QUANTITATIVE APTITUDE - SIMPLE INTEREST SET 04

SIMPLE INTEREST SET 04

1. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.
 

A.Rs 1052        B.Rs 1152        C.Rs 1252        D.Rs 1352
 

2. In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%
 

A.8            B.9            C.10            D.11
 

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

A.1:2            B.2:1            C.2:2            D.2:3
 

4. A financier claims to be lending money at 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.10.25%        B.10%            C.9.25%        D.9%
 

5. 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.9%            B.10%            C.11%            D.12%
 

6. A lent Rs. 5000 to B for 2 years and Rs 3000 to C for 4 years on simple interest at the same rate of interest and received Rs 2200 in all from both of them as interest. The rate of interest per annum is
 

A.9%            B.10%            C.11%            D.12%
 

7. We have total amount Rs. 2379, now divide this amount in three parts so that their sum become equal after 2, 3 and 4 years respectively. If rate of interest is 5% per annum then first part will be ?
 

A.818            B.828            C.838            D.848
 

8.What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
 

 A) Rs.325          B) Rs.545          C) Rs.560          D) Rs.550
 

9.In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
 

 A) 1.5              B) 2.5              C) 3.5              D) 4.5
 

10.A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum?
 

 A) Rs.1200         B) Rs.1300          C) Rs.1400          D) Rs.1500

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