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MCQOPTIONS
This section includes 97 Mcqs, each offering curated multiple-choice questions to sharpen your SIMPLE INTEREST knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
A sum of Rs. 2665 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum? |
| A. | Rs.1678 |
| B. | Rs.1640 |
| C. | Rs.2341 |
| D. | None |
| Answer» C. Rs.2341 | |
| 52. |
A sum of money becomes double itself in 8 years at simple interest. How many times will it become 10 years at the same rate? |
| A. | 2 1/4 |
| B. | 4 1/4 |
| C. | 5 1/4 |
| D. | None |
| Answer» B. 4 1/4 | |
| 53. |
A sum of money becomes triple itself in 5 years at simple interest. How many years will it become six times at the same rate? |
| A. | 12 1/2 years |
| B. | 12 years |
| C. | 11 1/2 years |
| D. | 11 years |
| Answer» B. 12 years | |
| 54. |
A part of certain sum of money is invested at 9% per annum and the rest at 12% per annum, if the interest earned in each case for the same period is equal, then ratio of the sums invested is? |
| A. | 2:3 |
| B. | 3:4 |
| C. | 4:3 |
| D. | None |
| Answer» D. None | |
| 55. |
Vijay lent out an amount Rs. 10000 into two parts, one at 8% p.a. and the remaining at 10% p.a. both on simple interest. At the end of the year he received Rs. 890 as total interest. What was the amount he lent out at 8% pa.a? |
| A. | Rs. 6000 |
| B. | Rs. 5500 |
| C. | Rs. 4500 |
| D. | Rs. 5000 |
| Answer» C. Rs. 4500 | |
| 56. |
At what rate of interest is an amount doubled in two years, when compounded annually? |
| A. | 30% |
| B. | 41.4% |
| C. | 45.2% |
| D. | 73.2% |
| Answer» C. 45.2% | |
| 57. |
An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount? |
| A. | Rs. 3800 |
| B. | Rs. 3780 |
| C. | Rs. 3720 |
| D. | Cannot be determined |
| Answer» D. Cannot be determined | |
| 58. |
A certain sum becomes four times itself at simple interest in eight years. In how many years does it become ten times itself? |
| A. | 21 |
| B. | 25 |
| C. | 27 |
| D. | None of these |
| Answer» E. | |
| 59. |
A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum? |
| A. | Rs. 7000 |
| B. | Rs. 8500 |
| C. | Rs. 8000 |
| D. | Rs. 7500 |
| Answer» B. Rs. 8500 | |
| 60. |
A certain sum becomes Rs. 20720 in four years and 24080 in six years at simple interest. Find sum and rate of interest? |
| A. | Rs. 12000; 12% p.a. |
| B. | Rs. 14000; 12% p.a. |
| C. | Rs. 12000; 15% p.a. |
| D. | Rs. 14000; 15% p.a. |
| Answer» C. Rs. 12000; 15% p.a. | |
| 61. |
A sum of money triples itself in twelve years at simple interest. Find the rate of interest? |
| A. | 12 1/2 % p.a. |
| B. | 14 4/7 % p.a. |
| C. | 15 2/3 % p.a. |
| D. | None of these |
| Answer» E. | |
| 62. |
In what time will Rs.4000 lent at 3% per annum on simple interest earn as much interest as Rs.5000 will earn in 5 years at 4% per annum on simple interest? |
| A. | 8 1/3 years |
| B. | 9 years |
| C. | 7 1/2 years |
| D. | 7 1/3 years |
| Answer» B. 9 years | |
| 63. |
Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5%? |
| A. | Rs.1000 |
| B. | Rs.750 |
| C. | Rs.600 |
| D. | Rs.500 |
| Answer» E. | |
| 64. |
A certain sum of money doubles itself in 10 years in how much many years will it trible itself at the same rate? |
| A. | 20 years |
| B. | 15 years |
| C. | 30 years |
| D. | 17 1/2 years |
