Quantitative Aptitude Practice Test On - Simple Interest - Part - 6

Simple Interest Online Test Part - 6

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

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Question - 1:The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month is ?

1. Rs. 1.20
2. Rs. 12
3. Rs. 120
4. Rs.1200

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Answer = A - Rs. 1.20
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: Time = (100 x 81 / 450 x 4.5)years
‹=› (8100/2025)years
‹=› 4 years.

Question - 3: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 : ?

1. Rs. 1200
2. Rs. 1500
3. Rs. 1600
4. Rs. 1800

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Answer = A - Rs. 1200
Explanation: No Explanation

Question - 4: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. 5.6
3. 6
4. 18

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Answer = C - 6
Explanation: Let rate = R% and time = R years. Then
(1200 x R x R / 100) ‹=› 432
‹=›12R2 = 432
‹=›R2 = 36
‹=› 6.

Question - 5:How long will it take a sum of money invested at 5% p.a. S.I. to increase its value by 40% ??

1. 5 years
2. 6 years
3. 7 years
4. 8 years

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Answer = D - 8 years
Explanation: No Explanation

Question - 6:A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount ?

1. 1000`
2. 1500
3. 2000
4. 2500

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Answer = C - 2000
Explanation: No Explanation

Question - 7:Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? ?

1. Rs. 6400
2. Rs. 6500
3. Rs. 7200
4. Rs. 7500

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Answer = A - Rs. 6400
Explanation: No Explanation

Question - 8: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. 9%
2. 10%
3. 11%
4. 12%

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Answer = B - 10%
Explanation: No Explanation

Question - 9:What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? ?

1. 1 : 3
2. 1 : 4
3. 2 : 3
4. Data inadequate

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Answer = C - 2 : 3
Explanation: No Explanation

Question - 10:A person takes 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 : ?

1. Rs. 22.5
2. Rs. 20.25
3. Rs. 225
4. Rs. 427.50

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Answer = A - Rs. 22.5
Explanation: No Explanation

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