166 + Mcqs in Interest Page 2 McqOptions

51.	The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years is equal to rate percent per annum. The rate percent is=?
A.	.5%
B.	%
C.	.5%
D.	0%
Answer» C. .5%

Discussion

52.	Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ?
A.	s. 35400
B.	s. 36000
C.	s. 36800
D.	annot be determined
E.	one of these
Answer» F.

Discussion

53.	Arun borrowed a sum of money from Jayant at the rate of 8%per annum simple interest for the first four years, 10%per annum for the next 6 years and 12%per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow?
A.	s. 8000
B.	s. 9000
C.	s. 10000
D.	s. 12000
Answer» B. s. 9000

Discussion

54.	If x, y, z are three sums of money such that y is the simple interest on x, z is the simple interest on y for the same time and at the same rate of interest, then we have.
A.	2 = yz
B.	2 = xz
C.	2 = xy
D.	yz = 1
Answer» C. 2 = xy

Discussion

55.	With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is = ?
A.	%
B.	%
C.	%
D.	%
Answer» D. %

Discussion

56.	Simple interest on Rs. 500 for 4 years at 6.25%per annum is equal to the simple interest on Rs. 400 at 5%per annum for a certain period of time. The period of time is=?
A.	years
B.	years
C.	$6\frac{1}{4}$$ years
D.	$8\frac{2}{3}$$ years
Answer» D. $8\frac{2}{3}$$ years

Discussion

57.	A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is
A.	s. 650
B.	s. 690
C.	s. 698
D.	s. 700
Answer» D. s. 700

Discussion

58.	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
A.	0%
B.	0.25%
C.	0.5%
D.	one of these
Answer» C. 0.5%

Discussion

59.	If Rs. 12000 is divided into two parts such that the simple interest on the first part for 3 years at 12%per annum is equal to the simple interest on the second part for $$4\frac{1}{2}$$ years at 16%per annum, the greater part is=?
A.	s. 8000
B.	s. 6000
C.	s. 7000
D.	s. 7500
Answer» B. s. 6000

Discussion

60.	A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate becomes three times in 12 years. The lower rate of interest per annum is=?
A.	5%
B.	0%
C.	${\text{15}}\frac{3}{4}$$ %
D.	$16\frac{2}{3}$$ %
Answer» E.

Discussion

61.	Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be=?
A.	s. 8000
B.	s. 8250
C.	s. 9250
D.	s. 9000
Answer» C. s. 9250

Discussion

62.	The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of interest the same account of interest can be received on the same sum after 5 years?
A.	%
B.	%
C.	%
D.	0%
Answer» C. %

Discussion

63.	The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs.1536. what amount of simple interest would one get if one invests Rs.1000 more than the previous principal for 2 years and at the same rate p.c.p.a. ?
A.	s. 614.40
B.	s. 845.40
C.	s. 1536
D.	s. 2136
E.	one of these
Answer» F.

Discussion

64.	Rs. 6200 amounts to Rs. 9176 in 4 years at simple interest. If the interest rate is increased by 3%it would amount to how much?
A.	s. 8432
B.	s. 9820
C.	s. 9920
D.	s. 10920
Answer» D. s. 10920

Discussion

65.	The simple interest at x%for x years will be Rs. x on a sum of:
A.	s. x
B.	s. $$\frac{{100}}{x}$$
C.	s. 100x
D.	s. $$\frac{{100}}{{{x^2}}}$$
Answer» C. s. 100x

Discussion

66.	Mr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10%and 6%simple interests respectively.If his monthly income was Rs. 2000, then the difference of his deposits in the post office and in the bank was = ?
A.	s. 100000
B.	s. 40000
C.	s. 50000
D.	s. Nil
Answer» E.

Discussion

67.	If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is=?
A.	%
B.	%
C.	%
D.	%
Answer» B. %

Discussion

68.	A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charges a simple interest at the rate of 12%per year. The total amount he pays for TV is=?
A.	s. 18200
B.	s. 17200
C.	s. 17800
D.	s. 16800
Answer» D. s. 16800

Discussion

69.	What equal installment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4%per annum simple interest ?
A.	s. 200
B.	s. 212
C.	s. 225
D.	s. 250
Answer» B. s. 212

Discussion

70.	A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1%higher rate, it would have fetched Rs. 5100 more. The sum is
A.	s. 1, 20, 000
B.	s. 1, 25, 000
C.	s. 1, 50, 000
D.	s.1, 70, 000
Answer» E.

