Simple Interest : Aptitude Question & Answer
Directions of questions: In the following questions, Choose the correct answer from the given options and click the number of your choice.
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Quiz Name  Simple Interest 
Quiz Category  Aptitude Practice 
Question Type  Multiple Choice Questions 
No. of Questions  30 
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Question 1 of 30
1. Question
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at % p.a. for 2 years. Find his gain in the transaction per year.
Correct
Answer: Rs. 112.50
Incorrect
Correct answer: Rs. 112.50

Question 2 of 30
2. Question
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?
Correct
Answer: 4 years
Incorrect
Correct answer: 4 years

Question 3 of 30
3. Question
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest ?
Correct
Answer: 6%
Incorrect
Correct answer: 6%

Question 4 of 30
4. Question
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?
Correct
Answer: 6
Incorrect
Correct answer: 6

Question 5 of 30
5. Question
A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was :
Correct
Answer: Rs. 15,000
Incorrect
Correct answer: Rs. 15,000

Question 6 of 30
6. Question
What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum ?
Correct
Answer: Rs. 120
Incorrect
Correct answer: Rs. 120

Question 7 of 30
7. Question
A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum ?
Correct
Answer: Rs. 8925
Incorrect
Correct answer: Rs. 8925

Question 8 of 30
8. Question
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 ?
Correct
Answer: Rs. 1052
Incorrect
Correct answer: Rs. 1052

Question 9 of 30
9. Question
In how many years, Rs. 150 will produce the same interest @ 8% as Rs. 800 produce in 3 years @ % ?
Correct
Answer: 9
Incorrect
Correct answer: 9

Question 10 of 30
10. Question
A sum invested at 5% simple interest per annum grows to Rs. 504 in 4 years. The same amount at 10% simple interest per annum in years will grow to :
Correct
Answer: Rs. 525
Incorrect
Correct answer: Rs. 525

Question 11 of 30
11. Question
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years ?
Correct
Answer: 2 : 3
Incorrect
Correct answer: 2 : 3

Question 12 of 30
12. Question
Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a.for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow ?
Correct
Answer: Rs. 8000
Incorrect
Correct answer: Rs. 8000

Question 13 of 30
13. Question
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 :
Correct
Answer: 10.25%
Incorrect
Correct answer: 10.25%

Question 14 of 30
14. Question
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :
Correct
Answer: Rs. 698
Incorrect
Correct answer: Rs. 698

Question 15 of 30
15. Question
A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is :
Correct
Answer: Rs. 600
Incorrect
Correct answer: Rs. 600

Question 16 of 30
16. Question
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 :
Correct
Answer: 12%
Incorrect
Correct answer: 12%

Question 17 of 30
17. Question
At what rate percent of simple interest will a sum of money double itself in 12 years ?
Correct
Answer: 25/3 %
Incorrect
Correct answer: 25/3 %

Question 18 of 30
18. Question
At what rate percent per annum will the simple interest on a sum of money be of the amount in 10 year ?
Correct
Answer: 4%
Incorrect
Correct answer: 4%

Question 19 of 30
19. Question
In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum ?
Correct
Answer: 5/4 years
Incorrect
Correct answer: 5/4 years

Question 20 of 30
20. Question
A sum of money becomes of itself in 3 years at a certain rate of simple interest.The rate per annum is :
Correct
Answer: 50/9 %
Incorrect
Correct answer: 50/9 %

Question 21 of 30
21. Question
Simple interest on a certain amount is of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is :
Correct
Answer: 15/2 years
Incorrect
Correct answer: 15/2 years

Question 22 of 30
22. Question
A lends Rs. 2500 to B and a certain sum to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is :
Correct
Answer: Rs. 1500
Incorrect
Correct answer: Rs. 1500

Question 23 of 30
23. Question
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 :
Correct
Answer: 10%
Incorrect
Correct answer: 10%

Question 24 of 30
24. Question
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 ?
Correct
Answer: 3.46%
Incorrect
Correct answer: 3.46%

Question 25 of 30
25. Question
The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is :
Correct
Answer: 0.3%
Incorrect
Correct answer: 0.3%

Question 26 of 30
26. Question
Peter invested an amount of Rs. 12,000 at the rate of 10 p.c.p.a. simple interest and another amount at the rate of 20 p.c.p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14 p.c.p.a. Find the total amount invested.
Correct
Answer: Rs. 20,000
Incorrect
Correct answer: Rs. 20,000

Question 27 of 30
27. Question
If the annual rate of simple interest increases from 10% to % , a man’s yearly income increases by Rs. 1250. His principal (in Rs.) is :
Correct
Answer: 50,000
Incorrect
Correct answer: 50,000

Question 28 of 30
28. Question
A moneylender finds that due to a fall in the annual rate of interest from 8% to % , his yearly income diminishes by Rs. 61.50. His capital is :
Correct
Answer: Rs. 24,600
Incorrect
Correct answer: Rs. 24,600

Question 29 of 30
29. Question
The price of a TV. set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then, the value of the last instalment covering the interest as well will be :
Correct
Answer: Rs.19000
Incorrect
Correct answer: Rs.19000

Question 30 of 30
30. Question
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was theamount invested in Scheme B ?
Correct
Answer: Rs. 6400
Incorrect
Correct answer: Rs. 6400