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NIMCET Previous Year Questions (PYQs)
NIMCET Interest PYQ
A sum of money was divided into 2 parts in the ratio 2:5. First part was invested for 2
years at the annual interest rate of 20% compounded annually. At what rate of simple
interest per annum the second part must be invested for 2 years, so that the interest
earned in both cases is the same?
Go to Discussion
Solution
Hari invested an amount at a certain rate of interest on simple interest and he got 60% more amount after eight years. If he invests Rs. 9600 at the same rate of interest on simple interest, then find the total interest he would get after four years?
Go to Discussion
Solution
Given: 60% interest in 8 years using Simple Interest (SI).
So, rate (R) = (60 / 8) = 7.5% per annum
Now, SI on ₹9600 for 4 years at 7.5%:
SI = (9600 × 7.5 × 4) / 100 = ₹2880
✅ Final Answer: ₹2880
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