QUANTITATIVE APTITUDE - SIMPLE INTEREST SET 03

SIMPLE INTEREST SET 03

1. Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.
 

A.10%            B.20%            C.30%            D.40%
 

2. At 5% per annum simple interest, Rahul borrowed Rs. 500. What amount will he pay to clear the debt after 4 years
 

A.750            B.700            C.650            D.600
 

3. If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is
 

A.12            B.12.5            C.13            D.13.5
 

4. A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent
 

A.6 %            B.7 %            C.8 %            D.9 %
 

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

A.110            B.120            C.130            D.140
 

6. Reema 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 the end of the loan period, what was the rate of interest.
 

A.5%            B.6%            C.7%            D.8%
 

7. 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 intrest the same amount of interest can be received on the same sum after 5 years.
 

A.5%            B.6%            C.7%            D.8%
 

8. A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.
 

A.Rs 14000        B.Rs 15000        C.Rs 16000        D.Rs 17000
 

9. A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount
 

A.1000            B.1500            C.2000            D.2500
 

10. At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years
 

A.1%            B.2%            C.3%            D.4%

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