Quantitative Aptitude MCQ On - Simple Interest - Online Test Part - 2

Simple Interest Online Test Part - 2

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

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Question - 1:Avinash borrowed Rs. 5000 from Sanjay at simple interest. After 3 years, Sanjay got Rs. 300 more than what he had given to Avinash. What was the rate of interest per annum??

1. 2%
2. 5%
3. 8%
4. 10%

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Answer = A - 2%
Explanation: No Explanation

Question - 2:How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest??

1. 3.5 years
2. 4 years
3. 4.5 years
4. 5 years

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Answer = B - 4 years
Explanation: No Explanation

Question - 3: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 all from both of them as interest. The rate of interest per annum is ?

1. 5%
2. 7%
3. 8%
4. 10%

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Answer = D - 10%
Explanation: No Explanation

Question - 4:Sachin borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends money to Rahul at 25/4% p.a. for 2 years. Find the gain of one year by Sachin. ?

1. 110.50
2. 111.50
3. 112.50
4. 113.50

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Answer = C - 112.50
Explanation: No Explanation

Question - 5:Ashok took a loan of Rs. 15000 for 3 years at simple interest. If the total interest paid is R. 2700, what is the rate of interest per annum ??

1. 5.4%
2. 6%
3. 9%
4. 18%

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Answer = B - 6%
Explanation: No Explanation

Question - 6: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? ?

1. 3.6
2. 6
3. 18
4. Cannot be determined

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Answer = B - 6
Explanation: No Explanation

Question - 7:A money lender finds that dues to a fall in the annual rate of interest from 8% to 7x3/4%, his yearly income diminishes by Rs. 61.50. His capital is ?

1. Rs. 22,400
2. Rs. 23,800
3. Rs. 24,600
4. Rs. 26,000

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Answer = C - Rs. 24,600
Explanation: No Explanation

Question - 8:If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (in Rs.) in a period of 3 years is ?

1. Rs. 154.50
2. Rs. 155.50
3. Rs. 156.50
4. Rs. 157.50

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Answer = D - Rs. 157.50
Explanation: No Explanation

Question - 9:Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the total interest paid was Rs. 1230, the principal was : ?

1. Rs. 4100
2. Rs. 4920
3. Rs. 5000
4. 5300

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Answer = A - Rs. 4100
Explanation: No Explanation

Question - 10: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? ?

1. 3%
2. 4%
3. 5%
4. 6%

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Answer = D - 6%
Explanation: No Explanation

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