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Quantitative Aptitude > Interest

SIMPLE & COMPOUND INTEREST MCQs

Compound Interest, Simple Interest, Interest (combined)


Total Questions : 1171 | Page 37 of 118 pages
Question 361.

A sum of money becomes `7/6` of itself in 3 years at a certain rate of simple interest . The rate per annum is :


  1.    `5 5/9`%
  2.    `6 5/9`%
  3.    18%
  4.    25%
 Discuss Question
Answer: Option A. -> `5 5/9`%

Let sum = `x`  Then amount =  `(7x)/(6)`

S.I.  = `((7x)/(6) - x)` =  `x/6`   Time = 3 years

`:.`      Rate  = `((100 xx x)/(x xx 6 xx 3))`% =  `50/9`% =  `5 5/9`%


Question 362.

How long will it take a sum of money invested at 5% p.a.  S.I. to increase is value by  40%  ?


  1.    5 years
  2.    6 years
  3.    7 years
  4.    8 years
 Discuss Question
Answer: Option D. -> 8 years

Let the sum be `x` . Then , S.I.  = 40% of `x = (2x)/(5)` , Rate = 5%

`:.`     Time  = `(100 xx (2x)/(5) xx (1)/(x xx 5))` =  8 years .


Question 363.

In bow much time  would the simple interest on a certain sum  be 0.125 time he principal at 10% per annum ?


  1.    `1 1/4` years
  2.    `1 3/4` years
  3.    `2 1/4` years
  4.    `2 3/4` years
 Discuss Question
Answer: Option A. -> `1 1/4` years

Let sum = `x` , Then , S.I.  = 0.125`x`  = `1/8 x` , R + 10%

`:.`        Time = `((100 xx x)/(x xx 8 xx 10))`years =  `5/4 `years = `1 1/4`years


Question 364.

At what rate percent per annum will the simple interest on a sum  of money be `2/5` of the amount in 10 years ?


  1.    4%
  2.    `5 2/3`%
  3.    6%
  4.    `6 2/3`
 Discuss Question
Answer: Option A. -> 4%

Let sum  =  `x`   Then, S.I. =  `(2x)/(5)`, Time =  10 years

`:.`         Rate = `((100 xx 2x)/(x xx 5 xx 10))`% = 4%


Question 365.

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

Let sum =  `x` , Then , S.I. = `2x` , Time =  `15 1/2` years = `31/2` years

`:.`      Rate = `((100 xx 2x)/(x xx 31/2))`% = `400/31`%

Now , sum  = `x`    S.I. =  `x`    Rate =    `400/31`%

`:.`          Time = `(100 xx x)/(x xx 400/31)` = ` 31/4` years =  7 years 9 months.



Question 366.

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.    Daa inadequae
 Discuss Question
Answer: Option D. -> Daa inadequae

Let sum = `x` , Then , S.I. =  `x/2`

`:.`          `x/2 = (x xx 8 xx 6)/(100)`

Clearly data is inadequae


Question 367.

Consider the following statements :

If a sum of money is lent at simple interest, then the

1. money gets doubled in 5 years if the rate of interest is `16 2/3`%

2. money get doubled in 5 years if the rate of interest is 20%

3. money become four times in 10 years if it gets doubled in 5 years of these statements .


  1.    1 and 3 are correct
  2.    2 alone is correct
  3.    3 alone is correct
  4.    2 and 3 are correct
 Discuss Question
Answer: Option B. -> 2 alone is correct

Let sum  be `x` , Then , S.I. = `x`.

1. Time =  `(100 xx x)/(x xx 50/3)` = 6 years (False)

2.Time = `(100 xx x)/(x xx 20)` = 5 years (true)

3. Suppose sum = `x` , Then , S.I.  = `x` and  Time = 5 years

Rate = `((100 xx x)/(x xx 5))`% = 20 %

Now , sum  = `x` , S.I. = `3x` and  Rate =  20%

`:.`   Time = `((100 xx 3x)/(x xx 20))` years =  15 years (False)

So , 2 alone is correct .


Question 368.

If a sum of money at simple interest double in 6 years.  It will  become 4 times in


  1.    12 years
  2.    14 years
  3.    16 years
  4.    18 years
 Discuss Question
Answer: Option D. -> 18 years

Let sum  = `x` . Then , S.I. = `x`

`:.`     Rate =`((100 xx x)/(x xx 6))`% =   `50/3`%

Now , sum  =   `x` , S.I. = `3x` , Rate =  `50/3`%

`:.`     Time =  `((100 xx 3x)/(x xx 50/3))` =  18 years.


Question 369.

The rate at which a sum become four times of itself in 15 years at S.I. , will be


  1.    15 %
  2.    `17 1/2`%
  3.    20%
  4.    25%
 Discuss Question
Answer: Option C. -> 20%

Let sum = `x`. Then , S.I.  = 3`x`

`:.`    Rate = `((100 xx S.I.)/(P.T.))`

=`((100 xx 3x)/(x xx 15))`% =  20%


Question 370.

At what rate percent of simple interest will a sum of money double it self in 12 years ?


  1.    `8 1/4`%
  2.    `8 1/3`%
  3.    `8 1/2`%
  4.    `9 1/2`%
 Discuss Question
Answer: Option B. -> `8 1/3`%

Let sum = `x`  , Then , S.I. =  `x`

`:.`       Rate = `((100 xx S.I.)/(P xx Y))`

=`((100 xx x)/(x xx 12)`% =    `25/3`% =  `8 1/3`%


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