1502 + Mcqs in Simple Interest in General Aptitude Page 30 McqOptions

1451.	The Sum of money that will produce Rs. 1770, interest in 7 1/2 years at 8% simple interest per annum is:
A.	Rs 2950
B.	Rs 2800
C.	Rs 3120
D.	Rs 3200
Answer» B. Rs 2800

Discussion

1452.	If the simple interest on a certain sum of money for 2 years is one – fifth of the sum, then the rate of interest per annum is:
A.	7%
B.	8%
C.	9%
D.	10%
Answer» E.

Discussion

1453.	A certain sum is 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.	39 years
B.	41 years
C.	45 years
D.	50 years
Answer» E.

Discussion

1454.	A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is:
A.	5 5/9%
B.	6 5/9%
C.	18%
D.	25%
Answer» B. 6 5/9%

Discussion

1455.	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.	5 : 8
B.	8 : 5
C.	16 : 15
D.	31 : 6
Answer» D. 31 : 6

Discussion

1456.	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 the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240% of the amount invested in Scheme B, what was the amount invested in Scheme B?
A.	Rs 5000
B.	Rs 6500
C.	Rs 8000
D.	Rs 10000
Answer» B. Rs 6500

Discussion

1457.	The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rate of interest is:
A.	0.1%
B.	0.2%
C.	0.3%
D.	0.3%
Answer» D. 0.3%

Discussion

1458.	If simple interest on a certain sum of money for 4 years at 5% per annum is same as the simple interest on Rs. 560 for 10 years at the rate of 4% per annum then the sum of money is:
A.	1190
B.	1220
C.	1210
D.	1280
Answer» C. 1210

Discussion

1459.	A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another at 9% for 6 years. The sum lent out at 10% is:
A.	1150
B.	1250
C.	1350
D.	1450
Answer» D. 1450

Discussion

1460.	Mr. Satish invested an amount of Rs. 12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 14% per annum. Find the total amount invested?
A.	20,000
B.	21,000
C.	20,800
D.	21,000
Answer» B. 21,000

Discussion

1461.	A sum was put a simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more. The sum is:
A.	8%
B.	9%
C.	10%
D.	11%
Answer» D. 11%

Discussion

1462.	A sum of money is lent at S.I for 8 years. If the same amount is paid at 5% higher, Ramesh would have got Rs. 100 more. Find the Principal?
A.	200
B.	240
C.	250
D.	300
Answer» D. 300

Discussion

1463.	A sum of Rs. 7700 is to be divided among three brothers Suresh, Bala and Krishnan in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. The Share of Suresh is more than that of Krishnan by:
A.	2500
B.	2800
C.	3000
D.	3200
Answer» C. 3000

Discussion

1464.	A lends Rs. 2500 to B and a certain sum to C at the same time at 7% per annum 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.	700
B.	1500
C.	4000
D.	6500
Answer» C. 4000

Discussion

1465.	If the simple interest on Rs. 3000 is less than the Simple Interest on Rs. 2000 at 5% by Rs. 50, find the time?
A.	1
B.	2
C.	3
D.	4
Answer» B. 2

Discussion

1466.	If simple interest on a certain sum of money is Rs. 256 and the rate of interest per annum equals the number of years, then the rate of interest is:
A.	13%
B.	14%
C.	15%
D.	16%
Answer» E.

Discussion

1467.	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 equal to one-fifth of the second sum. The total sum invested was:
A.	2600
B.	2700
C.	2800
D.	2900
Answer» C. 2800

Discussion

1468.	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%
Answer» D. 15%

Discussion

1469.	A sum at Simple Interest amounts to Rs. 1000 in 2 years and Rs. 4000 in 5 years. Find the sum and rate of interest?
A.	1200
B.	1300
C.	1400
D.	1500
Answer» E.

Discussion

1470.	The interest on a certain deposit at 4.5% per annum is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% per annum?
A.	20.25
B.	22.50
C.	42.75
D.	75
Answer» C. 42.75

Discussion

1471.	An automobile financier claims to be lending money at the 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.	10%
B.	10.25%
C.	10.50%
D.	10.75%
Answer» C. 10.50%

Discussion

1472.	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 amount of interest can be received on the same sum after 5 years?
A.	6%
B.	8%
C.	9%
D.	10%
Answer» C. 9%

Discussion

1473.	Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A.	6400
B.	6500
C.	7200
D.	7500
Answer» B. 6500

Discussion

1474.	The price of a T.V set worth Rs. 20,000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be:
A.	1050
B.	2050
C.	3000
D.	None of these
Answer» E.

