Aptitude Questions Simple Interest Caluclation Questions and Answers Test 1

Aptitude Questions Simple Interest Calculation Questions and Answers Test 1.

The following are the List of Aptitude Questions Simple Interest Calculations pls your suggestions for these.

1. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1/4 p.a for 2 years. Find his gain in the transaction per year.

Rs. 112.50

Rs. 125

Rs. 150

Rs. 167.50

Any of These

2.

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

Rs. 35

Rs. 245

Rs. 350

Cannot be determined

None of these

3. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

1 : 3

1 : 4

2:3

Data inadequate

None of These

4. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

5%

8%

12%

20%

9%

5. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:

15000

12000

18000

11000

19000

6. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

6%

3.6%

8%

9%

None of These

7. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

5%

10%

6%

8%

None of These

8.

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

8%

7%

10.25%

9%

None of These

9.

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

6%

9%

5%

4%

14%

10. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

6

3.6

5

Any of These

None of These

11.

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

5 years

7 years

4 Years

8 years

15 years

12. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

Rs. 8925

Rs. 8900

Rs. 8908

Rs. 18900

None of These

13.

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

Rs. 6500

Rs. 6400

Rs. 7200

Rs. 7500

None of These

14.

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

Rs. 650

Rs. 698

Rs. 656

Rs. 689

Rs. 700

Score =

Correct answers: