360 + Mcqs in Simple interest Page 7 McqOptions

301.	The sum of money, that will give 1 as interest per day at the rate of 5% per annum simple interest is
A.	3650
B.	36500
C.	730
D.	7300
Answer» E.

Discussion

302.	If a sum of money becomes Rs. 4000 in 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.	<table><tr><td rowspan="2">21</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>3</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">7</td></tr></table>
B.	<table><tr><td rowspan="2">21</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">7</td></tr></table>
C.	<table><tr><td rowspan="2">21</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">7</td></tr></table>
D.	<table><tr><td rowspan="2">21</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>5</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">7</td></tr></table>
Answer» B. <table><tr><td rowspan="2">21</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">7</td></tr></table>

Discussion

303.	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.	7% per annum
B.	8% per annum
C.	9% per annum
D.	10% per annum
Answer» C. 9% per annum

Discussion

304.	In what time will 1,860 amount to 2,641.20 at simple interest 12% per annum ?
A.	3 years
B.	<table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Year</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C.	4 years
D.	<table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Year</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» C. 4 years

Discussion

305.	A sum of money at some rate of simple interest amounts to 2,900 in 8 years and to 3,000 in 10 years. The rate of interest per annum is
A.	4%
B.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C.	3%
D.	2%
Answer» E.

Discussion

306.	An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate per cent per annum is
A.	2.1 per cent
B.	3 per cent
C.	3.25 per cent
D.	3.3 per cent
Answer» B. 3 per cent

Discussion

307.	What would be the simple interest accrued in 4 yr on a principle of 18440 at the rate 15% per annum ?
A.	11075
B.	12250
C.	11500
D.	12985
E.	None of the above
Answer» F.

Discussion

308.	A sum of 10,000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are :
A.	4000, 6000
B.	4500, 5500
C.	5000, 5000
D.	5500, 4500
Answer» B. 4500, 5500

Discussion

309.	At simple interest of 5%, 6% and 8% for three consecutive years, the interest earned is 760. find the principle. ?
A.	4600
B.	3200
C.	4000
D.	3600
Answer» D. 3600

Discussion

310.	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.	992
B.	962
C.	942
D.	982
Answer» B. 962

Discussion

311.	In how many years, a sum will become four times itself at the rate of 12% per annum ?
A.	28 yr
B.	25 yr
C.	22 yr
D.	27 yr
Answer» C. 22 yr

Discussion

312.	A person who pays income tax at the rate of 4 paise per rupee, find that a fall of interest rate from 4% to 3.75% diminishes his net yearly income by 48. What is his capital ?
A.	24,000
B.	25,000
C.	20,000
D.	18,000
Answer» D. 18,000

Discussion

313.	Rs. 4200 amounts to Rs. 5712 in 4 years. If rate of interest is increased by 3%. What will be the amount ?
A.	Rs. 6372
B.	Rs. 4000
C.	Rs. 6216
D.	Rs. 3000
Answer» D. Rs. 3000

Discussion

314.	Mr. Patel borrowed Rs. 8000 from Mr. Chobey at simple interest. After 2 years he paid Rs. 800 more than what be borrowed and thus cleared the loan. What was the rate of interest ?
A.	6
B.	8
C.	5
D.	None of these
Answer» D. None of these

Discussion

315.	A sum of money was lent at simple interest at a certain rate for 3 years. Had it been lent at 2.5% per annum higher rate, it would have fetched 540 more. The money lent was :
A.	6400
B.	6472
C.	6840
D.	7200
Answer» E.

Discussion

316.	If a sum of money double itself in 20 years. What is the rate of simple interest per cent per year ?
A.	4%
B.	8%
C.	5%
D.	10%
Answer» D. 10%

Discussion

317.	A man loses 55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is
A.	3700
B.	7400
C.	8325
D.	11100
Answer» B. 7400

Discussion

318.	Yogesh borrowed Rs. 12000 at simple interest for 5 years, If he paid Rs. 3600 as simple interest after 5 years, What is the rate of interest per cent per annum ?
A.	5
B.	8
C.	10
D.	6
Answer» E.

Discussion

319.	A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of
A.	5%
B.	7%
C.	8%
D.	6%
Answer» D. 6%

Discussion

320.	Ashok took a loan of Rs. 15000 for 3 years at simple interest . If the total interest paid is Rs. 2700. What is the rate of interest per annum ?
A.	18
B.	5.4
C.	9
D.	6
Answer» E.

