Learn and practice Problems on simple interest with easy explaination and shortcut tricks. All questions and answers on simple interest covered for various Competitive Exams

Solve simple interest Problems:

1) If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?

6.) A sum invested at the rate of interest 5% S.I grows to Rs. 5400 in 4 years. The same amount in 3 years at the rate of 10% per annum S.I will grow to

After two years the amount is Rs. 3300 and in the next three years it becomes Rs. 3600.

Therefore, S.I for three years = 3600 -3300 = 300

S.I for one year = 300/( 3 ) = 100

S.I for two years = 100 * 2 = 200

Principal = 3300 – 200 = Rs. 3100

10.) An agent allows a rebate of 4% to an investor while the bank pays an interest of 14% on the investment. What is the actual rate of interest earned by the investor on his investment?