166 + Mcqs in Interest in Arithmetic Ability Page 1 McqOptions

1.	Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4%per annum then Ram's share is=?
A.	s. 12500
B.	s. 137745.02
C.	s. 15200
D.	s. 108200
Answer» C. s. 15200

Discussion

2.	If a sum of money becomes Rs. 4000in 2 years and Rs. 5500 in 4 years 6 months at the same rate of simple interest per annum. Then the rate of simple interest is=?
A.	${\text{21}}\frac{3}{7}$$ %
B.	${\text{21}}\frac{2}{7}$$ %
C.	${\text{21}}\frac{1}{7}$$ %
D.	${\text{21}}\frac{5}{7}$$ %
Answer» B. ${\text{21}}\frac{2}{7}$$ %

Discussion

3.	In simple interest rate per annum a certain sum amounts to Rs. 5182 in 2 years and Rs. 5832 in 3 years. The principal in rupees is=?
A.	s. 2882
B.	s. 5000
C.	s. 3882
D.	s. 4000
Answer» D. s. 4000

Discussion

4.	The sum invested in scheme B is thrice the sum invested in scheme A. The investment in scheme A is made for 4 years at 8%p.a. simple interest and in scheme B for 2 years at 13%p.a. simple interest. The total interest earned from both the schemes is Rs. 1320. How much amount was invested in scheme A?
A.	s. 1200
B.	s.1140
C.	s. 960
D.	s. 1500
Answer» B. s.1140

Discussion

5.	The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find the rate of interest per annum.
A.	1.5%
B.	2%
C.	2.5%
D.	5%
Answer» C. 2.5%

Discussion

6.	A sum becomes its double in 10 years. Find the annual rate of simple interest.
A.	%
B.	%
C.	0%
D.	0%
Answer» D. 0%

Discussion

7.	A sum of Rs. 3000 yields an interest of Rs. 1080 at 12%per annum simple interest in how many years ?
A.	years
B.	years
C.	years
D.	$2\frac{1}{2}$$ years
Answer» C. years

Discussion

8.	Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6%simple interest per annum ?
A.	years
B.	years
C.	years
D.	years
Answer» D. years

Discussion

9.	If a sum of money double itself in 8 years, then the interest rate in percentage is ?
A.	$8\frac{1}{2}$$ %
B.	0%
C.	$10\frac{1}{2}$$ %
D.	$12\frac{1}{2}$$ %
Answer» E.

Discussion

10.	The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is=?
A.	%
B.	%
C.	%
D.	0%
Answer» C. %

Discussion

11.	Find the amount to be received after 2 years 6 months at the rate of 5%p.a. of simple interest on a sum of Rs. 3200.
A.	s. 3800
B.	s. 3500
C.	s. 3600
D.	s. 3900
Answer» D. s. 3900

Discussion

12.	A man invested $$\frac{{\text{1}}}{{\text{3}}}$$ of his capital at 7%;$$\frac{{\text{1}}}{{\text{4}}}$$ at 8%and the remainder at 10%. If his annual income is Rs. 561, the capital is -
A.	s. 5400
B.	s. 6000
C.	s. 6600
D.	s. 7200
Answer» D. s. 7200

Discussion

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

Discussion

14.	If the simple interest on Rs. 1 for 1 month is 1 paisa, then the rate percent per annum will be=?
A.	0%
B.	%
C.	2%
D.	%
Answer» D. %

Discussion

15.	On a certain sum the simple interest for $$12\frac{1}{2}$$ year is $$\frac{3}{4}$$ of the sum. Then the rate of interest is = ?
A.	% per year
B.	% per year
C.	% per year
D.	% per year
Answer» C. % per year

Discussion

16.	A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years=?
A.	4 years
B.	8 years
C.	1 years
D.	0 years
Answer» D. 0 years

Discussion

17.	A certain sum of money amount to Rs 2200 at 5%interest Rs 2320 at 8%interest in the same period of time. The period of time is=?
A.	years
B.	years
C.	years
D.	years
Answer» B. years

