Aptitude Quiz - Simple Interest 3

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Today Bankers Adda came back with a New Quiz on Aptitude
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Aptitude Quiz on Simple Interest 3

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. 15%

B. 12%

C. 8%

D. 5%

2. A man took loan from a bank at the rate of 8% p.a. simple interest. After 4 years he had to pay Rs. 6200 interest only for the period. The principal amount borrowed by him was:

A. Rs.17322

B. Rs.20245

C. Rs.18230

D. Rs.19375

3. A certain amount earns simple interest of Rs. 1200 after 10 years. Had the interest been 2% more, how much more interest would it have earned?

A. Rs. 25

B. None of these

C. Rs. 120

D. Cannot be determined

4. A sum of Rs. 14,000 amounts to Rs. 22,400 in 12 years at the rate of simple interest. What is the rate of interest?

A. 7%

B. 6%

C. 5%

D. 4%

5. An automobile 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. None of these

B. 10.25%

C. 10.5%

D. 10%

6. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

A. 3.46%

B. None of these

C. 4.5%

D. 5%

7. 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. 5%

B. 10%

C. 7%

D. 8%

8. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 5 years and that for 15 years?

A. 3 : 2

B. 1 : 3

C. 2 : 3

D. 3 : 1

9. What annual payment will discharge a debt of Rs. 6450 due in 4 years at 5% per annum?

A. Rs.1500

B. Rs.1400

C. Rs.1800

D. Rs.1600

10. A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is

A. Rs.2875

B. Rs.1885

C. Rs.2245

D. Rs.2615

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