Quantitative Aptitude Questions On - Simple Interest - Online Test Part - 3

Simple Interest Online Test Part - 3

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

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Question - 1: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

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Answer = B - 10.25%
Explanation: No Explanation

Question - 2: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? ?

1. Rs. 4462.50
2. Rs. 8032.50
3. Rs. 8900
4. Rs. 8925

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Answer = D - Rs. 8925
Explanation: Principal = Rs. (100×4016.25 / 9×5)
‹=› Rs. (401625/45)
‹=› Rs. 8925.

Question - 3:Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was ?

1. 4100
2. 4200
3. 4300
4. 4400

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Answer = A - 4100
Explanation: No Explanation

Question - 4:Satish took a loan at 10%p.a. S.I. After 4 years, he returned the principal along with the interest. If he returns in all Rs. 3500, what is the principal amount ? ?

1. Rs. 3250
2. Rs. 2500
3. Rs. 3150
4. Rs. 2100

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Answer = B - Rs. 2500
Explanation: No Explanation

Question - 5: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 - 6:A sum of money at simple interest amounts to Rs.815 in 3 years and to Rs. 854 in 4 years. The sum is ?

1. Rs. 650
2. Rs. 690
3. Rs. 698
4. Rs. 700

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Answer = C - Rs. 698
Explanation: No Explanation

Question - 7:Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.?

1. 10%
2. 20%
3. 30%
4. 40%

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Answer = B - 20%
Explanation: No Explanation

Question - 8:Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ? ?

1. Rs. 992
2. Rs. 1056
3. Rs. 1112
4. Rs. 1182

Show/Hide Answer

Answer = A - Rs. 992
Explanation: No Explanation

Question - 9:A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? ?

1. 3.6%
2. 4.5%
3. 5%
4. None of these

Show/Hide Answer

Answer = D - None of these
Explanation: No Explanation

Question - 10: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

Show/Hide Answer

Answer = B - 4 years
Explanation: No Explanation

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