Problems on Simple Interest

Q31. What annual payment will discharge a debt of Rs. 630 due in 3 years at 5% per annum ?
(a) Rs. 200
(b) Rs. 220
(c) Rs. 230
(d) Rs. 235

Q32. A farmer borrowed Rs. 5000 at 10% per annum. At the end of 5 years he cleared his account by paying Rs. 3000 and a cow. The cost of the cow is ?
(a) Rs. 4000
(b) Rs. 4200
(c) Rs. 4500
(d) Rs. 4800

Q33. A borrows Rs. 7000 at 10% per annum simple interest and B borrows Rs. 8000 at 8% per annum simple interest. In how many years will their amounts of debts be equal ?
(a) 12 ²/₃ years
(b) 14 ²/₃ years
(c) 15 ²/₃ years
(d) 16 ²/₃ years

Q34. A man losses Rs. 45 yearly when the annual rate of interest falls from 11% to 10%. His capital is
(a) Rs 4500
(b) Rs 4650
(c) Rs 4700
(d) Rs 4750

Q35. A sum of money at simple interest amounts to Rs. 2200 in 3 years and Rs. 2500 in 5 years. The sum is
(a) Rs 1600
(b) Rs 1625
(c) Rs 1750
(d) Rs 1780

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