Quantitative Aptitude :: Simple Interest Problems And Answers


Simple Interest Formulaes

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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




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Who are all can get the advantages from this Simple Interest Question and Answers section?

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

  • L.I.C/ G. I.C Competitive Exams
  • Career Aptitude Test (IT Companies) and etc.
  • Defence Competitive Exams
  • Common Aptitude Test (CAT)
  • UPSC Competitive Exams
  • Bank Competitive Exam
  • SSC Competitive Exams
  • Railway Competitive Exam
  • University Grants Commission (UGC)