Discussion

18.	I had Rs. 10000 with me. Out of this money I lent some money to A for 2 years @ 15%simple interest. I lent the remaining money to B for an equal number of years @18%simpleinterest. After 2 years, I found that A had given me Rs. 360 more as interest as compared to B. The amount of money which I had lent to B must have been.
A.	s. 2000
B.	s. 3000
C.	s. 4000
D.	s. 5000
Answer» D. s. 5000

Discussion

19.	A sum of Rs. 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 percent simple interest will be the same. Find the sum alloted at present to each son.
A.	s. 9500, Rs. 9250
B.	s. 8000, Rs. 1750
C.	s. 9000, Rs. 9750
D.	one of these
Answer» D. one of these

Discussion

20.	Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 year she paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a ?
A.	s. 12000
B.	s. 16000
C.	s. 17500
D.	s. 18000
Answer» B. s. 16000

Discussion

21.	Tushar borrowed a sum of Rs. 12000 at 15%per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ?
A.	s. 15000
B.	s. 11394
C.	s. 12720
D.	s. 13650
Answer» D. s. 13650

Discussion

22.	A sum of Rs. 1440 is lent out in three parts in such away that the interests on first part at 2%for 3 years, second part at 3%for 4 years and third part at 4%for 5 years are equal. Then the difference between the largest and the smallest sum is -
A.	s. 200
B.	s. 400
C.	s. 460
D.	s. 560
Answer» E.

Discussion

23.	An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9%p.a. and second, 11%p.a. If the total interest at the end of one year is $$9\frac{3}{4}$$ %, then the amount invested in each share was -
A.	s. 52, 500; Rs. 47, 500
B.	s. 62, 500; Rs. 37, 500
C.	s. 72, 500; Rs. 27, 500
D.	s. 82, 500; Rs. 17, 500
Answer» C. s. 72, 500; Rs. 27, 500

Discussion

24.	A sum of Rs. 1550 was lent partly at 5%and partly at 8%p.a. simple interest.The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5%to that lent at 8%is:
A.	: 8
B.	: 5
C.	6 : 15
D.	1 : 6
Answer» D. 1 : 6

Discussion

25.	A money lender claims to lend money at the rate of 10%per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually ?
A.	0%
B.	$10\frac{1}{9}$$ %
C.	1%
D.	$11\frac{1}{9}$$ %
Answer» E.

Discussion

26.	For 2 years, a sum was put at SI at a certain rate. If the rate was 3% higher, it would have fetched Rs. 300 more. What will be the sum ?
A.	s. 5000
B.	s. 4800
C.	s. 2500
D.	s. 4484
Answer» B. s. 4800

Discussion

27.	Simple interest on a certain sum at a certain annual rate of interest is $$\frac{1}{9}$$ of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is -
A.	$3\frac{1}{3}$$ %
B.	%
C.	$6\frac{2}{3}$$ %
D.	0%
Answer» B. %

Discussion

28.	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.	2 years
D.	0 years
Answer» C. 2 years

Discussion

29.	A person deposits Rs. 500 in 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was=?
A.	%
B.	%
C.	%
D.	%
Answer» C. %

Discussion

30.	A certain scheme of investment in simple interest declares that it triples the investment in 8 years. If you want to quadruple the money through that scheme for how many years you have to invest for = ?
A.	1 years 6 months
B.	0 years 8 months
C.	0 years
D.	2 years
Answer» E.

Discussion

31.	A person invests Rs. 12000 as fixed deposit at a bank at the rate of 10%per annum simple interest. But due to some pressing needs he has to withdraw the entire money after three years, for which the bank allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is=?
A.	${\text{7}}\frac{5}{9}$$ %
B.	${\text{7}}\frac{4}{9}$$ %
C.	${\text{7}}\frac{8}{9}$$ %
D.	${\text{8}}\frac{7}{9}$$ %
Answer» C. ${\text{7}}\frac{8}{9}$$ %

Discussion

32.	A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4%to 3.75%diminishes his net yearly income by Rs. 48. What is his capital ?
A.	s. 24000
B.	s. 25000
C.	s. 20000
D.	s. 18000
Answer» D. s. 18000

Discussion

33.	Rs. 12000 is divided into two parts such that simple interest on the first part for 3 years at 12%per annum may be equal to the simple interest on the second part for $$4\frac{1}{2}$$ years at 16%per annum. The ratio of the first part to the second part is=?
A.	: 1
B.	: 2
C.	: 3
D.	: 2
Answer» B. : 2

