Aptitude Quiz - Simple Interest 5

Bankers Adda is also known to be called as Aptitude Quiz adda.
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 5

1. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

A. Rs.3100

B. Rs.2700

C. Rs.2200

D. Rs.1800

2. A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?

A. 820%

B. 620%

C. 780%

D. 640%

3. In how many years, Rs. 150 will produce the same interest at 6% as Rs. 800 produce in 2 years at 4½% ?

A. 4 years

B. 6 years

C. 8 years

D. 9 years

4. The interest on a certain deposit at 5% per annum is Rs. 101.20 in one year. How much will the additional interest in one year be on the same deposit at 6% per annum?

A. Rs.20.8

B. Rs.19.74

C. Rs.20.24

D. Rs.19.5

5. A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

A. 12.25%

B. 12%

C. 6%

D. 13.75%

6. What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.

A. 113%
B. 143%
C. 12%

D. 14%

7. A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:

A. Rs.750

B. Rs.700

C. Rs.820

D. Rs.940

8. What is the interest due after 40 days for Rs. 3200 at 10%

A. 35.07

B. 36.21

C. 35.52

D. 34

9. The simple interest at x% for x years will be Rs. x on a sum of:

A. Rs. x

B. Rs. x2

C. Rs. 100x

D. Rs. 100x2

10. The simple interest on Rs.500 at 6% per annum from May 3rd to July 15th in the same year is

A. Rs. 8

B. Rs. 6

C. Rs. 4

D. Rs. 9

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