Discussion

1475.	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, how much money did he borrow?
A.	8000
B.	10,000
C.	12,000
D.	11,000
Answer» B. 10,000

Discussion

1476.	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.	650
B.	690
C.	698
D.	700
Answer» D. 700

Discussion

1477.	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.	764
B.	992
C.	850
D.	770
Answer» C. 850

Discussion

1478.	A candidate who gets 20% marks fails by 10 marks but another candidate who gets 42% marks gets 12% more than the passing marks. Find the maximum marks?
A.	100
B.	80
C.	70
D.	60
Answer» B. 80

Discussion

1479.	How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% pa simple interest?
A.	21
B.	28
C.	56
D.	76
Answer» D. 76

Discussion

1480.	An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% per annum and the second, 11% per annum. If the total interest at the end of one year is 9 3/4 %, then the amount invested in each share was:
A.	Rs 52,500 ; Rs 47,500
B.	Rs 72,500 ; Rs 27,500
C.	Rs 62,500 ; Rs 37,500
D.	Rs 82,500 ; Rs 17,500
Answer» D. Rs 82,500 ; Rs 17,500

Discussion

1481.	A sum of money doubles in 8 years. In how many years, it will treble at S.I?
A.	4
B.	8
C.	12
D.	16
Answer» E.

Discussion

1482.	Divide Rs. 2379 into 3 parts so that their amount after 2,3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is:
A.	759
B.	818
C.	792
D.	828
Answer» E.

Discussion

1483.	Saranya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him?
A.	1%
B.	2%
C.	3%
D.	15%
Answer» C. 3%

Discussion

1484.	If Rs. 750 amounts to Rs. 1000 in 5 years, What will it become in 10 years at S.I?
A.	1250
B.	2050
C.	1520
D.	2000
Answer» B. 2050

Discussion

1485.	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.	114.8
B.	86.70
C.	55.40
D.	51.60
Answer» E.

Discussion

1486.	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.	2000
B.	10000
C.	15000
D.	20000
Answer» D. 20000

Discussion

1487.	Two equal amount of money was deposited in two banks, each at 15% per annum, 3.5 years and 5 years respectively. If the difference between the interest is Rs 144, each sum is:
A.	620
B.	630
C.	640
D.	650
Answer» D. 650

Discussion

1488.	The rate of interest on a sum of money is 4% per annum for the first 2 years, 6% per annum for the next 4 years and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for the total period of 9 years is Rs 1120. What is the sum?
A.	1800
B.	1900
C.	2000
D.	2100
Answer» D. 2100

Discussion

1489.	I invest a sum for 4 years at a simple interest of 5% and it grows to Rs 504/-. If I had invested the same amount at 10% per annum simple interest for 2 years 6 months, it will grow to ______.
A.	Rs. 420
B.	Rs. 450
C.	Rs. 525
D.	Rs. 550
Answer» D. Rs. 550

Discussion

1490.	A man has a total of Rs 2600/-. He invests it partly at 4%, 6% and 8% per annum simple interest. The interest earned in all the three cases is equal. Find the amount he invested at 4%.
A.	Rs. 200
B.	Rs. 600
C.	Rs. 800
D.	Rs. 1200
Answer» C. Rs. 800

Discussion

1491.	A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged
A.	10%
B.	12.5%
C.	15%
D.	20%
Answer» B. 12.5%

Discussion

1492.	I have Rs 10,200/- extra this month and I decide to invest them partly at simple interest and partly at compound interest. The interest I earn by investing this money at 10% compound interest for 2 years is same as what I earn by investing it at 5% per annum simple interest for 6 years. Find the sum invested at simple interest
A.	Rs. 4200
B.	Rs. 4800
C.	Rs. 5800
D.	Rs. 6000
Answer» C. Rs. 5800

Discussion

1493.	Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?
A.	Rs. 300
B.	Rs. 400
C.	Rs. 500
D.	Rs. 600
Answer» D. Rs. 600

Discussion

1494.	Anuj has some extra money which he decides to lend on interest. He lends 40% of the money at a rate of 15% p.a., half of the remaining money at 10% pa and all the money left at 18% p.a. If the interest was calculated on the complete amount he lent, find the rate of interest.
A.	13.4% p.a.
B.	13.33% p.a.
C.	14.4% p.a.
D.	14.33% p.a.
Answer» D. 14.33% p.a.

Discussion

1495.	Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay off in 6 years. The rate of interest he is charged is 9% pa. Find the value of his yearly installments.
A.	Rs.118.35
B.	Rs.126.55
C.	Rs.146.35
D.	Rs.156.25
Answer» D. Rs.156.25

Discussion

1496.	Rohit lends his 40800 Rs in two parts at simple interest. He lends one part for a period of 8 years at a rate of 6.25%. The other part he lends for 5 years at a rate of 7%. Both the parts earn him the same interest. Find the value of the smaller part of money.
A.	1300
B.	16800
C.	19200
D.	20100
Answer» C. 19200

Discussion

1497.	If I invest Rs 3000 at a simple interest for 4 years, I earn a certain amount. However, if I invest Rs 3500 at the same rate, for the same duration, I would earn Rs 130/- more. Find the rate of interest.
A.	6.5%
B.	10.50%
C.	12%
D.	13%
Answer» B. 10.50%

Discussion

1498.	A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping the time period same, if the rate of simple interest is increased by 3%, the amount will become 300 Rs/- more than in the previous setting. What is the amount? Also find the time period.
A.	Rs. 1500 and 7 years
B.	Rs. 1800 and 5.5 years
C.	Rs. 1900 and 8.25 years
D.	Rs. 2000 and 20 years
Answer» C. Rs. 1900 and 8.25 years

Discussion

1499.	When my father started working, he deposited some amount at simple interest in the bank. After 15 years the amount became 7 times. If the rate of interest remains, in how many more years will the amount become 10 times?
A.	3 years
B.	5 years
C.	7 years
D.	7.5 years
Answer» E.

