1502 + Mcqs in Simple Interest Page 27 McqOptions

1301.	A certain sum in invested for T years. It amounts to Rs. 400 at 10% per annum. But when invested at 4% per annum, it amounts to Rs. 200. Find the time (T).
A.	45 years
B.	60 years
C.	40 years
D.	50 Years
Answer» E.

Discussion

1302.	A sum of Rs. 7700 is to be divided among three brothers Vikas, Vijay and Viraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years respectively remains equal. The Sh
A.	Rs.1200
B.	Rs.1400
C.	Rs.2200
D.	Rs.2800
Answer» E.

Discussion

1303.	What annual payment will discharge a debt of Rs. 6450 due in 4 years at 5% per annum?
A.	Rs.1500
B.	Rs.1400
C.	Rs.1800
D.	Rs.1600
Answer» B. Rs.1400

Discussion

1304.	Find the simple interest on Rs. 68,000 at 16 2/3% per annum for 9 months.
A.	7500
B.	8000
C.	8500
D.	9000
Answer» D. 9000

Discussion

1305.	A person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 61â„4% p.a for 2 years. Find his gain in the transaction per year.
A.	Rs. 167.50
B.	Rs. 150
C.	Rs.225
D.	Rs. 112.50
Answer» B. Rs. 150

Discussion

1306.	If a sum of money trebles itself in 40 years,what is the rate of interest?
A.	5%
B.	6%
C.	4%
D.	None of these
Answer» B. 6%

Discussion

1307.	If simple interest on a certain sum of money for 8 years at 4% per annum is same as the simple interest on Rs. 560 for 8 years at the rate of 12% per annum then the sum of money is
A.	Rs.1820
B.	Rs.1040
C.	1120
D.	Rs.1680
Answer» E.

Discussion

1308.	Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid Rs.686 as interest at the end of the loan period, what was the rate of interest?
A.	8%
B.	6%
C.	4%
D.	7%
Answer» E.

Discussion

1309.	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 annu
A.	5%
B.	10%
C.	7%
D.	8%
Answer» C. 7%

Discussion

1310.	Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years , and at the rate of 14% p.a. for the period beyond five years. 1f he pays a to
A.	12000
B.	13000
C.	14000
D.	15000
Answer» B. 13000

Discussion

1311.	How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.	2 years
B.	3 years
C.	1 year
D.	4 years
Answer» B. 3 years

Discussion

1312.	If a sum of Rs. 9 is lent to be paid back in 10 equal monthly installments of re. 1 each, then the rate of interest is
A.	11.33%
B.	11%
C.	266.67%
D.	26.67%
Answer» E.

Discussion

1313.	David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and t
A.	Rs.5000
B.	Rs.2000
C.	Rs.6000
D.	Rs.6000
Answer» B. Rs.2000

Discussion

1314.	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.	800
B.	900
C.	1200
D.	1500
Answer» D. 1500

Discussion

1315.	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

Discussion

1316.	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.

Discussion

1317.	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%

Discussion

1318.	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%

Discussion

1319.	If the simple interest on a certain sum of money for 4 years is oneâ€“fifth of the sum, then the rate of interest per annum is
A.	4%
B.	7%
C.	6%
D.	5%
Answer» E.

Discussion

1320.	A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?
A.	820%
B.	620%
C.	780%
D.	640%
Answer» E.

Discussion

1321.	At what rate percent of simple interest will a sum of money double itself in 20 years?
A.	4%
B.	5%
C.	6%
D.	8%
Answer» C. 6%

Discussion

1322.	At what rate percent per annum will a sum of money double in 16 years.
A.	5 Â¼%
B.	6 Â¼%
C.	7 Â¼%
D.	8Â¼%
Answer» C. 7 Â¼%

Discussion

1323.	A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is
A.	Rs.3100
B.	Rs.2700
C.	Rs.2200
D.	Rs.1800
Answer» C. Rs.2200

Discussion

1324.	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.	15%
B.	12%
C.	8%
D.	5%
Answer» C. 8%

Discussion

1325.	A sum of money becomes 7â„5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :
A.	9%
B.	10%
C.	11%
D.	12%
Answer» C. 11%

Discussion

1326.	A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all three cases. The money invested at 4% is:
A.	Rs.2200
B.	Rs.800
C.	Rs.1600
D.	Rs.1200
Answer» E.

