Quantitative Aptitude Quiz On - Simple Interest - Online Test Part - 7

Simple Interest Online Test Part - 7

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

---

Question - 1:Gulshan Kumar borrows Rs. 300 at 5% and Rs. 450 at 6% at the same time and on the condition that the whole loan will be prepaid when the total interest amounts to Rs. 126. The loan will have to be repaid after how many years ??

1. 2
2. 3
3. 4
4. 5

Show/Hide Answer

Answer = B - 2
Explanation: No Explanation

Question - 2: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. 105
2. Rs. 110
3. Rs. 115
4. Rs. 115.50

Show/Hide Answer

Answer = C - Rs. 115
Explanation: Amount to be paid = Rs.(100+200x5x1/100 + 100x5x1/100)
‹=›Rs. 115.

Question - 3: In how many years will a sum of money double itself at 12% per annum ??

1. 6 years 9 months
2. 7 years 6 months
3. 8 years 3 months
4. 8 years 4 months

Show/Hide Answer

Answer = D - 8 years 4 months
Explanation: No Explanation

Question - 4:A monthly instalment of Rs. 180 is required to be paid for repayment of an interest free loan in 40 months. If it is decided to pay it in 30 months, how much will be the monthsly instalment in rupees??

1. 60
2. 198
3. 240
4. 330

Show/Hide Answer

Answer = C - 240
Explanation: No Explanation

Question - 5:At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years ?

1. 1%
2. 1%
3. 3%
4. 4%

Show/Hide Answer

Answer = D - 4%
Explanation: No Explanation

Question - 6: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. 8925
3. Rs. 8032.50
4. Rs. 8900

Show/Hide Answer

Answer = B - Rs. 8925
Explanation: No Explanation

Question - 7: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?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 - 8:Prabhat took a certain amount as a loan from bank at the rate of 8% p.a. S.I. and gave the same amount to ashish as a loand at the rate of 12% p.a. If at the end of 12 years. He made a profit of Rs. 320 in the deal, what was the original amount ? ?

1. Rs. 2000
2. Rs. 3000
3. Rs. 4000
4. None of these

Show/Hide Answer

Answer = D - None of these
Explanation: No Explanation

Question - 9:At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years??

1. 2%
2. 4%
3. 6%
4. 11%

Show/Hide Answer

Answer = B - 4%
Explanation: No Explanation

Question - 10:If a sum of money doubles itself in 8 years at simple interest, the rate percent per annum is : ?

1. 11.5
2. 12
3. 12.5
4. 13

Show/Hide Answer

Answer = C - 12.5
Explanation: No Explanation

Comment Via Facebook