Simple Interest(Quantitative Aptitude > Interest ) Questions and answers for exam Preparation

Quantitative Aptitude > Interest

SIMPLE INTEREST MCQs

Total Questions : 234 | Page 23 of 24 pages

Question 221. . 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:

Discuss Question

Answer: Option C. -> 12%

Question 222. . 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?

Rs. 35
Rs. 245
Rs. 350
Cannot be determined

Discuss Question

Answer: Option D. -> Cannot be determined

Question 223. . A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.

Rs. 112.50
Rs. 125
Rs. 225
Rs. 167.50

Discuss Question

Answer: Option A. -> Rs. 112.50

Question 224. . 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 : 3
1 : 4
2 : 3
None of these

Discuss Question

Answer: Option C. -> 2 : 3

Question 225. . What is the sum which earned interest?
I. The total simple interest was Rs. 7000 after 7 years.
II. The total of sum and simple interest was double of the sum after 5 years.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are necessary to answer

Discuss Question

Answer: Option D. -> Both I and II are necessary to answer

Question 226. . The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a.
II. The sum earned simple interest in 10 years.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are necessary to answer

Discuss Question

Answer: Option D. -> Both I and II are necessary to answer

Question 227. .
What percentage of simple interest per annum did Anand pay to Deepak?
I. Anand borrowed Rs. 8000 from Deepak for four years.
II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Both I and II are not sufficient to answer
Both I and II are necessary to answer

Discuss Question

Answer: Option D. -> Both I and II are necessary to answer

Question 228. .
What is the principal sum?
I. The sum amounts to Rs. 690 in 3 years at S.I.
II. The sum amounts to Rs. 750 in 5 years at S.I.
III. The rate of interest is 5% p.a.

I and III only
II and III only
I and III only, or II and III only
Any two of the three

Discuss Question

Answer: Option D. -> Any two of the three

Question 229. . What is the rate of simple interest?
I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are not sufficient to answer

Discuss Question

Answer: Option D. -> Both I and II are not sufficient to answer

Question 230. . The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a.
II. The sum earned simple interest in 10 years.