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Quantitative Aptitude > Interest

SIMPLE INTEREST MCQs

Total Questions : 234 | Page 24 of 24 pages
Question 231. . 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.
  1.    I alone sufficient while II alone not sufficient to answer
  2.    II alone sufficient while I alone not sufficient to answer
  3.    Either I or II alone sufficient to answer
  4.    Both I and II are necessary to answer
 Discuss Question
Answer: Option D. -> Both I and II are necessary to answer
Question 232. . What is the rate of simple interest?
I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years.
  1.    I alone sufficient while II alone not sufficient to answer
  2.    II alone sufficient while I alone not sufficient to answer
  3.    Either I or II alone sufficient to answer
  4.    Both I and II are not sufficient to answer
 Discuss Question
Answer: Option D. -> Both I and II are not sufficient to answer
Question 233.
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.
  1.    I and III only
  2.    II and III only
  3.    I and III only, or II and III only
  4.    Any two of the three
 Discuss Question
Answer: Option D. -> Any two of the three
Question 234.
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.
  1.    I alone sufficient while II alone not sufficient to answer
  2.    II alone sufficient while I alone not sufficient to answer
  3.    Both I and II are not sufficient to answer
  4.    Both I and II are necessary to answer
 Discuss Question
Answer: Option D. -> Both I and II are necessary to answer

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