Aptitude Quiz - Simple Interest 4

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Today Bankers Adda came back with a New Quiz on Aptitude
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

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Aptitude Quiz on Simple Interest 4

1. A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all three cases. The money invested at 4% is:

A. Rs.2200

B. Rs.800

C. Rs.1600

D. Rs.1200

2. If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?

A. 6%

B. 4%

C. 8%

D. 12%

3. A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :

A. 9%

B. 10%

C. 11%

D. 12%

4. A sum of Rs. 7700 is to be divided among three brothers Vikas, Vijay and Viraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years respectively remains equal. The Share of Vikas is more than that of Viraj by

A. Rs.1200

B. Rs.1400

C. Rs.2200

D. Rs.2800

5. If a sum of Rs. 9 is lent to be paid back in 10 equal monthly installments of re. 1 each, then the rate of interest is

A. 11.33%

B. 11%

C. 266.67%

D. 26.67%

6. If the simple interest on Rs. 2000 is less than the Simple Interest on Rs. 3000 at 5% by Rs. 50, find the time.

A. 2.5 year

B. 1 year

C. 1.5 year

D. 2 year

7. Divide Rs. 2379 into 3 parts so that their amount after 2,3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is

A. Rs. 828

B. Rs. 746

C. Rs. 248

D. Rs. 1024

8. David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240% of the amount invested in Scheme B, what was the amount invested in Scheme B?

A. Rs.5000

B. Rs.2000

C. Rs.6000

D. Rs.3000

9. A sum of money doubles in 12 years. In how many years, it will treble at S.I.

A. 12 years

B. 8 years

C. 6 years

D. 24 years

10. A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is:

A. 16 : 15

B. 15 : 16

C. 15 : 8

D. 8 : 15

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