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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 33 of 118 pages
Question 321. 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?
  1.    3.6%
  2.    4.5%
  3.    5%
  4.    None of these
 Discuss Question
Answer: Option D. -> None of these
Answer: (d).None of these
Question 322. 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:
  1.    10%
  2.    10.25%
  3.    10.5%
  4.    None of these
 Discuss Question
Answer: Option B. -> 10.25%
Answer: (b).10.25%
Question 323. 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%
Answer: (d).6%
Question 324. 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:
  1.    5%
  2.    7%
  3.    7(1/8)%
  4.    10%
 Discuss Question
Answer: Option D. -> 10%
Answer: (d).10%
Question 325. 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:
  1.    Rs. 2000
  2.    Rs. 10,000
  3.    Rs. 15,000
  4.    Rs. 20,000
 Discuss Question
Answer: Option C. -> Rs. 15,000
Answer: (c).Rs. 15,000
Question 326. 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%
Answer: (c).12%
Question 327. 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
Answer: (c).2 : 3
Question 328. 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?
  1.    Rs. 35
  2.    Rs. 245
  3.    Rs. 350
  4.    Cannot be determined
 Discuss Question
Answer: Option D. -> Cannot be determined
Answer: (d).Cannot be determined
Question 329. 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.
  1.    Rs. 112.50
  2.    Rs. 125
  3.    Rs. 150
  4.    Rs. 167.50
 Discuss Question
Answer: Option A. -> Rs. 112.50
Answer: (a).Rs. 112.50
Question 330.

A man invested `1/3` of his capital at 7% ; `1/4` at 8% and the remainder a 10% . If his annual income is Rs. 61, the capital  is


  1.    Rs. 5400
  2.    Rs. 6000
  3.    Rs. 6600
  4.    Rs. 7200
 Discuss Question
Answer: Option C. -> Rs. 6600

Let total capital be Rs. `x`, Then ,

`(x/3 xx 7/100 xx 1) + (x/4 xx 8/100 xx 1) + ((5x)/(12) xx 10/100 xx 1)` = 561

`hArr    (7x)/(300) + x/50 + x/24 = 561`

`hArr    51x = (561 xx 600)`

`hArr     x = ((561 xx 600)/(51))` =  6600


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