Quantitative Aptitude Practice Test Questions On - Simple Interest - Online Test Part - 8

Simple Interest Online Test Part - 8

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

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Question - 1:A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, the money lent at 8% is :?

1. Rs. 650
2. Rs. 720
3. Rs. 840
4. Rs. 900

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Answer = A - Rs. 650
Explanation: No Explanation

Question - 2:Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years. ?

1. Rs 1052
2. Rs 1152
3. Rs 1252
4. Rs 1352

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Answer = A - Rs 1052
Explanation: No Explanation

Question - 3: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 - 4: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. 125
2. Rs. 67.50
3. Rs. 112.50
4. Rs. 150

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Answer = C - Rs. 112.50
Explanation: No Explanation

Question - 5:Vishal lent Rs. 150 to Sandeep for 4 years and Rs. 600 to Deepak for 2 years. If he receives Rs. 90 as simple interest altogether, the rate of interest is :?

1. 12%
2. 10%
3. 4%
4. 5%

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Answer = D - 5%
Explanation: No Explanation

Question - 6:The simple interest on Rs. 1820 from march 9, 2003 to may 21, 2003 at 7x1/2% rate will be ?

1. Rs. 22.50
2. Rs. 27.30
3. Rs. 28.80
4. Rs. 29

Show/Hide Answer

Answer = B - Rs. 27.30
Explanation: Time = (22+30+21) days
‹=›73 days.
‹=› 1/5 year.
S.I = Rs. (1820×15/2×1/5×1/100)
‹=›Rs. 27.30.

Question - 7:If a sum of money at simple interest doubles in 6 years, it will become 4 times in : ?

1. 12 years
2. 14 years
3. 16 years
4. 18 years

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Answer = D - 18 years
Explanation: No Explanation

Question - 8:A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is : ?

1. Rs. 1150
2. Rs. 1250
3. Rs. 1450
4. Rs. 1350

Show/Hide Answer

Answer = C - Rs. 1450
Explanation: No Explanation

Question - 9:In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2% ?

1. 8
2. 9
3. 10
4. 11

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Answer = B - 9
Explanation: No Explanation

Question - 10: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

Show/Hide Answer

Answer = B - 6
Explanation: No Explanation

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