Quantitative Aptitude :: Simple Interest Problems And Answers

Simple Interest Formulaes

Quantitative Aptitude
Verbal Ability

1. A person took some amount with some interest for 2 years, but increase the interest for 1%, he paid Rs.120/- extra, then how much amount he took? 

A. Rs.5500/- B. Rs.6000/-
C. Rs.4000/- D. Rs.7000/-

2. The rate of Interest on a sum of money is 2% p.a. for the first 3 years, 4% p.a. for the next 4 years, and 5% for the period beyond 7 years. If the S.I, Occured on the sum for the total period of 8 years is Rs. 540/-, the sum is

A. 2,200 B. 2,000
C. 2,100 D. 2,250

3. A sum of 1200 lent at S.I at 10% will become twice in how many years?

A. 12 years B. 14 years
C. 10 years D. 8 years

4. At what rate p.a a sum of Rs. 2400 will become Rs. 3600/- in 5 years.

A. 10% B. 15%
C. 20% D. 12%

5. A sum when lent at S.I 3% per annum amount to Rs.840/- after 4 years  

A. B.
C. D.

6. A sum of money at simple interest amounts to Rs. 800 in 3 years and to Rs. 850 in 4 years. The sum is:

A. Rs. 670 B. Rs. 690
C. Rs. 600 D. Rs. 625

7. A sum fetched a total simple interest of Rs. 6016.75 at the rate of 8 p.c.p.a. in 5 years. What is the sum?

A. Rs. 16241.875 B. Rs. 15041.85
C. Rs. 15401.875 D. Rs. 15041.875

8. Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.1160?

A. Rs.1000 B. Rs.1100
C. Rs.1010 D. Rs.10000

9. What sum of money will produce Rs.90 as simple interest in 4 years at 4 1/2 percent?

A. Rs.550 B. Rs.650
C. Rs.600 D. Rs.500

10. Find the simple interest on Rs.750 for 9 months at 6 paisa per month?

A. Rs.415 B. Rs.405
C. Rs.450 D. Rs.345

Related Topics

Problems on Trains
Time and Distance
Problems Based on Number

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Those are all planning for any competitive examinations can use this segment to enhance their abilities.

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