Online Quantitative Aptitude On - Simple Interest - Online Test Part - 5

Simple Interest Online Test Part - 5 

Exam Name - Quantitative Aptitude
Subject Name - Simple Interest
Exam Type - Multiple Choice Questions
No Of Questions - 10

---

Question - 1: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??

1. Rs. 35
2. Rs. 245
3. Rs. 350
4. Cannot be determined

Show/Hide Answer

Answer = D - Cannot be determined
Explanation: No Explanation

Question - 2: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 ?

1. 10%
2. 10.25%
3. 10.5%
4. None of these

Show/Hide Answer

Answer = B - 10.25%
Explanation: No Explanation

Question - 3:What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?

1. 110
2. 120
3. 130
4. 140

Show/Hide Answer

Answer = B - 120
Explanation: No Explanation

Question - 4:For how many years should Rs. 600 be invested at 10% p.a. in order to earn the same simple interest as is earned by investing Rs. 800 at 12% p.a. for 5 years ??

1. 6
2. 8
3. 9
4. 10

Show/Hide Answer

Answer = B - 8
Explanation: No Explanation

Question - 5: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. ?

1. Rs. 112.50
2. Rs. 125
3. Rs. 150
4. Rs. 167.50

Show/Hide Answer

Answer = A - Rs. 112.50
Explanation: No Explanation

Question - 6:A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is ?

1. Rs. 500
2. Rs. 600
3. Rs. 700
4. Rs. 710

Show/Hide Answer

Answer = B - Rs. 600
Explanation: S.I. for 5 year = Rs.(1020 - 720)
= Rs. 300.
S.I. for 2 year = Rs.(300/5×2)
= Rs. 120.
Principal = Rs. (720 - 120)
= Rs. 600.

Question - 7:Reema 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. ?

1. 2%
2. 3%
3. 6%
4. 8%

Show/Hide Answer

Answer = C - 6%
Explanation: No Explanation

Question - 8: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 ??

1. 6%
2. 8%
3. 9%
4. 10%

Show/Hide Answer

Answer = B - 8%
Explanation: No Explanation

Question - 9: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?

1. 5%
2. 8%
3. 15%
4. 12%

Show/Hide Answer

Answer = D - 12%
Explanation: No Explanation

Question - 10:A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.?

1. Rs 14000
2. Rs 15000
3. Rs 16000
4. Rs 17000

Show/Hide Answer

Answer = B
Explanation: No Explanation

Comment Via Facebook