Topper's Approach 1

1) How much time will it take for an amount of Rs. 1500 to get Rs. 225 as interest at 5% per annum of simple interest ?
a) 1 year
b) 2 years
c) 4 years
d) 3 years
 
 
Answer: 3 years
 
 
2) What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?
A.  Rs. 220
B.  Rs. 240
C.  Rs. 250
D.  Rs. 280
 
 
Answer: Rs 240