x4000

Quicker Method: Applying the above rule, we have

1.
b

500x100
~ - 5 years
2500x4
2000x100

Rate

a) 3 ^ %
j

yP,t +P t
x

(600x5)+ (750x2)

as Interest on Rs P in the

2.

On Rs 3000 invested at a simple interest rate 6 per cent

per annum, Rs 900 is obtained as interest in certain years.
In order to earn Rs 1600 as interest on Rs 4000 in the
same number of years, what should be the rate of simple
interest?
[BSRB Mumbai PO, 19991
a) 7 per cent
b) 8 per cent
c) 9 per cent
d) Data inadequate
On Rs 1250 invested at a simple interest rate 2 per cent
per annum, Rs 250 is obtained as interest in certain years.
In order to earn Rs 1000 as interest on Rs 2000 in the
same number ofyears, what should be the rate of simple

P R A C T I C E B O O K ON Q U I C K E R MATHS
interest?
a) 3%
b)4%
c)5%
d) None of these
On Rs 1500 invested at a simple interest rate 3 per cent
per annum, Rs 450 is obtained as interest in certain years.
In order to earn Rs 800 as interest on Rs 2000 in the
same number of years, what should be the rate of simple
interest?
a) 4%
b)6%
c)5%
d) 8%
On Rs 3500 invested at a simple interest rate 7 per cent
per annum, Rs 500 is obtained as interest in certain years.
In order to earn Rs 800 as interest on Rs 4900 in the
same number of years, what should be the rate of simple
interest?
a) 9%
b) 10%
c) 12%
d)8%
On Rs 4500 invested at a simple interest rate 12 percent
per annum, Rs 1200 is obtained as interest in certain
years. In order to earn Rs 1800 as interest on Rs 5400 in
the same number of years, what should be the rate of
simple interest?

3.

4.

5.

a) 14%

b) 15%

c) 18%

3.

2. c

3. a

4. d

4.

a) 64 years b) 32 years c ) 54 years d) 60 years

At what rate of interest per annum will a sum double
itself in 8 years?
[Bank PO Exam, 1986|
a) 1254%

b)5%

c)6%

d) 10'/2%

Answers
2-1
l.c; Hint:
2. c

3. a

xlOO = 20

... = 5%
r

4. a

Miscellaneous
1.

d) 16%

5. b

treble itself in 25 years?

a) 4%
b)5%
c)8%
d) 6%
In how many years will a sum of money treble itself at
,1

Answers
l.b

Sr

2.

I f the rate of interest rises from 654 to 8%, a man's annual income increases by Rs 4050. Find the capital
a) Rs 270000
b) Rs 370000
c) Rs 300000
d) None of these
I f Rs 5600 amount to Rs 6678 in 314 years, what will Rs

Rule 39
9400 amount to in 5 years, at the same rate per cent

Theorem: The time in which a sum of money becomes n

times itself at r% per annum simple interest is given by
(

n-V

xlOO years.
3.

Illustrative Example
Ex.:

In what time will a sum of money double itself at 5%

per annum simple interest being charged?

Soln: Detail Method

Suppose the capital is Rs 100, in order to double itself the interest on it should also amount to Rs 100.

4.

Now, the interest on Rs 100 for 1 year = Rs 5

the required no. of years

100

= 20 years.

Quicker Method: Applying the above theorem, we

have
the required answer

2-1

5.

per annum simple interest?

a)Rs9400
b) Rs 12114.25
c) Rs 12115
d) None of these
A man derives his income from the investment of R>
4150 at a certain rate of interest and Rs 3500 at 1 pa
cent higher. His whole income for 4 years is Rs 1211
Find the rates of interest.
a) 3 54%, 4 54%
b) 2 54%, 3 54%
c) 454%, 5 54%
d) None of these
The simple interest on a sum of money will be Rs 600
after 10 years. I f the principal is trebled after 5 years,
the total interest at the end of 10 years will be:
IBank PO 198"]
a) Rs 600
b) Rs 900
c) Rs 1200
d) Data inadequate
I f x is the simple interest on y and y is the simple interest
on z, the rate % and the time being the same in both
cases, what is the relation between x, y and z?
IBank PO, 1989]

x 100 = 20 years
a) x = yz
2

b) y

= xz

c) z = xy
2

d) xyz = 1

Exercise

Answers

1.

1. a; Due to the rise in the rate of interest, annual incorr-;

2.

At what rate per cent simple interest will a sum of money

double itself in 20 years?
IBank PO Exam, 1990J
a) 4%
b)3%
c)5%
d) None of these
At what rate per cent simple interest will a sum of money

increases by Rs 8 - 6 2
Rs 100.

= Rs 1 , when the

capital

Simple Interest

Thus the required capital

100x2x4050
:

2. b; We first find the rate per cent

Interest on Rs 5600 = Rs 6678 - Rs 5600 = Rs 1078

rate%-

100x1078

100x1078x2

0x3

5600x7

5 6 0

= Rs

100
- =

1071

1
Rs 3 -

4. c; Let the sum be Rs x.

SI = Rs 600, Time = 10 years
Rate = I

600x100
1
*x!0 ) " '

/0

)%

f6000

/'Perannum.

Rs 2714.25

.-. the required amount = Rs 9400 + Rs 2714.25

= Rs 12114.25
1211
3. a; Income for 1 year = Rs ^
Since the rate of interest for Rs 3 500 is 1 % higher, therefore, if we subtract 1% on Rs 3500 from Rs

1211

,
1% on Rs 3500
n /

lOOxx

= Rs 300.

( 3xx5x6000
Rs 900
V lOOx*
Hence, total interest at the end of 10 years = Rs 1200
A

SI for last 5 years = Rs

the

remainder will be 1 year's interest on (Rs 4150 + Rs

3500) at the lower rate of interest.
Interest on (Rs 4150 + Rs 3500)

xx5x6000^|

SI for first 5 years = Rs

yxrxt

5. b; =
x

1211
= Rs

Rs 35 = Rs

1071
.-. Interest on Rs 100 = Rs j

100x4x2
10857

1211

.-. The lower rate is 3 i % and the higher rate is 4 - j % .

9400x21x11
Interest on Rs 9400 = Rs

Interest on Rs 7650 = Rs

= Rs 270000

100

and v

zxrxt
:

V
or,

or,
z

Correct answer is (b).

100