QUANTITATIVE APTITUDE - SIMPLE INTEREST SET 07

SIMPLE INTEREST SET 07

1. The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a.
II. The sum earned simple interest in 10 years
 

A) I alone sufficient while II alone not sufficient to answer    
B) II alone sufficient while I alone not sufficient to answer
C) Either I or II alone sufficient to answer      

D) Both I and II are necessary to answer
 

2 . How much time will it take for an amount of Rs. 1500 to get Rs. 225 as interest at 5% per annum of simple interest ?
 

A.  1 year        B.  2 years        C.  4 years        D.  3 years
 

3. What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?
 

A.  Rs. 220        B.  Rs. 240        C.  Rs. 250        D.  Rs. 280
 

4. At what rate of interest, a sum of Rs. 15000 will be Rs. 17625 in 5 years?
 

A.  3 %            B.  3.5 %        C.  4 %            D.  4.5 %
 

5. What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 2 years & for 4 years ?
 

A.  2 : 1            B.  1 : 2            C.  1 : 3            D.  Cannot determind
 

6. A person takes a loan of Rs. 2500 at 4 % simple interest. He returns Rs. 1500 at the end of 1 year. What amount he would pay to clear his dues at the end of 2 years ?
 

A.  Rs. 1100        B.  Rs. 1140        C.  Rs. 1050        D.  Rs. 1150
 

7. Ram borrows a sum from Mohan at the rate of 8 % p.a. simple interest.After 2 years he had to pay Rs. 1600 as interest,only for the period.The principle amount borrowed by Ram was :
 

A.  Rs. 9500        B.  Rs. 11000        C.  Rs. 10000        D.  Rs. 10500
 

8. A certain amount earns simple interest of Rs. 2500 after 5 years. If the rate of interest increases by 3 %,how much more interest would it have earned?
 

A.  Rs. 50        B.  Rs. 250        C.  Rs. 340        D.  Cannot determind
 

9. A sum of money amounts to Rs. 10560 after 4 years and Rs. 11840 after 6 years at the same rate of simple interest.The rate of interest per annum is :
 

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

10. Sohan received a sum at 12 % p.a. simple interest. After 5 years he returned the principal and interest. If he returned Rs. 16000. What was the principal amount?
 

A.  Rs. 9000        B.  Rs. 9500        C.  Rs. 10000        D.  Rs. 10500


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