Discussion

1500.	In 30 years an amount becomes 5 times the original amount. What is the rate of interest?
A.	6.67%
B.	12.5%
C.	13.33%
D.	24%
Answer» D. 24%

Discussion

Explore topic-wise MCQs in General Aptitude.

The Sum of money that will produce Rs. 1770, interest in 7 1/2 years at 8% simple interest per annum is:

If the simple interest on a certain sum of money for 2 years is one – fifth of the sum, then the rate of interest per annum is:

A certain sum is 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 money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is:

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:

The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rate of interest is:

If simple interest on a certain sum of money for 4 years at 5% per annum is same as the simple interest on Rs. 560 for 10 years at the rate of 4% per annum then the sum of money is:

A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another at 9% for 6 years. The sum lent out at 10% is:

Mr. Satish invested an amount of Rs. 12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 14% per annum. Find the total amount invested?

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more. The sum is:

A sum of money is lent at S.I for 8 years. If the same amount is paid at 5% higher, Ramesh would have got Rs. 100 more. Find the Principal?

A sum of Rs. 7700 is to be divided among three brothers Suresh, Bala and Krishnan in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. The Share of Suresh is more than that of Krishnan by:

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

If the simple interest on Rs. 3000 is less than the Simple Interest on Rs. 2000 at 5% by Rs. 50, find the time?

If simple interest on a certain sum of money is Rs. 256 and the rate of interest per annum equals the number of years, then the rate of interest is:

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 equal to one-fifth of the second sum. The total sum invested was:

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 at Simple Interest amounts to Rs. 1000 in 2 years and Rs. 4000 in 5 years. Find the sum and rate of interest?

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

An automobile financier claims to be lending money at the 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:

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 amount of interest can be received on the same sum after 5 years?

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

The price of a T.V set worth Rs. 20,000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be:

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, how much money did he borrow?

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 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 candidate who gets 20% marks fails by 10 marks but another candidate who gets 42% marks gets 12% more than the passing marks. Find the maximum marks?

How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% pa simple interest?

An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% per annum and the second, 11% per annum. If the total interest at the end of one year is 9 3/4 %, then the amount invested in each share was:

A sum of money doubles in 8 years. In how many years, it will treble at S.I?

Divide Rs. 2379 into 3 parts so that their amount after 2,3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is:

Saranya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him?

If Rs. 750 amounts to Rs. 1000 in 5 years, What will it become in 10 years at S.I?

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 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?

Two equal amount of money was deposited in two banks, each at 15% per annum, 3.5 years and 5 years respectively. If the difference between the interest is Rs 144, each sum is:

The rate of interest on a sum of money is 4% per annum for the first 2 years, 6% per annum for the next 4 years and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for the total period of 9 years is Rs 1120. What is the sum?

I invest a sum for 4 years at a simple interest of 5% and it grows to Rs 504/-. If I had invested the same amount at 10% per annum simple interest for 2 years 6 months, it will grow to ______.

A man has a total of Rs 2600/-. He invests it partly at 4%, 6% and 8% per annum simple interest. The interest earned in all the three cases is equal. Find the amount he invested at 4%.

A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged

Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?

Anuj has some extra money which he decides to lend on interest. He lends 40% of the money at a rate of 15% p.a., half of the remaining money at 10% pa and all the money left at 18% p.a. If the interest was calculated on the complete amount he lent, find the rate of interest.

Mr. Sharma has a debt of Rs. 1078/- which he wants to completely pay off in 6 years. The rate of interest he is charged is 9% pa. Find the value of his yearly installments.

Rohit lends his 40800 Rs in two parts at simple interest. He lends one part for a period of 8 years at a rate of 6.25%. The other part he lends for 5 years at a rate of 7%. Both the parts earn him the same interest. Find the value of the smaller part of money.

If I invest Rs 3000 at a simple interest for 4 years, I earn a certain amount. However, if I invest Rs 3500 at the same rate, for the same duration, I would earn Rs 130/- more. Find the rate of interest.

A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping the time period same, if the rate of simple interest is increased by 3%, the amount will become 300 Rs/- more than in the previous setting. What is the amount? Also find the time period.

When my father started working, he deposited some amount at simple interest in the bank. After 15 years the amount became 7 times. If the rate of interest remains, in how many more years will the amount become 10 times?

In 30 years an amount becomes 5 times the original amount. What is the rate of interest?