Bissoy.com
Doctors Medicines MCQs Q&A

A sum of Rs. 4000 is lent on simple interest at the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?

A sum of Rs. 4000 is lent on simple interest at the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years? Correct Answer Rs. 800

Given:

A sum of Rs.4000 is lent on simple interest at the rate of 10% per annum

P= 4000

R = 10%

Formula used:

S.I = (P × N × R)/100

Calculation:

S.I for 5 years = (4000 × 5 × 10)/100 = 2000

S.I for 3 years = (4000 × 3 × 10)/100 = 1200

⇒ Difference between S.I for 5 years  and S.I for 3 years = 2000 - 1200 = 800

∴ Simple interest for 5 years is 800 more than the simple interest for 3 years.

Related Questions

Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relation among the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. The options represent the relations among three quantities. A. < B. > C. ≤ D. ≥ E. = Quantity 1: Sumit invested Rs. X for 2 years at the rate of R% per annum simple interest. The interest obtained is Rs. 450 less than the interest obtained when the same sum is invested for 2 years at the rate of (R + 9)% per annum simple interest. Find the value of X. Quantity 2: Ankit invested Rs. Y for 2 years at the rate of 10% per annum compounded annually. The interest obtained is 795 less than the compound interest received by him when he invested a sum of Rs. 3000 for 2 years at the rate of 20% per annum compounded annually. Find the value of Y. Quantity 3: Difference of CI and SI obtained on a sum of Rs. Z when invested for 2 years at 10% per annum is Rs. 20. Find the value of Z. 
Sachin lent Rs. 20000 to Ankit at simple interest at the rate of 10% per annum for 2 years and Ankit lent half of the money to Gaurav at simple interest at the rate of 5% per annum for 2 years and lent rest half of the money to Amar at compound interest at the rate of 10% per annum for 2 years. Find the profit or loss of Ankit after 2 years in the whole transaction. 
Raj lent a total of 50,000 rupees to two people He lent a certain amount to A at 10% per annum simple interest and lent the remaining amount to B at 5% per annum simple interest. He lent each amount for two years and received 8200 as the total interest. What is the sum he lent to the A?
Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relationship between the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. Quantity 1: An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes. Quantity 2: A sum of Rs. 725 is lent at the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? Quantity 3: The difference between the compound interest and the simple interest on an amount of 15000 for 2 years is Rs. 96. What is the rate of interest per annum?
A sum of Rs. 100000 is lent out in two parts, 1st part at 5% per annum and 2nd part at 6% per annum. If simple interest received on the sum given at 5% per annum is Rs. 765 more than the simple interest on the sum given at 6% in 1 year period. Find the sum which is lent at 6% per annum.
The question below is followed by statements I, II, and III. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The difference between the compound interest and simple interest on a certain sum at a certain rate of interest per annum for two years is 204.20. What is the amount received on the sum of compound interest at the same rate of interest at the end of three years. I. The difference between the compound interest and the simple interest on the sum for three years is 804.258. II. The sum becomes Rs. 14528 at the end of one year. III. The compound interest on the sum for two years is 7% more than the simple interest on the sum for two years.
Questions below followed by three quantities. Find the relationship between them. Quantity I: Peter invested Rs. P in a scheme A offering simple interest at 12% per annum for five years. He invested the whole amount he received from scheme A in another scheme B offering simple interest at 5% per annum for 4 years, if the difference between the interests earned from scheme A and B was Rs. 2240. What is the value of P? Quantity II: Mohan deposited Rs. 12000 at simple interest which amounted to Rs. 16800 after 4 years . Had the interest been 5% more, how much amount he would have got? Quantity III: The SI on certain sum of money for 18 months at the rate of 8% per annum exceeds the SI on the same sum at 10% per annum for 12 months by Rs. 200. Then find the sum?
A sum of Rs. 4000 is lent out at simple interest in two parts. One part at 8 percent per annum and another part at 6 percent per annum. If the total annual interest is Rs. 280, then how much sum is lent at 6 percent per annum?
Anil lent a sum of money to Sunil at 8.25% per annum simple interest. Sunil lent the entire sum to Devi on the same day at 11.5% per annum simple interest. After a year Sunil earned a sum of Rs. 325 from the whole transaction. Find the sum of money lent by Anil to Sunil.
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. What is the rate of interest? I. Sum A becomes double in 4 years when invested at a certain rate interest per annum. (Consider simple interest) II. Mamta invests Rs. 5000 for t years and sajan invests Rs 3000 for T years at same rate of interest. Ratio of interest earned is 4 : 7. (Consider simple interest) III. Sum S becomes quadruple when invested in compound interest for 2 years at a certain rate of interest per annum.