Discussion

321.	The rate of simple interest for which a sum of money becomes 5 times of itself in 8 years is :
A.	30%
B.	40%
C.	50%
D.	55%
Answer» D. 55%

Discussion

322.	What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8% per annum ?
A.	Rs. 166.40
B.	Rs. 65.60
C.	Rs. 100
D.	Rs. 120
Answer» D. Rs. 120

Discussion

323.	At simple interest, a sum doubles after 20 years. The rate of interest per annum is ?
A.	5%
B.	10%
C.	12%
D.	Data inadequate
Answer» B. 10%

Discussion

324.	The simple interest on a sum of money is 8/25 of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annumis
A.	5
B.	8
C.	<table><tr><td rowspan="2">6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td></tr><tr><td style="text-align: center;">4</td></tr></table>
D.	4
Answer» C. <table><tr><td rowspan="2">6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td></tr><tr><td style="text-align: center;">4</td></tr></table>

Discussion

325.	A certain sum at simple interest amounts to Rs 1040 in 3 Yr and to Rs 1360 in 7 yr.Then the sum is ?
A.	Rs 750
B.	Rs 800
C.	Rs 900
D.	Rs 1000
Answer» C. Rs 900

Discussion

326.	Find the sum of money will amount to Rs 900 in 4 years at 5 % per annum on simple interest?
A.	Rs 750
B.	Rs 650
C.	Rs 500
D.	Rs 550
Answer» B. Rs 650

Discussion

327.	If a certain sum is doubled in 8 yr on simple interest, in how many year will it be four times?
A.	24 yr
B.	16 yr
C.	32 yr
D.	12 yr
Answer» B. 16 yr

Discussion

328.	A sum of money at simple interest amount to Rs 1260 in 2 yr and Rs 1350 in 5 yr, then the rate percent per annum is ?
A.	30%
B.	10%
C.	2.5%
D.	5%
Answer» D. 5%

Discussion

329.	The difference of 13% per annum and 12% of a sum in 1 year is Rs 110.Then the sum is ?
A.	Rs 12000
B.	Rs 13000
C.	Rs 11000
D.	Rs 16000
Answer» D. Rs 16000

Discussion

330.	At what rate percent per annum simple interest , will a sum of money triple itself in 25 year?
A.	8%
B.	5%
C.	6%
D.	12 %
Answer» B. 5%

Discussion

331.	A sum of money amounts to Rs. 850 in 3 years and Rs. 925 in 4 year. The sum is ?
A.	Rs. 600
B.	Rs. 575
C.	Rs. 625
D.	Data inadequate
Answer» D. Data inadequate

Discussion

332.	A sum of money at simple interest amounts to Rs. 2240 in 2 years and Rs. 2600 in 5 years. The sum is ?
A.	Rs. 1880
B.	Rs. 2000
C.	Rs. 2120
D.	Data inadequate
Answer» C. Rs. 2120

Discussion

333.	At the certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in ?
A.	15 years
B.	20 years
C.	30 years
D.	12 years
Answer» C. 30 years

Discussion

334.	If the rate of simple interest is 12% per annum the amount that would fetch interest of Rs 6000 per annum is ?
A.	Rs 7200
B.	Rs 72000
C.	Rs 50000
D.	Rs 48543.69
Answer» D. Rs 48543.69

Discussion

335.	A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is
A.	700
B.	6500
C.	4000
D.	1500
Answer» E.

Discussion

336.	A lent 5000 to B for 2 years and 3000 to C for 4 years on simple interest at the same rate of interest and received 2200 in all from both as interest. The rate of interest per annum is
A.	7%
B.	5%
C.	<table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">8</td></tr></table>
D.	10%
Answer» E.

Discussion

337.	A sum of money lent at simple interest amounts to 880 in 2 years and to 920 in 3 years. The sum of money (in rupees) is
A.	700
B.	760
C.	784
D.	800
Answer» E.

Discussion

338.	A sum of 1600 gives a simple interest of 252 in 2 years and 3 months. The rate of interest per annum is:
A.	<table><tr><td rowspan="2">5</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B.	8%
C.	7%
D.	6%
Answer» D. 6%

Discussion

339.	800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 become in 3 years ?
A.	1020.80
B.	1025
C.	1052
D.	1050
Answer» D. 1050

Discussion

340.	A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately
A.	112.50
B.	450
C.	225
D.	150
Answer» D. 150

Discussion

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

Discussion

342.	In what time will 72 become 81 at 61% per annum simple interest ? 4
A.	2 years
B.	3 years
C.	2 years 6 months
D.	None of these
Answer» B. 3 years

Discussion

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

Discussion

344.	A sum of money amounts to 850 in 3 years and to 925 in 4 years at some rate of simple interest. The sum is :
A.	550
B.	600
C.	625
D.	700
Answer» D. 700

Discussion

345.	In how many years will a sum of 3,000 yield a simple interest of 1,080 at 12% per annum ?
A.	3 years
B.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C.	2 years
D.	<table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» B. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>

Discussion

346.	Manoj deposited 29400 for 6 years at a simple interest. He got 4200 as interest after 6 years. The annual rate of interest was
A.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">8</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">21</td></tr></table>
B.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">7</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">20</td></tr></table>
C.	<table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">8</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">21</td></tr></table>
D.	<table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">8</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">21</td></tr></table>
Answer» B. <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">7</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">20</td></tr></table>

