Lakshya Education MCQs

Question: Two equal sums of money are lent at the same time at 8% and 7% per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 2560. The sum and the time for which the sums of money are lent out are.
Options:
A.Rs. 2000, 3.5 years and 4 years
B.Rs. 1500, 3.5 years and 4 years
C.Rs. 2000, 4 years and 5.5 years
D.Rs. 3000, 4 years and 4.5 years
Answer: Option A

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Question 1. A sum of Rs. 7930 is divided into 3 parts and given at loan at 5% simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of = ?
  1.    Rs. 2800
  2.    Rs. 3050
  3.    Rs. 2750
  4.    Rs. 2760
Answer: Option D
Question 2. The principal which gives Rs 1 interest per day at a rate of 5% simple interest per annum is = ?
  1.    Rs. 5000
  2.    Rs. 35500
  3.    Rs. 7300
  4.    Rs. 3650
Answer: Option C
Question 3. Arvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?
  1.    Rs. 3080
  2.    Rs. 2500
  3.    Rs. 3000
  4.    Rs. 3100
Answer: Option C
Question 4. A person invested some account at the rate of 12% simple interest and a certain amount at rate of 10% simple interest. He received yearly interest of Rs. 130. But if he had interchanged the amounts invested,he would have received Rs. 4 more as interest. How much did he invest at 12% simple interest ?
  1.    Rs. 400
  2.    Rs. 500
  3.    Rs. 700
  4.    Rs. 800
Answer: Option B
Question 5. Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amounts in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is Rs. 1350 then the sum deposited in each case is = ?
  1.    Rs. 3000
  2.    Rs. 4000
  3.    Rs. 6500
  4.    Rs. 5000
Answer: Option D
Question 6. A some of money lent out at simple interest amount to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?
  1.    Rs. 6000
  2.    Rs. 600
  3.    Rs. 1740
  4.    Rs. 120
Answer: Option B

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