### Quantitative Aptitude - Simple Interest

#### Question - 1

At the rate of 8$1\over2$% p.a. simple interest, a sum of Rs. 4800 will earn how much interest in 2 years 3 months ?

• A Rs.796
• B Rs.816
• C Rs.918
• D Rs.956

#### Question - 2

What will be the simple interest earned on an amount of Rs.16,800 in 9 months at the rate of 6$1\over4$% p.a.?

• A Rs.787.50
• B Rs.812.50
• C Rs.860
• D Rs.887.50

#### Question - 3

The simple interest on Rs.1820 from March 9, 2003 to May 21, 2003 at 7$1\over4$% rate will be:

• A Rs.22.50
• B Rs.27.30
• C Rs.28.80
• D Rs.29

#### Question - 4

A person borrows Rs.5000 for 2 years at 4% p.a. simple interest.  He immediately lends it to another person at 6$1\over4$% p.a. for 2 years.  Find his gain in the transaction per year.

• A Rs.112.50
• B Rs.125
• C Rs.150
• D 167.50

#### Question - 5

How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest ?

• A 3.5 years
• B 4 years
• C 4.5 years
• D 5 years

#### Question - 6

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 ?

• A 3%
• B 4%
• C 5%
• D 6%
• E None of these

#### Question - 7

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 4 months.  The rate of interest per annum is :

• A 6%
• B 6$1\over4$%
• C 6$1\over2$%
• D 6$3\over4$%

#### Question - 8

Reena took a loan of Rs.1200 with simple interest for as many years as the rate of interest.  If she paid Rs.432 as interest  at the end of the loan period, what was the rate of interest ?

• A 3.6
• B 6
• C 18
• D Cannot be determined
• E None of these

#### Question - 9

A man took a 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:

• A Rs.2000
• B Rs.10,000
• C Rs.15,000
• D Rs.20,000

#### Question - 10

What is the present worth of Rs.132 due in 2 years at 5% simple interest per annum ?

• A Rs.112
• B Rs.118.80
• C Rs.120
• D Rs.122