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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 15 of 118 pages
Question 141. A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is
  1.    Rs. 500
  2.    Rs. 600
  3.    Rs. 700
  4.    Rs. 710
 Discuss Question
Answer: Option B. -> Rs. 600
Question 142. What annual installment will discharge a debt of Rs. 6450 due in 4 years at 5% simple interest = ?
  1.    Rs. 1500
  2.    Rs. 1835
  3.    Rs. 1935
  4.    Rs. 1950
 Discuss Question
Answer: Option A. -> Rs. 1500
Question 143. A sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money.
  1.    6.25%, Rs. 18600
  2.    6.75%, Rs. 17775
  3.    7%, Rs. 18000
  4.    8%, Rs. 17560
 Discuss Question
Answer: Option A. -> 6.25%, Rs. 18600
Question 144. In how many years will a sum of money double itself at 18.75% per annum simple interest?
  1.    4 years 5 months
  2.    5 years 4 months
  3.    6 years 2 months
  4.    6 year 5 months
 Discuss Question
Answer: Option B. -> 5 years 4 months
Question 145. In how many years will the simple interest on a sum of money be equal to the principal at the rate of $$16\frac{2}{3}$$ % per annum ?
  1.    4 years
  2.    5 years
  3.    6 years
  4.    8 years
 Discuss Question
Answer: Option C. -> 6 years
Question 146. A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs. 24 more interest. The sum of money is ?
  1.    Rs. 1200
  2.    Rs. 1050
  3.    Rs. 1000
  4.    Rs. 9600
 Discuss Question
Answer: Option A. -> Rs. 1200
Question 147. A man invests half of his capital at the rate of 10% per annum, one - third at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets is = ?
  1.    9%
  2.    10%
  3.    10.5%
  4.    12%
 Discuss Question
Answer: Option B. -> 10%
Question 148. A sum of money at simple interest doubles in 7 years. It will become four times in:
  1.    18 years
  2.    21 years
  3.    38 years
  4.    42 years
 Discuss Question
Answer: Option B. -> 21 years
Question 149. If a sum doubles in 6 years, how much will it be in 8 years ?
  1.    $$1\frac{1}{2}$$ times
  2.    $$1\frac{1}{3}$$ times
  3.    $$1\frac{1}{4}$$ times
  4.    $$1\frac{3}{4}$$ times
 Discuss Question
Answer: Option A. -> $$1\frac{1}{2}$$ times
Question 150. Consider the following statements
If a sum of money is lent at simple interest, then the
I - money gets doubled in 5 years if the rate of interest is $$16\frac{2}{3}$$ %
II - money gets doubled in 5 years if the rate of interest is 20%.
III - money becomes four times in 10 years if it gets doubled in 5 years.
  1.    I and III are correct
  2.    II alone is correct
  3.    III alone is correct
  4.    II and III are correct
 Discuss Question
Answer: Option B. -> II alone is correct

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