Discussion

1327.	A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
A.	12.25%
B.	12%
C.	6%
D.	13.75%
Answer» E.

Discussion

1328.	A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?
A.	Rs. 2323
B.	Rs. 1223
C.	Rs. 2563
D.	Rs. 2353
Answer» B. Rs. 1223

Discussion

1329.	A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is
A.	Rs.2875
B.	Rs.1885
C.	Rs.2245
D.	Rs.2615
Answer» B. Rs.1885

Discussion

1330.	A sum of Rs. 800 amounts to Rs. 920 in 3 years at simple interest . If the interest rate is increased by 3% , it would amount to how much ?
A.	Rs. 892
B.	Rs. 990
C.	Rs. 992
D.	Rs. 995
Answer» D. Rs. 995

Discussion

1331.	Adam borrowed some money at the rate of 6% p.a. for the first two years . at the rate of 9% P.a. for the next three years , and at he rate of 14% p.a. for the period beyond five years. If he pays
A.	Rs. 12000
B.	Rs. 12500
C.	Rs. 12750
D.	Rs. 13000
Answer» B. Rs. 12500

Discussion

1332.	A sum was put a simple interest at a certain rate for 3 years . Had it been put at 2% higher rae , it would have fetched Rs. 360 more . Find the sum .
A.	Rs. 5000
B.	Rs. 5500
C.	Rs. 6000
D.	Rs. 6500
Answer» D. Rs. 6500

Discussion

1333.	What annual instalment will discharge a debt of Rs. 1092 due in 3 years at 12 % simple interest ?
A.	Rs. 325
B.	Rs. 345
C.	Rs. 350
D.	Rs. 375
Answer» B. Rs. 345

Discussion

1334.	A sum of Rs. 1550 is lent two parts , one at 8% and another one at 6% . If the total annual income is Rs. 106, Find the money lent a each rae.
A.	Rs. 800
B.	Rs. 850
C.	Rs. 875
D.	Rs. 900
Answer» E.

Discussion

1335.	A sum of Rs. 12,500 amount to Rs. 15,500 in 4 years at the rate of simple interest . What is the rate of interest ?
A.	3%
B.	4%
C.	5%
D.	6%
Answer» E.

Discussion

1336.	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 he end of the loan period ,what was the rate of interest ?
A.	3.6
B.	6
C.	18
D.	cannot be deternined
Answer» C. 18

Discussion

1337.	A man took a loan from a bank at the rate of 12% p.a. simple interest. after 3 years he had to pay Rs. 5400 onerest only for the period. he 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

1338.	What is the present worth of Rs. 132 due in 2 years at 5 % simple interest per annum .
A.	Rs. 112
B.	Rs. 118.80
C.	Rs. 120
D.	Rs. 122.
Answer» D. Rs. 122.

Discussion

1339.	A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years what is the sum ?
A.	Rs. 4462.50
B.	Rs. 8032
C.	Rs. 8900
D.	Rs. 8925
Answer» E.

Discussion

1340.	Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest . If the rate of interest is increased by 4% , what amount will Rs. 800 become in 3 years ?
A.	Rs. 1020.80
B.	Rs. 1025
C.	Rs. 1052
D.	Data inadequae
Answer» D. Data inadequae

Discussion

1341.	A certain amount earns simple interest of Rs. 1750 after 7 years . Had he interest been 2% more how much more interest would it have earned ?
A.	Rs. 35
B.	Rs. 245
C.	Rs. 350
D.	Cannot be determined
Answer» E.

Discussion

1342.	If Rs. 64 amount to Rs. 83.20 in 2 years , what will Rs. 86 amount to in 4 years at the same rate percent per annum ?
A.	Rs. 51.60
B.	Rs. 61.80
C.	Rs. 75
D.	Rs. 85
Answer» B. Rs. 61.80

Discussion

1343.	The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rae of interest he same amount of interest can be received on he same sum after 5 years ?
A.	6%
B.	8%
C.	9%
D.	10%
Answer» D. 10%

Discussion

1344.	The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will he additional interest in one year be on the same deposit at 5% p.a. ?
A.	Rs. 20.25
B.	Rs. 22.50
C.	Rs. 25
D.	Rs. 42.75
Answer» C. Rs. 25

Discussion

1345.	What will be the ratio of simple interest earned by certain at the same rate of interest for 6 years and that for 6 years and that for 9 years ?
A.	1 : 3
B.	1 : 4
C.	2 : 3
D.	Data inadequae
Answer» D. Data inadequae

