Simple Interest - Aptitude Questions and Answers - Online Test Part 1

Simple Interest Online Test Part - 1

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

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Question - 1:At the rate of 6% p.a. simple interest, a sum of Rs. 2500 will earn how much interest by the end of 5 years ??

1. Rs. 150
2. Rs. 700
3. Rs. 750
4. Rs. 3250

Show/Hide Answer

Answer = C - Rs. 750
Explanation: No Explanation

Question - 2: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. 700
4. Rs. 698

Show/Hide Answer

Answer = D - Rs. 698
Explanation: No Explanation

Question - 3:A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?

1. Rs. 2000
2. Rs. 10,000
3. Rs. 15,000
4. Rs. 20,000

Show/Hide Answer

Answer = C - Rs. 15,000
Explanation: No Explanation

Question - 4:Find the simple interest on Rs 7000 at 50/3 % for 9 months ?

1. Rs. 1075
2. Rs. 975
3. Rs. 875
4. Rs. 775

Show/Hide Answer

Answer = C - Rs. 875
Explanation: No Explanation

Question - 5:A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount will he pay to clear the debt after 4 years ? ?

1. Rs. 200
2. Rs. 600
3. Rs. 550
4. Rs. 700

Show/Hide Answer

Answer = B - Rs. 600
Explanation: No Explanation

Question - 6: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. 7200

Show/Hide Answer

Answer = A - Rs. 6400
Explanation: No Explanation

Question - 7:The price of a T.V set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first instalments be paid at the time of purchase, then the value of the last instalments covering the interest as well will be ?

1. Rs.1050
2. Rs. 2050
3. Rs. 3000
4. Rs. 19000

Show/Hide Answer

Answer = D - Rs. 19000
Explanation: Monet paid in cash = Rs. 1000.
Balance amount = Rs. (20000 - 1000)
‹=› Rs. 19000.

Question - 8:Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005 ?

1. Rs 25
2. Rs 30
3. Rs 35
4. Rs 40

Show/Hide Answer

Answer = A - Rs 25
Explanation: No Explanation

Question - 9: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. 107.50
2. 115.50
3. 157.50
4. 177.50

Show/Hide Answer

Answer = C - 157.50
Explanation: No Explanation

Question - 10: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

Show/Hide Answer

Answer = D - Rs. 8925
Explanation: No Explanation

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