QUANTITATIVE APTITUDE - SIMPLE INTEREST SET 02

SIMPLE INTEREST SET 02

1. 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%
 

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

A.1 : 3        B.1 : 4        C.2 : 3        D.Data inadequate        E.None of these
 

3. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the 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    E. None of these
 

4. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6  p.a for 2 years. Find his gain in the transaction per year.
 

 A.Rs. 112.50        B.Rs. 125        C.Rs. 150        D.Rs. 167.50
 

5. Find the simple interest on Rs 7000 at 50/3 % for 9 months
 

A.Rs. 1075        B.Rs. 975        C.Rs. 875        D.Rs. 775
 

6. Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005
 

A.Rs 25        B.Rs 30        C.Rs 35        D.Rs 40
 

7. Sachin borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends money to Rahul at 25/4% p.a. for 2 years. Find the gain of one year by Sachin.
 

A.110.50        B.111.50        C.112.50        D.113.50
 

8. If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (in Rs.) in a period of 3 years is
 

A.Rs. 154.50        B.Rs. 155.50        C.Rs. 156.50        D.Rs. 157.50
 

9. Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was
 

A.4100        B.4200        C.4300            D.4400
 

10. There was simple interest of Rs. 4016.25 on a principal amount at the rate of 9%p.a. in 5 years. Find the principal amount
 

A.Rs 7925        B.Rs 8925        C.Rs 7926        D.Rs 7925

Answer Keys:
1.C
2.C
3.D
4.A
5.C
6.A
7.C
8.D
9.A
10.B