Discussion

34.	The population of a village decreases at the rate of 20%per annum. If its population 2 years ago was 10000, the present population is=?
A.	600
B.	400
C.	600
D.	000
Answer» C. 600

Discussion

35.	In how much time would the simple interest on a certain sum be 0.125 times the principal at 10%per annum?
A.	$1\frac{1}{4}$$ years
B.	$1\frac{3}{4}$$ years
C.	$2\frac{1}{4}$$ years
D.	$2\frac{3}{4}$$ years
Answer» B. $1\frac{3}{4}$$ years

Discussion

36.	The simple interest on a sum of money at 8%per annum for 6 years is half the sum. The sum is:
A.	s. 4800
B.	s. 6000
C.	s. 8000
D.	ate inadequate
Answer» E.

Discussion

37.	In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ?
A.	years
B.	$3\frac{1}{2}$$ years
C.	years
D.	$4\frac{1}{2}$$ years
Answer» C. years

Discussion

38.	Jhoninvested a sum of money at an annual simple interest rate of 10%.At the end of four years the amount invested plus interest earned was Rs. 770. The amount invested was=?
A.	s. 650
B.	s. 350
C.	s. 550
D.	s. 500
Answer» D. s. 500

Discussion

39.	In a certain time, the ratio of a certain principal and interest obtained from it are in the ratio 10 : 3 at 10%interest per annum. The number of years for which the money was invested is=?
A.	year
B.	year
C.	year
D.	year
Answer» C. year

Discussion

40.	Consider the following statementsIf a sum of money is lent at simple interest, then theI - money gets doubled in 5 years if the rate of interest is $$16\frac{2}{3}$$ %II - money gets doubled in 5 years if the rate of interest is 20%.III - money becomes four times in 10 years if it gets doubled in 5 years.
A.	and III are correct
B.	I alone is correct
C.	II alone is correct
D.	I and III are correct
Answer» C. II alone is correct

Discussion

41.	If a sum doubles in 6 years, how much will it be in 8 years ?
A.	$1\frac{1}{2}$$ times
B.	$1\frac{1}{3}$$ times
C.	$1\frac{1}{4}$$ times
D.	$1\frac{3}{4}$$ times
Answer» B. $1\frac{1}{3}$$ times

Discussion

42.	A sum of money at simple interest doubles in 7 years. It will become four times in:
A.	8 years
B.	1 years
C.	8 years
D.	2 years
Answer» C. 8 years

Discussion

43.	A man invests half of his capital at the rate of 10%per annum, one - third at 9%and the rest at 12%per annum. The average rate of interest per annum, which he gets is=?
A.	%
B.	0%
C.	0.5%
D.	2%
Answer» C. 0.5%

Discussion

44.	A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1%higher rate, it would have fetched Rs. 24 more interest. The sum of money is ?
A.	s. 1200
B.	s. 1050
C.	s. 1000
D.	s. 9600
Answer» B. s. 1050

Discussion

45.	In how many years will the simple interest on a sum of money be equal to the principal at the rate of $$16\frac{2}{3}$$ %per annum ?
A.	years
B.	years
C.	years
D.	years
Answer» D. years

Discussion

46.	In how many years will a sum of money double itself at 18.75%per annum simple interest?
A.	years 5 months
B.	years 4 months
C.	years 2 months
D.	year 5 months
Answer» C. years 2 months

Discussion

47.	A sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money.
A.	.25%, Rs. 18600
B.	.75%, Rs. 17775
C.	%, Rs. 18000
D.	%, Rs. 17560
Answer» B. .75%, Rs. 17775

Discussion

48.	A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is
A.	s. 500
B.	s. 600
C.	s. 700
D.	s. 710
Answer» C. s. 700

Discussion

49.	What annual installment will discharge a debt of Rs. 6450 due in 4 years at 5%simple interest=?
A.	s. 1500
B.	s. 1835
C.	s. 1935
D.	s. 1950
Answer» B. s. 1835

Discussion

50.	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 as interest. The rate of interest per annum is=?
A.	%
B.	%
C.	$7\frac{1}{8}$$ %
D.	0%
Answer» E.