Discussion

71.	The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5%per annum is = ?
A.	s. 1368
B.	s. 1338
C.	s. 1425
D.	s. 1400
Answer» B. s. 1338

Discussion

72.	A boy aged 12 years is left with Rs. 100000 which is under a trust. The trustees invest the money at 6%per annum and pay the minor boy a sum of Rs. 2500, for his pocket money at the end of each year. The expenses of trust come out to be Rs. 500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years ?
A.	s. 125000
B.	s. 118000
C.	s. 150000
D.	s. 120000
Answer» C. s. 150000

Discussion

73.	If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is:
A.	s. 1800
B.	s. 3600
C.	s. 5400
D.	ata inadequate
E.	one of these
Answer» E. one of these

Discussion

74.	A computer is available for Rs. 39000 cash or Rs. 17000 as cash down payment followed by five monthly instalments of Rs. 4800 each. What is the rate of interest under the instalment plan?
A.	5.71 % p.a.
B.	6.71 % p.a.
C.	7.71 % p.a.
D.	8.71 % p.a.
Answer» E.

Discussion

75.	A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest is:
A.	$9\frac{1}{{11}}$$ %
B.	0%
C.	1%
D.	$21\frac{9}{{11}}$$ %
Answer» E.

Discussion

76.	A man invested Rs. 5000 at some rate of simple interest and Rs. 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is
A.	% p.a.
B.	% p.a.
C.	$6\frac{1}{4}$$ % p.a.
D.	$8\frac{1}{3}$$ % p.a.
Answer» B. % p.a.

Discussion

77.	Arvind deposited a sum of money with a bank on 1st january, 2012 at 8%simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?
A.	s. 3080
B.	s. 2500
C.	s. 3000
D.	s. 3100
Answer» D. s. 3100

Discussion

78.	The principal which gives Rs 1 interest per day at a rate of 5%simple interest per annum is=?
A.	s. 5000
B.	s. 35500
C.	s. 7300
D.	s. 3650
Answer» D. s. 3650

Discussion

79.	A sum of Rs. 7930 is divided into 3 parts and given at loan at 5%simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of=?
A.	s. 2800
B.	s. 3050
C.	s. 2750
D.	s. 2760
Answer» E.

Discussion

80.	Two equal sums of money are lent at the same time at 8%and 7%per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 2560. The sum and the time for which the sums of money are lent out are.
A.	s. 2000, 3.5 years and 4 years
B.	s. 1500, 3.5 years and 4 years
C.	s. 2000, 4 years and 5.5 years
D.	s. 3000, 4 years and 4.5 years
Answer» B. s. 1500, 3.5 years and 4 years

Discussion

81.	A person invested some account at the rate of 12%simple interest and a certain amount at rate of 10%simple interest. He received yearly interest of Rs. 130. But if he had interchanged the amounts invested,he would have received Rs. 4 more as interest. How much did he invest at 12%simple interest ?
A.	s. 400
B.	s. 500
C.	s. 700
D.	s. 800
Answer» C. s. 700

Discussion

82.	A some of money lent out at simple interest amount to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?
A.	s. 6000
B.	s. 600
C.	s. 1740
D.	s. 120
Answer» C. s. 1740

Discussion

83.	Ram deposited a certain sum of money in a company at 12%per annum simple interest for 4 years and deposited equal amounts in fixed deposit in a bank for 5 years at 15%per annum simple interest. If the difference in the interest from two sources is Rs. 1350 then the sum deposited in each case is=?
A.	s. 3000
B.	s. 4000
C.	s. 6500
D.	s. 5000
Answer» E.

