Quantitative Aptitude - Simple Interest
Exam Duration: 45 Mins Total Questions : 30
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
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
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
A sum fetched a total simple interest of Rs.4016.25 at the rate of 9 p.c.p.a in 5 years. What is the sum ?
- (a)
Rs.4462.50
- (b)
Rs.8032.50
- (c)
Rs.8900
- (d)
Rs.8925
- (e)
None of these
Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest. If the rate of intrest is increased by 4%, what amount will Rs. 800 become in 3 years ?
- (a)
Rs.1020.80
- (b)
Rs.1025
- (c)
Rs.1052
- (d)
Data inadequate
- (e)
None of these
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?
- (a)
Rs.35
- (b)
Rs.245
- (c)
Rs.350
- (d)
Cannot be determined
- (e)
None of these
In how many years, Rs.150 will produce the same interest @ 8% as Rs. 800 produce in 3 years @ 4 \(1\over2\)% ?
- (a)
6
- (b)
8
- (c)
9
- (d)
12
If Rs.64 amounts to Rs.83.20 in 2years, what will Rs.86 amount to in 4 years at the same rate percent per annum ?
- (a)
Rs.114.80
- (b)
Rs.124.70
- (c)
Rs.127.40
- (d)
Rs.137.60
The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs.840. At what rate of interest the same amount of interest can be received on the same sum after 5 years ?
- (a)
6%
- (b)
8%
- (c)
9%
- (d)
10%
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:
- (a)
10%
- (b)
10.25%
- (c)
10.5%
- (d)
None of these
The rate at which a sum becomes four times of itself in 15 years at S.I., will be
- (a)
15%
- (b)
17\(1\over2\)%
- (c)
20%
- (d)
25%
If a sum of money at simple interest doubles in 6 years, it will become 4 times in :
- (a)
12 years
- (b)
14 years
- (c)
16 years
- (d)
18 years
In how much time would the simple interest on certain sum be 0.125 times the pricipal at 10% per annum ?
- (a)
1\(1\over4\) years
- (b)
1\(3\over4\) years
- (c)
2\(1\over4\) years
- (d)
2\(3\over4\) years
Two equal sums of money were lent at simple interest at 11% p.a. for 3\(1\over2\) years and 4\(1\over2\) years respectively. If the different in interest for two periods was Rs. 412.50, then each sum is :
- (a)
Rs.3250
- (b)
Rs.3500
- (c)
Rs.3750
- (d)
Rs.4250
If the simple interest on a certain sum for 15 months at 7\(1\over2\) % per annum exceeds the simple interest on the same sum for 8 months at 12\(1\over2\)% per annum by Rs. 32.50, then the sum (in Rs.) is :
- (a)
Rs. 3000
- (b)
Rs. 3060
- (c)
Rs. 3120
- (d)
Rs. 3250
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 ali from both of them as interest. The rate of interest per annum is :
- (a)
5%
- (b)
7%
- (c)
7\(1\over8\)%
- (d)
10%
The difference between the simple interest received from two different sources on Rs. 1500 fot 3 years is Rs. 13.50. The difference between their rates of interest is :
- (a)
0.1%
- (b)
0.2%
- (c)
0.3%
- (d)
0.4%
- (e)
None of these
Peter invested an amount of Rs. 12,000 at the rate of 10 p.c.p.a. simple interest and another amount at the rate of 20 p.c.p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14 p.c.p.a. Find the total amount invested.
- (a)
Rs. 20,000
- (b)
Rs. 22,000
- (c)
Rs. 24,000
- (d)
Rs. 25,000
- (e)
None of these
What should be the least number of years in which the simple interest on Rs. 2600 at 6\(2\over3\)% will be an exact number of rupees ?
- (a)
2
- (b)
3
- (c)
4
- (d)
5
The rates of simple interest in two banks A and B are in the ratio 5 : 4. A person wants to deposit his total savings in two banks in such a way that he received equal half-yearly interest from both. He should deposit the saving in banks A and B in the ratio :
- (a)
2 : 5
- (b)
4 : 5
- (c)
5 : 2
- (d)
5 : 4
A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more. The sum is :
- (a)
Rs. 1200
- (b)
Rs. 1500
- (c)
Rs. 1600
- (d)
Rs. 1800
If the annual rate of simple interest increases from 10 % to 12\(1\over2\)%, a man's yearly income increases by Rs. 1250. HIs principal (in Rs. ) is:
- (a)
45,000
- (b)
50,000
- (c)
60,000
- (d)
65,000
A person take a loan of Rs.200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
- (a)
Rs. 105
- (b)
Rs. 110
- (c)
Rs. 115
- (d)
Rs. 115.50
If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increase by Rs. 180. The sum is :
- (a)
Rs. 1800
- (b)
Rs. 3600
- (c)
Rs. 5400
- (d)
Data inadequate
- (e)
None of these
Divide Rs. 2379 into 3 parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is :
- (a)
Rs. 759
- (b)
Rs. 792
- (c)
Rs. 818
- (d)
Rs. 828
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.
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question
- (d)
if the data in both Statement I and II together are not sufficient to answer the question
- (e)
if the data in both Statement I and II together are necessary to answer the question
How much money did X-invest ?
I. An increase in the rate of interest from 4\(7\over8\)% to 5\(1\over8\)% per annum increases his yearly income by Rs. 25.
II. The sum invested gets doubled, when invested at 8% p.a. for 12\(1\over2\) years.
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question
- (d)
if the data in both Statement I and II together are not sufficient to answer the question
- (e)
if the data in both Statement I and II together are necessary to answer the question
What percentage of simple interest per annum did Anand pay to Deepak ?
I. Anand borrowed Rs. 8000 for Deepak for four years.
II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question
- (d)
if the data in both Statement I and II together are not sufficient to answer the question
- (e)
if the data in both Statement I and II together are necessary to answer the question
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.
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question
- (d)
if the data in both Statement I and II together are not sufficient to answer the question
- (e)
if the data in both Statement I and II together are necessary to answer the question
What is the prinicipal 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.
- (a)
I and III only
- (b)
II and III only
- (c)
I and II only
- (d)
I and III only, or II and III only
- (e)
Any two of the three