# Simple Interest - 03

## 04. A person invests Rs. 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs he has to withdraw the entire money after three years, for which the bank allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is = ?

• 1
$\text{7}\frac{5}{9}$
%
• 2
$\text{7}\frac{4}{9}$
%
• 3
$\text{7}\frac{8}{9}$
%
• 4
$\text{8}\frac{7}{9}$
%

## 07. In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?

• 1
$1\frac{1}{4}$
years
• 2
$1\frac{3}{4}$
years
• 3
$2\frac{1}{4}$
years
• 4
$2\frac{3}{4}$
years

## 09. In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ?

• 13 years
• 2
$3\frac{1}{2}$
years
• 34 years
• 4
$4\frac{1}{2}$
years
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