Discussion

84.	The amount Rs.2100 become Rs. 2352 in 2 years at simple interest. If the interest rate is decreased by 1% , what is the new interest ?
A.	s. 210
B.	s. 220
C.	s. 242
D.	s. 252
Answer» B. s. 220

Discussion

85.	Rahul borrowed a sum of Rs. 1150 from Amit at the simple interest rate of 6 p.c.p.a. for 3 Years. He then added some more money to the borrowed sum and lent it to Sachin for the same time at 9 p.c.p.a simple interest. If Rahul gains Rs. 274.95 by way of interest on borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sachin ?
A.	s. 1200
B.	s. 1285
C.	s. 1690
D.	s. 1785
E.	one of these
Answer» E. one of these

Discussion

86.	A lends Rs. 2500 to B and a certain sum 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.	s. 700
B.	s. 1500
C.	s. 4000
D.	s. 6500
Answer» C. s. 4000

Discussion

87.	Simple interest on a certain amount is $$\frac{9}{{16}}$$ of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is -
A.	$5\frac{1}{2}$$ years
B.	$6\frac{1}{2}$$ years
C.	years
D.	$7\frac{1}{2}$$ years
Answer» E.

Discussion

88.	A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased by 3%p.a. What will be the sum amount to in the same period ?
A.	s. 992
B.	s. 962
C.	s. 942
D.	s. 982
Answer» B. s. 962

Discussion

89.	Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9%p.a. for the next five years and 13%p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?
A.	s. 12000
B.	s. 6000
C.	s. 8000
D.	s. 10000
Answer» D. s. 10000

Discussion

90.	If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, zwe have = ?
A.	2 = xy
B.	yz = 1
C.	2 = yz
D.	2 = zx
Answer» E.

Discussion

91.	Rs. 1000 is invested at 5%per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2000 after = ?
A.	5 years
B.	8 years
C.	0 years
D.	$16\frac{2}{3}$$ years
Answer» E.

Discussion

92.	A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12%and 15%simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is = ?
A.	: 3 : 2
B.	: 3 : 4
C.	: 4 : 6
D.	: 4 : 2
Answer» B. : 3 : 4

Discussion

93.	If the simple interest for 6 years be equal to 30%of the principal, it will be equal to the principal after=?
A.	0 years
B.	0 years
C.	0 years
D.	2 years
Answer» B. 0 years

Discussion

94.	At which sum the simple interest at the rate of $$3\frac{3}{4}$$ %per annum will be Rs. 210 in $$2\frac{1}{3}$$ years?
A.	s. 1580
B.	s. 2400
C.	s. 2800
D.	one of these
Answer» C. s. 2800

Discussion

95.	Veena obtained an amount of Rs. 8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. what is the amount invested by veena?
A.	s. 16660
B.	s. 17180
C.	s. 17450
D.	s. 18110
E.	one of these
Answer» D. s. 18110

Discussion

96.	The population of vultures in a particular locality is decreases by certain rate of interest (compounded annually). If the current population of vultures be 29160 and the ratio of decrease in population for second year and 3rd year be 10 : 9. What was the population of vultures 3 years ago?
A.	0000
B.	5000
C.	0000
D.	0000
E.	annot determined
Answer» D. 0000

Discussion

97.	If a sum of Rs. 13040 is to be repaid in two equal installments at $$3\frac{3}{4}$$ % per annum, what is the amount of each installment?
A.	045
B.	000
C.	5067
D.	889
Answer» E.

Discussion

98.	A sum of money becomes $$\frac{7}{4}$$ of itself in 6 years at a certain rate of simple interest. Find the rate of interest.
A.	2%
B.	$12\frac{1}{2}$$ %
C.	%
D.	4%
Answer» C. %

Discussion

99.	The effective annual rate of interest, corresponding to a nominal rate of 6%per annum payable half yearly is=?
A.	.06%
B.	.07%
C.	.08%
D.	.09%
Answer» E.

Discussion

100.	A person borrows some money for 5 years and ratio of loan amount : total interest amount is 5 : 2. Then find the ratio of loan amount : interest rate is equal to=?
A.	: 25
B.	: 1
C.	: 2
D.	5 : 2
Answer» E.

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years is equal to rate percent per annum. The rate percent is=?

Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ?

Arun borrowed a sum of money from Jayant at the rate of 8%per annum simple interest for the first four years, 10%per annum for the next 6 years and 12%per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow?

If x, y, z are three sums of money such that y is the simple interest on x, z is the simple interest on y for the same time and at the same rate of interest, then we have.

