Explore topic-wise MCQs in Arithmetic Ability.

This section includes 166 Mcqs, each offering curated multiple-choice questions to sharpen your Arithmetic Ability knowledge and support exam preparation. Choose a topic below to get started.

151.

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:

A. 5%
B. 8%
C. 12%
D. 15%
E. None of these
Answer» D. 15%
Discussion
152.

Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.

A. Rs. 1380
B. Rs. 1290
C. Rs. 1470
D. Rs.1200
E. Rs. 1240
Answer» B. Rs. 1290
Discussion
153.

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A. 3.6
B. 6
C. 18
D. Cannot be determined
E. None of these
Answer» C. 18
Discussion
154.

A man took 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:

A. Rs. 2000
B. Rs. 10,000
C. Rs. 15,000
D. Rs. 20,000
Answer» D. Rs. 20,000
Discussion
155.

Find the simple interest on Rs. 5200 for 2 years at 6% per annum.

A. Rs. 450
B. Rs. 524
C. Rs. 600
D. Rs. 624
Answer» E.
Discussion
156.

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

A. 3.6%
B. 4.5%
C. 5%
D. 6%
E. None of these
Answer» F.
Discussion
157.

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.

A. Rs. 1000
B. Rs. 2200
C. Rs. 2000
D. Rs. 1100
E. Rs. 1200
Answer» D. Rs. 1100
Discussion
158.

Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%

A. Rs. 1200
B. Rs.1300
C. Rs. 1400
D. Rs. 300
E. None of these
Answer» B. Rs.1300
Discussion
159.

Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly.

A. Rs. 331
B. Rs. 1331
C. Rs. 320
D. Rs. 325
E. None of these
Answer» B. Rs. 1331
Discussion
160.

What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?

A. Rs. 12.60
B. Rs. 11.30
C. Rs. 15
D. Rs. 13
E. None of these
Answer» B. Rs. 11.30
Discussion
161.

What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?

A. Rs. 269.5
B. Rs. 283
C. Rs. 273
D. Rs. 280
E. None of these
Answer» D. Rs. 280
Discussion
162.

What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?

A. 4%
B. 5%
C. 3%
D. 6%
E. 3.5%
Answer» C. 3%
Discussion
163.

What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?

A. Rs. 5
B. Rs. 10
C. Rs. 20
D. Rs. 40
E. None of these
Answer» B. Rs. 10
Discussion
164.

Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years.

A. Rs. 1,40,000
B. Rs.1,44,000
C. Rs. 1,50,000
D. Rs. 1,60,000
E. None of these
Answer» C. Rs. 1,50,000
Discussion
165.

Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440.

A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
Answer» D. 11%
Discussion
166.

In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly?

A. 6 months
B. 1 year
C. 1(1/2) years
D. 3 months
E. None of these
Answer» B. 1 year
Discussion