| Answer» B. 15 years | |
| 65. |
4000 was divided into two parts such a way that when first part was invested at 3% and the second at 5%, the whole annual interest from both the investments is Rs.144, how much was put at 3%? |
| A. | Rs.2500 |
| B. | Rs.2700 |
| C. | Rs.2800 |
| D. | Rs.5000 |
| Answer» D. Rs.5000 | |
| 66. |
If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest? |
| A. | 26 2/3 % |
| B. | 30 % |
| C. | 27 1/2% |
| D. | 40 % |
| Answer» E. | |
| 67. |
If rupee one produces rupees nine over a period of 40 years, find the rate of simple interest? |
| A. | 20 % |
| B. | 10 % |
| C. | 15 % |
| D. | 22 1/2% |
| Answer» E. | |
| 68. |
Rs.2500 is divided into two parts such that if one part be put out at 5% simple interest and the other at 6%, the yearly annual income may be Rs.140. How much was lent at 5%? |
| A. | Rs.1500 |
| B. | Rs.1300 |
| C. | Rs.1200 |
| D. | Rs.1000 |
| Answer» E. | |
| 69. |
If x is the interest on y and y is the interest on z, the rate and time is the same on both the cases. What is the relation between x, y and z? |
| A. | xyz = 1 |
| B. | X = yz |
| C. | Y = xz |
| D. | Z = xy |
| Answer» D. Z = xy | |
| 70. |
The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent. Find the rate and the time? |
| A. | 6 2/3 years; 6 2/3 % |
| B. | 5 1/3 years; 5 1/3 % |
| C. | 4 2/3 years; 4 2/3 % |
| D. | None |
| Answer» B. 5 1/3 years; 5 1/3 % | |
| 71. |
Sonika deposited Rs.8000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much? |
| A. | Rs.9680 |
| B. | Rs.9860 |
| C. | Rs.9380 |
| D. | Rs.9800 |
| Answer» B. Rs.9860 | |
| 72. |
In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.? |
| A. | 22 |
| B. | 24 |
| C. | 25 |
| D. | 23 |
| Answer» B. 24 | |
| 73. |
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? |
| A. | Rs.800 |
| B. | Rs.900 |
| C. | Rs.1200 |
| D. | Rs.1500 |
| Answer» D. Rs.1500 | |
| 74. |
A certain sum of money at simple interest amounted Rs.840 in 10 years at 3% per annum, find the sum? |
| A. | Rs.500 |
| B. | Rs.515 |
| C. | Rs.525 |
| D. | None |
| Answer» E. | |
| 75. |
In what time a sum of money double itself at 3% per annum simple interest? |
| A. | 29 years |
| B. | 33 1/3 years |
| C. | 23 1/3 years |
| D. | 13 1/3 years |
| Answer» C. 23 1/3 years | |
| 76. |
At what rate percent on simple interest will a sum of money double itself in 30 years? |
| A. | 3 1/3 % |
| B. | 3 1/2% |
| C. | 4 % |
| D. | 4 1/2 % |
| Answer» B. 3 1/2% | |
| 77. |
A certain sum amounts to Rs.1725 in 3 years and Rs.1875 in 5 years. Find the rate % per annum? |
| A. | 3% |
| B. | 5% |
| C. | 6% |
| D. | 4% |
| Answer» C. 6% | |
| 78. |
Find the simple interest on Rs.500 for 9 months at 6 paisa per month? |
| A. | Rs.345 |
| B. | Rs.270 |
| C. | Rs.275 |
| D. | Rs.324 |
| Answer» C. Rs.275 | |
| 79. |
What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in 4 Years? |
| A. | 5% |
| B. | 6% |
| C. | 4 1/2% |
| D. | 3 1/2 % |
| Answer» B. 6% | |
| 80. |
At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years? |
| A. | 5% |
| B. | 3 1/2% |
| C. | 4% |
| D. | 5 1/2 % |
| Answer» D. 5 1/2 % | |
| 81. |
What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent? |
| A. | Rs.525 |
| B. | Rs.500 |
| C. | Rs.550 |
| D. | Rs.555 |
| Answer» C. Rs.550 | |
| 82. |
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120? |
