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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 16 of 118 pages
Question 151. In a certain time, the ratio of a certain principal and interest obtained from it are in the ratio 10 : 3 at 10% interest per annum. The number of years for which the money was invested is = ?
  1.    1 year
  2.    3 year
  3.    5 year
  4.    7 year
 Discuss Question
Answer: Option B. -> 3 year
Question 152. Jhon invested a sum of money at an annual simple interest rate of 10%. At the end of four years the amount invested plus interest earned was Rs. 770. The amount invested was = ?
  1.    Rs. 650
  2.    Rs. 350
  3.    Rs. 550
  4.    Rs. 500
 Discuss Question
Answer: Option C. -> Rs. 550
Question 153. In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ?
  1.    3 years
  2.    $$3\frac{1}{2}$$ years
  3.    4 years
  4.    $$4\frac{1}{2}$$ years
 Discuss Question
Answer: Option B. -> $$3\frac{1}{2}$$ years
Question 154. The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is:
  1.    Rs. 4800
  2.    Rs. 6000
  3.    Rs. 8000
  4.    Date inadequate
 Discuss Question
Answer: Option D. -> Date inadequate
Question 155. In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?
  1.    $$1\frac{1}{4}$$ years
  2.    $$1\frac{3}{4}$$ years
  3.    $$2\frac{1}{4}$$ years
  4.    $$2\frac{3}{4}$$ years
 Discuss Question
Answer: Option A. -> $$1\frac{1}{4}$$ years
Question 156. The population of a village decreases at the rate of 20% per annum. If its population 2 years ago was 10000, the present population is = ?
  1.    4600
  2.    6400
  3.    7600
  4.    6000
 Discuss Question
Answer: Option B. -> 6400
Question 157. Rs. 12000 is divided into two parts such that simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for $$4\frac{1}{2}$$ years at 16% per annum. The ratio of the first part to the second part is = ?
  1.    2 : 1
  2.    1 : 2
  3.    2 : 3
  4.    3 : 2
 Discuss Question
Answer: Option A. -> 2 : 1
Question 158. A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4% to 3.75% diminishes his net yearly income by Rs. 48. What is his capital ?
  1.    Rs. 24000
  2.    Rs. 25000
  3.    Rs. 20000
  4.    Rs. 18000
 Discuss Question
Answer: Option C. -> Rs. 20000
Question 159. A person invests Rs. 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs he has to withdraw the entire money after three years, for which the bank allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is = ?
  1.    $${\text{7}}\frac{5}{9}$$ %
  2.    $${\text{7}}\frac{4}{9}$$ %
  3.    $${\text{7}}\frac{8}{9}$$ %
  4.    $${\text{8}}\frac{7}{9}$$ %
 Discuss Question
Answer: Option B. -> $${\text{7}}\frac{4}{9}$$ %
Question 160. A certain scheme of investment in simple interest declares that it triples the investment in 8 years. If you want to quadruple the money through that scheme for how many years you have to invest for = ?
  1.    11 years 6 months
  2.    10 years 8 months
  3.    10 years
  4.    12 years
 Discuss Question
Answer: Option D. -> 12 years

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