With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is = ?

Simple interest on Rs. 500 for 4 years at 6.25%per annum is equal to the simple interest on Rs. 400 at 5%per annum for a certain period of time. The period of time is=?

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is

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

If Rs. 12000 is divided into two parts such that the simple interest on the first part for 3 years at 12%per annum is equal to the simple interest on the second part for $$4\frac{1}{2}$$ years at 16%per annum, the greater part is=?

A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate becomes three times in 12 years. The lower rate of interest per annum is=?

Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be=?

The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of interest the same account of interest can be received on the same sum after 5 years?

The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs.1536. what amount of simple interest would one get if one invests Rs.1000 more than the previous principal for 2 years and at the same rate p.c.p.a. ?

Rs. 6200 amounts to Rs. 9176 in 4 years at simple interest. If the interest rate is increased by 3%it would amount to how much?

The simple interest at x%for x years will be Rs. x on a sum of:

Mr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10%and 6%simple interests respectively.If his monthly income was Rs. 2000, then the difference of his deposits in the post office and in the bank was = ?

If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is=?

A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charges a simple interest at the rate of 12%per year. The total amount he pays for TV is=?

What equal installment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4%per annum simple interest ?

A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1%higher rate, it would have fetched Rs. 5100 more. The sum is

The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5%per annum is = ?

If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is:

A computer is available for Rs. 39000 cash or Rs. 17000 as cash down payment followed by five monthly instalments of Rs. 4800 each. What is the rate of interest under the instalment plan?

A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest is:

A man invested Rs. 5000 at some rate of simple interest and Rs. 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is

Arvind deposited a sum of money with a bank on 1st january, 2012 at 8%simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?

The principal which gives Rs 1 interest per day at a rate of 5%simple interest per annum is=?

A sum of Rs. 7930 is divided into 3 parts and given at loan at 5%simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of=?

Two equal sums of money are lent at the same time at 8%and 7%per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 2560. The sum and the time for which the sums of money are lent out are.

A person invested some account at the rate of 12%simple interest and a certain amount at rate of 10%simple interest. He received yearly interest of Rs. 130. But if he had interchanged the amounts invested,he would have received Rs. 4 more as interest. How much did he invest at 12%simple interest ?

A some of money lent out at simple interest amount to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?

Ram deposited a certain sum of money in a company at 12%per annum simple interest for 4 years and deposited equal amounts in fixed deposit in a bank for 5 years at 15%per annum simple interest. If the difference in the interest from two sources is Rs. 1350 then the sum deposited in each case is=?

The amount Rs.2100 become Rs. 2352 in 2 years at simple interest. If the interest rate is decreased by 1% , what is the new interest ?

A lends Rs. 2500 to B and a certain sum 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 :

Simple interest on a certain amount is $$\frac{9}{{16}}$$ of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is -

A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased by 3%p.a. What will be the sum amount to in the same period ?

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9%p.a. for the next five years and 13%p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?

If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, zwe have = ?

Rs. 1000 is invested at 5%per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2000 after = ?

A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12%and 15%simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is = ?

If the simple interest for 6 years be equal to 30%of the principal, it will be equal to the principal after=?

At which sum the simple interest at the rate of $$3\frac{3}{4}$$ %per annum will be Rs. 210 in $$2\frac{1}{3}$$ years?

Veena obtained an amount of Rs. 8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. what is the amount invested by veena?

The population of vultures in a particular locality is decreases by certain rate of interest (compounded annually). If the current population of vultures be 29160 and the ratio of decrease in population for second year and 3rd year be 10 : 9. What was the population of vultures 3 years ago?

If a sum of Rs. 13040 is to be repaid in two equal installments at $$3\frac{3}{4}$$ % per annum, what is the amount of each installment?

A sum of money becomes $$\frac{7}{4}$$ of itself in 6 years at a certain rate of simple interest. Find the rate of interest.

The effective annual rate of interest, corresponding to a nominal rate of 6%per annum payable half yearly is=?

A person borrows some money for 5 years and ratio of loan amount : total interest amount is 5 : 2. Then find the ratio of loan amount : interest rate is equal to=?