| A. | Rs.1000 |
| B. | Rs.1100 |
| C. | Rs.1050 |
| D. | Rs.1200 |
| Answer» B. Rs.1100 | |
| 83. |
How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months? |
| A. | Rs. 3770 |
| B. | Rs. 2850.50 |
| C. | Rs. 3587.50 |
| D. | Rs. 3750 |
| Answer» D. Rs. 3750 | |
| 84. |
What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years? |
| A. | Rs. 24800 |
| B. | Rs. 28400 |
| C. | Rs. 24400 |
| D. | Rs. 28800 |
| Answer» E. | |
| 85. |
In how many years will a sum of money doubles itself at 5% per annum on simple interest? |
| A. | 22 years |
| B. | 20 years |
| C. | 21 years |
| D. | 29 years |
| Answer» C. 21 years | |
| 86. |
Manoj borrowed Rs.3450 from Anwar at 6% p.a. simple interest for three years. He then added some more money to the borrowed sum and lent it to Ramu for the same time at 9% p.a. simple interest. If Manoj gains Rs.824.85 by way of interest on the borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Ramu? |
| A. | Rs.3,870 |
| B. | Rs.5,355 |
| C. | Rs.3,855 |
| D. | Rs.3600 |
| Answer» C. Rs.3,855 | |
| 87. |
Anil invested a sum of money at a certain rate of simple interest for a period of five years. Had he invested the sum for a period of eight years for the same rate, the total intrest earned by him would have been sixty percent more than the earlier interest amount. Find the rate of interest p.a. |
| A. | 6% |
| B. | 9% |
| C. | 12.5% |
| D. | Cannot be determined |
| Answer» E. | |
| 88. |
The price of a T.V. set worth Rs. 20000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be? |
| A. | Rs. 1050 |
| B. | Rs. 2050 |
| C. | Rs. 3000 |
| D. | None of these |
| Answer» E. | |
| 89. |
A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is? |
| A. | Rs. 22,400 |
| B. | Rs. 23,800 |
| C. | Rs. 24,600 |
| D. | Rs. 26,000 |
| Answer» D. Rs. 26,000 | |
| 90. |
If the annual rate of simple interest increases from 10% to 12 1/2 %, a man's yearly income increases by Rs. 1250. His principal in Rs. is? |
| A. | 45000 |
| B. | 50000 |
| C. | 60000 |
| D. | 65000 |
| Answer» C. 60000 | |
| 91. |
Peter invested an amount of Rs. 12,000 at the rate of 10% p.a simple interest and another amount at the rate of 20% p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14% p.a. Find the total amount invested? |
| A. | Rs. 20,000 |
| B. | Rs. 22,000 |
| C. | Rs. 24,000 |
| D. | Rs. 25,000 |
| Answer» B. Rs. 22,000 | |
| 92. |
A lends Rs. 2500 to B and a certain to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is? |
| A. | Rs. 700 |
| B. | Rs. 1500 |
| C. | |
| D. | D. |
| Answer» C. | |
| 93. |
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? |
| A. | 5% |
| B. | 7% |
| C. | 7 1/8 % |
| D. | 10% |
| Answer» E. | |
| 94. |
A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is? |
| A. | 5 5/9 % |
| B. | 6 5/9 % |
| C. | 18% |
| D. | 25% |
| Answer» B. 6 5/9 % | |
| 95. |
The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is? |
| A. | 0.1% |
| B. | 0.2% |
| C. | 0.3% |
| D. | 0.4% |
| Answer» D. 0.4% | |
| 96. |
In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum? |
| A. | 1 1/4 years |
| B. | 1 3/4 years |
| C. | 2 1/4 years |
| D. | 2 3/4 years |
| Answer» B. 1 3/4 years | |
| 97. |
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years? |
| A. | 4% |
| B. | 5 2/3 % |
| C. | 6% |
| D. | 6 2/3 % |
| Answer» B. 5 2/3 % | |