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4%per annum then Ram's share is=?

If a sum of money becomes Rs. 4000in 2 years and Rs. 5500 in 4 years 6 months at the same rate of simple interest per annum. Then the rate of simple interest is=?

In simple interest rate per annum a certain sum amounts to Rs. 5182 in 2 years and Rs. 5832 in 3 years. The principal in rupees is=?

The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find the rate of interest per annum.

A sum becomes its double in 10 years. Find the annual rate of simple interest.

A sum of Rs. 3000 yields an interest of Rs. 1080 at 12%per annum simple interest in how many years ?

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6%simple interest per annum ?

If a sum of money double itself in 8 years, then the interest rate in percentage is ?

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is=?

Find the amount to be received after 2 years 6 months at the rate of 5%p.a. of simple interest on a sum of Rs. 3200.

A man invested $$\frac{{\text{1}}}{{\text{3}}}$$ of his capital at 7%;$$\frac{{\text{1}}}{{\text{4}}}$$ at 8%and the remainder at 10%. If his annual income is Rs. 561, the capital is -

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

If the simple interest on Rs. 1 for 1 month is 1 paisa, then the rate percent per annum will be=?

On a certain sum the simple interest for $$12\frac{1}{2}$$ year is $$\frac{3}{4}$$ of the sum. Then the rate of interest is = ?

A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years=?

A certain sum of money amount to Rs 2200 at 5%interest Rs 2320 at 8%interest in the same period of time. The period of time is=?

A sum of Rs. 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 percent simple interest will be the same. Find the sum alloted at present to each son.

Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 year she paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a ?

Tushar borrowed a sum of Rs. 12000 at 15%per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ?

A sum of Rs. 1440 is lent out in three parts in such away that the interests on first part at 2%for 3 years, second part at 3%for 4 years and third part at 4%for 5 years are equal. Then the difference between the largest and the smallest sum is -

An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9%p.a. and second, 11%p.a. If the total interest at the end of one year is $$9\frac{3}{4}$$ %, then the amount invested in each share was -

A sum of Rs. 1550 was lent partly at 5%and partly at 8%p.a. simple interest.The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5%to that lent at 8%is:

A money lender claims to lend money at the rate of 10%per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually ?

For 2 years, a sum was put at SI at a certain rate. If the rate was 3% higher, it would have fetched Rs. 300 more. What will be the sum ?

Simple interest on a certain sum at a certain annual rate of interest is $$\frac{1}{9}$$ of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is -

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

A person deposits Rs. 500 in 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was=?

A certain scheme of investment in simple interest declares that it triples the investment in 8 years. If you want to quadruple the money through that scheme for how many years you have to invest for = ?

A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4%to 3.75%diminishes his net yearly income by Rs. 48. What is his capital ?

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

The population of a village decreases at the rate of 20%per annum. If its population 2 years ago was 10000, the present population is=?

In how much time would the simple interest on a certain sum be 0.125 times the principal at 10%per annum?

The simple interest on a sum of money at 8%per annum for 6 years is half the sum. The sum is:

In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ?

Jhoninvested a sum of money at an annual simple interest rate of 10%.At the end of four years the amount invested plus interest earned was Rs. 770. The amount invested was=?

In a certain time, the ratio of a certain principal and interest obtained from it are in the ratio 10 : 3 at 10%interest per annum. The number of years for which the money was invested is=?

If a sum doubles in 6 years, how much will it be in 8 years ?

A sum of money at simple interest doubles in 7 years. It will become four times in:

A man invests half of his capital at the rate of 10%per annum, one - third at 9%and the rest at 12%per annum. The average rate of interest per annum, which he gets is=?

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1%higher rate, it would have fetched Rs. 24 more interest. The sum of money is ?

In how many years will the simple interest on a sum of money be equal to the principal at the rate of $$16\frac{2}{3}$$ %per annum ?

In how many years will a sum of money double itself at 18.75%per annum simple interest?

A sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money.

A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is

What annual installment will discharge a debt of Rs. 6450 due in 4 years at 5%simple interest=?

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 as interest. The rate of interest per annum is=?