Discussion

347.	A man lent 60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560, the money lent at 4% was
A.	40000
B.	44000
C.	30000
D.	45000
Answer» C. 30000

Discussion

348.	In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest ?
A.	4 years
B.	3 years
C.	5 years
D.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">years</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» C. 5 years

Discussion

349.	If the simple interest on Rs. 400 for 10 years is Rs. 280, the rate of interest per annum is
A.	7%
B.	<table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C.	<table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">4</td></tr></table>
D.	<table><tr><td rowspan="2">8</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» B. <table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>

Discussion

350.	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 the rate of 6% simple interest per annum?
A.	7 years
B.	3 years
C.
D.	5 years
E.	4 years
Answer» D. 5 years

Discussion

Explore topic-wise MCQs in Aptitude.

The sum of money, that will give 1 as interest per day at the rate of 5% per annum simple interest is

If a sum of money becomes Rs. 4000 in 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

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 :

In what time will 1,860 amount to 2,641.20 at simple interest 12% per annum ?

A sum of money at some rate of simple interest amounts to 2,900 in 8 years and to 3,000 in 10 years. The rate of interest per annum is

An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate per cent per annum is

What would be the simple interest accrued in 4 yr on a principle of 18440 at the rate 15% per annum ?

A sum of 10,000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are :

At simple interest of 5%, 6% and 8% for three consecutive years, the interest earned is 760. find the principle. ?

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 ?

In how many years, a sum will become four times itself at the rate of 12% per annum ?

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

Rs. 4200 amounts to Rs. 5712 in 4 years. If rate of interest is increased by 3%. What will be the amount ?

Mr. Patel borrowed Rs. 8000 from Mr. Chobey at simple interest. After 2 years he paid Rs. 800 more than what be borrowed and thus cleared the loan. What was the rate of interest ?

A sum of money was lent at simple interest at a certain rate for 3 years. Had it been lent at 2.5% per annum higher rate, it would have fetched 540 more. The money lent was :

If a sum of money double itself in 20 years. What is the rate of simple interest per cent per year ?

A man loses 55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is

Yogesh borrowed Rs. 12000 at simple interest for 5 years, If he paid Rs. 3600 as simple interest after 5 years, What is the rate of interest per cent per annum ?

A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of

Ashok took a loan of Rs. 15000 for 3 years at simple interest . If the total interest paid is Rs. 2700. What is the rate of interest per annum ?

The rate of simple interest for which a sum of money becomes 5 times of itself in 8 years is :

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

At simple interest, a sum doubles after 20 years. The rate of interest per annum is ?

The simple interest on a sum of money is 8/25 of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annumis

A certain sum at simple interest amounts to Rs 1040 in 3 Yr and to Rs 1360 in 7 yr.Then the sum is ?

Find the sum of money will amount to Rs 900 in 4 years at 5 % per annum on simple interest?

If a certain sum is doubled in 8 yr on simple interest, in how many year will it be four times?

A sum of money at simple interest amount to Rs 1260 in 2 yr and Rs 1350 in 5 yr, then the rate percent per annum is ?

The difference of 13% per annum and 12% of a sum in 1 year is Rs 110.Then the sum is ?

At what rate percent per annum simple interest , will a sum of money triple itself in 25 year?

A sum of money amounts to Rs. 850 in 3 years and Rs. 925 in 4 year. The sum is ?

A sum of money at simple interest amounts to Rs. 2240 in 2 years and Rs. 2600 in 5 years. The sum is ?

At the certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in ?

If the rate of simple interest is 12% per annum the amount that would fetch interest of Rs 6000 per annum is ?

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is

A lent 5000 to B for 2 years and 3000 to C for 4 years on simple interest at the same rate of interest and received 2200 in all from both as interest. The rate of interest per annum is

A sum of money lent at simple interest amounts to 880 in 2 years and to 920 in 3 years. The sum of money (in rupees) is

A sum of 1600 gives a simple interest of 252 in 2 years and 3 months. The rate of interest per annum is:

800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 become in 3 years ?

A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately

What annual instalment will discharge a debt of 6450 due in 4 years at 5% simple interest ?

In what time will 72 become 81 at 61% per annum simple interest ? 4

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

A sum of money amounts to 850 in 3 years and to 925 in 4 years at some rate of simple interest. The sum is :

In how many years will a sum of 3,000 yield a simple interest of 1,080 at 12% per annum ?

Manoj deposited 29400 for 6 years at a simple interest. He got 4200 as interest after 6 years. The annual rate of interest was

A man lent 60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560, the money lent at 4% was

In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest ?

If the simple interest on Rs. 400 for 10 years is Rs. 280, the rate of interest per annum is

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 the rate of 6% simple interest per annum?