Simple Interest - Quantitative Aptitude Questions - Online Test Part - 10

Simple Interest Online Test Part - 10

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 money trebles itself in 15 years 6 months. In how many years would it doube itself ??

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

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Answer = B - 7 years 9 months
Explanation: No Explanation

Question - 2:A man investa an amount of Rs. 15860 in the ames of his three sons A , B and C in such a way that they get the same amount after 2, 3 and 4 years respectively. If the rate of simple interest is 5%, then the ratio of amounts invested among A, B and C will be : ?

1. 10 : 15 : 20
2. 22: 23 : 24
3. 6 : 4 : 3
4. 2 : 3 : 4

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Answer = C - 6 : 4 : 3
Explanation: No Explanation

Question - 3:A sum of money amounts to Rs 9800 after 5 years and Rs 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is ?

1. 9%
2. 10%
3. 11%
4. 12%

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Answer = D - 12%
Explanation: No Explanation

Question - 4: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

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Answer = C - Rs. 115
Explanation: No Explanation

Question - 5:What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8% per annum? ?

1. Rs. 65.60
2. Rs. 100
3. Rs. 166.40
4. Rs. 120

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Answer = B - Rs. 100
Explanation: No Explanation

Question - 6:Rs. 2189 are divided into threeparts such that their amounts after 1 , 2 and 3 years respectively may be equal, the rate of simple interest being 4% p.a. in all cases. The smallest part is : ?

1. Rs 702
2. Rs.597
3. Rs. 756
4. Rs. 1093

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Answer = B - Rs.597
Explanation: No Explanation

Question - 7: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. 10.5%
3. 10.25%
4. None of these

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Answer = C - 10.25%
Explanation: No Explanation

Question - 8:The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth year ? ?

1. Rs. 900
2. Rs. 1100
3. Rs. 1200
4. Data inadequate

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Answer = A - Rs. 900
Explanation: No Explanation

Question - 9:The rates of simple interest in two banks A and B are in the ratio 5 : 4 , A person wants to deposit has total savings in two banks in such a way that he received equal half yearsly interest from both. He should deposit the savings in banks A and B in the ratio : ?

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

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Answer = B - 4 : 5
Explanation: No Explanation

Question - 10:The rate of interest on a sum of money is 4% p.a. for the first 2 years 6% p.a. for the next 3 years and 8% p.a. for the period beyond 5 years. If the simple interest accured by the sum for a total period of 8 years is Rs. 1280, what is the sum ??

1. Rs. 1523
2. Rs. 1680
3. Rs. 2560
4. Rs. 2840

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Answer = C - Rs. 2560
Explanation: No Explanation

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