This practice GMAT test includes only simple interest questions which are part of the GMAT problem solving section.
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Robin deposited $8000 which amounted to $9200 after 3 years at simple interest. Had the interest been 2% more, she would have got an extra income of ?
If is the interest on and is the interest on , the rate and time being same in both the cases, then what is the relation between , and ?
$2500 are divided into two parts such that if one part be put at 5% simple interest and the other at 6%, the yearly income obtained is $140. How much was lent at 5%?
If $1 amounts to $9 over a period of 20 years, then what is the rate of simple interest?
$4000 was divided into two parts in such a way that when first part was invested at 3% and the second at 5%, the total annual interest from both the investments is $144. How much was put at 3%?
If $1produces $9 over a period of 40 years, find the rate of simple interest.
A certain sum of money doubles itself in 10 years in how many years will it become three times of itself at the same rate?
A. 30 years
B. 20 years
C. 15 years
D. 17.5 years
E. 25 years
$1500 are divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is $85. How much was lent at 5%?
The simple interest on a sum of money is of the principal and the number of years is equal to the rate percent. Find the rate %.
In what time will $4000 lent at 3% per annum on S.I earn as much interest as $5000 will earn in 5 years at 4% p.a on S.I.
B. 7.5 years
D. 9 years
E. 8 years
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