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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)

Total Questions : 1171 | Page 117 of 118 pages
Question 1161. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?
  1.    7401.22
  2.    3456
  3.    4567
  4.    7890
 Discuss Question
Answer: Option A. -> 7401.22
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1162. The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is_________?
  1.    Rs.8
  2.    Rs.6
  3.    Rs.4
  4.    Rs.9
 Discuss Question
Answer: Option B. -> Rs.6
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1163. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
  1.    17.5 lakhs
  2.    21 lakhs
  3.    15 lakhs
  4.    20 lakhs
 Discuss Question
Answer: Option B. -> 21 lakhs
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1164. What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum ?
  1.    Rs. 112
  2.    Rs. 118.80
  3.    Rs. 120
  4.    Rs. 122
 Discuss Question
Answer: Option C. -> Rs. 120
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1165. A sum of money trebles itself in 15 years, 6 months. In how many years would it double itself ?
  1.    6 years 3 months
  2.    7 years 9 months
  3.    8 years 3 months
  4.    9 years 6 months
 Discuss Question
Answer: Option B. -> 7 years 9 months
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1166. 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 :
  1.    5%
  2.    8%
  3.    12%
  4.    15%
 Discuss Question
Answer: Option C. -> 12%
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1167. 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 ?
  1.    3%
  2.    4%
  3.    5%
  4.    6%
 Discuss Question
Answer: Option D. -> 6%
S.I. = RS. (15500 – 12500) = RS. 3000.
RATE = ( 100 X 3000/12500 X 4 )% = 6%.
Question 1168. A man took a 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 :
  1.    Rs. 2000
  2.    Rs. 10,000
  3.    Rs. 15,000
  4.    Rs. 20,000
 Discuss Question
Answer: Option C. -> Rs. 15,000
PRINCIPAL = RS. ( 100 X 5400/12 X 3 ) = RS. 15000
Question 1169. Nabeela 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 ?
  1.    3.6
  2.    6
  3.    18
  4.    Cannot be determined
 Discuss Question
Answer: Option B. -> 6
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1170. 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.    1 : 3
  2.    1 : 4
  3.    2 : 3
  4.    Data inadequate
 Discuss Question
Answer: Option C. -> 2 : 3
LET THE PRINCIPAL BE P AND RATE OF INTEREST BE R%. SO REQUIRED RATIO = [(P X R X 6/100) / (13 X R X 9/100)] = 6PR/9PR = 6/9 = 2 : 3

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