Discussion

1346.	Nitin borrowed some money a 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
A.	Rs. 8000
B.	Rs. 10,000
C.	Rs. 12,000
D.	Data inadequate
Answer» B. Rs. 10,000

Discussion

1347.	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 he tenth year ?
A.	Rs. 600
B.	Rs. 900
C.	Rs. 1200
D.	Rs. 1500
Answer» D. Rs. 1500

Discussion

1348.	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 as interest of 10% , the effecti
A.	10 %
B.	10.25%
C.	10.5%
D.	None of these
Answer» C. 10.5%

Discussion

1349.	A sum of money lent out at simple interest amount to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years . The sum is :
A.	Rs. 500
B.	Rs. 600
C.	Rs. 700
D.	Rs. 710
Answer» C. Rs. 700

Discussion

1350.	A sum of money amount 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%
Answer» D. 15%

Discussion

Explore topic-wise MCQs in General Aptitude.

A certain sum in invested for T years. It amounts to Rs. 400 at 10% per annum. But when invested at 4% per annum, it amounts to Rs. 200. Find the time (T).

A sum of Rs. 7700 is to be divided among three brothers Vikas, Vijay and Viraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years respectively remains equal. The Sh

What annual payment will discharge a debt of Rs. 6450 due in 4 years at 5% per annum?

Find the simple interest on Rs. 68,000 at 16 2/3% per annum for 9 months.

A person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 61â„4% p.a for 2 years. Find his gain in the transaction per year.

If a sum of money trebles itself in 40 years,what is the rate of interest?

If simple interest on a certain sum of money for 8 years at 4% per annum is same as the simple interest on Rs. 560 for 8 years at the rate of 12% per annum then the sum of money is

Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid Rs.686 as interest at the end of the loan period, what was the rate of 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 of them as interest. The rate of interest per annu

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David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and t

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?

In what time a sum of money double itself at 3% per annum simple interest?

A certain sum of money at simple interest amounted Rs.840 in 10 years at 3% per annum, find the sum?

At what rate percent on simple interest will a sum of money double itself in 30 years?

A certain sum amounts to Rs.1725 in 3 years and Rs.1875 in 5 years. Find the rate % per annum?

If the simple interest on a certain sum of money for 4 years is oneâ€“fifth of the sum, then the rate of interest per annum is

A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?

At what rate percent of simple interest will a sum of money double itself in 20 years?

At what rate percent per annum will a sum of money double in 16 years.

A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is

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 sum of money becomes 7â„5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all three cases. The money invested at 4% is:

A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?

A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is

A sum of Rs. 800 amounts to Rs. 920 in 3 years at simple interest . If the interest rate is increased by 3% , it would amount to how much ?

Adam borrowed some money at the rate of 6% p.a. for the first two years . at the rate of 9% P.a. for the next three years , and at he rate of 14% p.a. for the period beyond five years. If he pays

A sum was put a simple interest at a certain rate for 3 years . Had it been put at 2% higher rae , it would have fetched Rs. 360 more . Find the sum .

What annual instalment will discharge a debt of Rs. 1092 due in 3 years at 12 % simple interest ?

A sum of Rs. 1550 is lent two parts , one at 8% and another one at 6% . If the total annual income is Rs. 106, Find the money lent a each rae.

A sum of Rs. 12,500 amount to Rs. 15,500 in 4 years at the rate of simple interest . What is the rate of interest ?

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 he end of the loan period ,what was the rate of interest ?

A man took a loan from a bank at the rate of 12% p.a. simple interest. after 3 years he had to pay Rs. 5400 onerest only for the period. he principal amount borrowed by him was :

What is the present worth of Rs. 132 due in 2 years at 5 % simple interest per annum .

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years what is the sum ?

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

A certain amount earns simple interest of Rs. 1750 after 7 years . Had he interest been 2% more how much more interest would it have earned ?

If Rs. 64 amount to Rs. 83.20 in 2 years , what will Rs. 86 amount to in 4 years at the same rate percent per annum ?

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

The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will he additional interest in one year be on the same deposit at 5% p.a. ?

What will be the ratio of simple interest earned by certain at the same rate of interest for 6 years and that for 6 years and that for 9 years ?

Nitin borrowed some money a 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

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 he tenth year ?

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 as interest of 10% , the effecti

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

A sum of money amount 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 person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 61â„4% p.a for 2 years. Find his gain in the transaction per year.

A sum of money becomes 7â„5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :