409 + Mcqs in Simple Interest Page 5 McqOptions

201.	Simple interest on a sum of Rs 1400 for 3 years and 4 months is Rs 700. What is the rate (in percentage) of interest per annum?
A.	17
B.	15
C.	18
D.	12
Answer» C. 18

Discussion

202.	Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?
A.	8500
B.	9500
C.	8000
D.	6800
Answer» B. 9500

Discussion

203.	Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum ?
A.	2600
B.	2620
C.	1320
D.	2880
Answer» C. 1320

Discussion

204.	Simple interest on a sum for 9 months at 8% per annum is Rs 270.What is the value (in Rs) of the sum?_x005F_x000D_
A.	5200
B.	5400
C.	4500
D.	3600
Answer» D. 3600

Discussion

205.	Simple interest on a sum for 18 months at 14% per annum is Rs 1365.What is the value (in Rs) of sum?
A.	6100
B.	7300
C.	8100
D.	6500
Answer» E.

Discussion

206.	Simple interest on a sum for 12 months at the rate of 25% per annum is Rs 935.What is the value (in Rs) of sum?
A.	3740
B.	3200
C.	4410
D.	4720
Answer» B. 3200

Discussion

207.	Simple interest on a sum for 5 years is equal to 20% of the principal. In how many years interest will be equal to the principal?
A.	20
B.	25
C.	15
D.	16
Answer» C. 15

Discussion

208.	Simple interest on a sum for 10 years is equal to 5% of the principal. In how many years interest will be equal to the principal?_x005F_x000D_
A.	100_x005F_x000D_
B.	150
C.	200
D.	250
Answer» D. 250

Discussion

209.	Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is
A.	Rs 525
B.	Rs 1050
C.	Rs 260
D.	Rs 420
Answer» B. Rs 1050

Discussion

210.	Simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 5250. What will be the compound interest on that sum at the same rate for the same period?
A.	Rs. 5510.88
B.	Rs. 5516.88
C.	Rs. 5512.88
D.	Rs. 5517.88
Answer» C. Rs. 5512.88

Discussion

211.	Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:
A.	Rs 14000
B.	Rs 3500
C.	Rs 7000
D.	Rs 5600
Answer» D. Rs 5600

Discussion

212.	Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sumÂ placed on simple interest is:
A.	Rs 3500
B.	Rs 875
C.	Rs 1750
D.	Rs 1400
Answer» D. Rs 1400

Discussion

213.	Simple interest on a certain sum of money for 3 years at 16% per annum is half the compound interest on Rs. 12000 for 2 years at 10% per annum.Â The sum placed on simple interest is
A.	Rs 5250
B.	Rs 1325
C.	Rs 2100
D.	Rs 2625
Answer» E.

Discussion

214.	Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.
A.	Rate = 7% and Time = 7 years.
B.	Rate = 8% and Time = 8 years.
C.	Rate = 6% and Time = 6 years.
D.	Rate = 5% and Time = 5 years.
Answer» C. Rate = 6% and Time = 6 years.

Discussion

215.	Simple interest on a certain sum of money for 3 years at 14% per annum is half the compound interest on Rs. 10000 for 2 years at 10% per annum. TheÂ sum placed on simple interest is
A.	Rs 5000
B.	Rs 1250
C.	Rs 2000
D.	Rs 2500
Answer» E.

Discussion

216.	Simple interest on a certain sum of money for 3 years at 10% per annum is half the compound interest on Rs 6000 for 2 years at 10% per annum. The sum placed on simple interest is
A.	Rs 4200
B.	Rs 2100
C.	Rs 1680
D.	Rs 1050
Answer» C. Rs 1680

Discussion

217.	Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?_x005F_x000D_
A.	40000, 20000_x005F_x000D_
B.	48000, 12000_x005F_x000D_
C.	36000, 24000_x005F_x000D_
D.	32000, 28000
Answer» D. 32000, 28000

Discussion

218.	Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?
A.	Rs. 500
B.	Rs. 245
C.	Rs. 1250
D.	Rs. 635
Answer» B. Rs. 245

Discussion

219.	Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of
A.	Rs. 480
B.	Rs. 280
C.	Rs. 330
D.	Rs. 290
Answer» D. Rs. 290

Discussion

220.	Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.
A.	1.6979166666667
B.	0.2125
C.	0.67708333333333
D.	0.38055555555556
Answer» E.

Discussion

221.	Rs. x invested at 9% simple interest per annum for 5 years yields the same interest as that on Rs.y invested at 7.5% simple interest per annum for 4 years. Find x:y?
A.	1.8958333333333
B.	0.085416666666667
C.	0.67708333333333
D.	0.33958333333333
Answer» C. 0.67708333333333

Discussion

222.	Rs. x invested at 9% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 6.25% simple interest per annum for 8 years. Find x:y._x005F_x000D_ Â _x005F_x000D_
A.	16:15_x005F_x000D_
B.	10:9_x005F_x000D_
C.	45:50_x005F_x000D_
D.	0.21388888888889
Answer» C. 45:50_x005F_x000D_

Discussion

223.	Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?
A.	0.096
B.	0.024
C.	0.072
D.	0.12
Answer» B. 0.024

Discussion

224.	Ronika deposited Rs.7000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much ?
A.	9850
B.	9500
C.	9620
D.	9760
Answer» D. 9760

Discussion

225.	Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?
A.	556
B.	665
C.	756
D.	856
Answer» D. 856

Discussion

226.	Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years andÂ 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?
A.	2400
B.	2500
C.	2900
D.	3100
Answer» D. 3100

Discussion

227.	Ravi invested Rs.P in a scheme A offering simple interest at 10% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme (B) offering simple interest at 12% p.a. for five years. If the difference between the interests earned from schemes A and B was Rs. 13,00/, what is the value of P ?
A.	2500
B.	2000
C.	3000
D.	3500
Answer» B. 2000

Discussion

228.	Ram lent Rs. 6,000/- to Shiva for 3 years and Rs. 8,000/- to Krishna for 5 years at the same rate of simple interest per annum. He got a total interest of Rs. 5,220 from both. Find the rate of interest per annum.
A.	0.06
B.	0.07
C.	0.08
D.	0.09
Answer» E.

Discussion

229.	Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of
A.	Rs. 240
B.	Rs. 200
C.	Rs. 280
D.	Rs. 480
Answer» B. Rs. 200

Discussion

230.	Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find thevalue of X.
A.	4 years
B.	3 years
C.	2 years
D.	5 years
Answer» E.

Discussion

231.	R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?
A.	Rs.1,860
B.	Rs.1,800
C.	Rs.1,980
D.	Rs.2,000
Answer» D. Rs.2,000

Discussion

232.	Question :_x005F_x000D_ What is the sum which earned interest ?_x005F_x000D_ Statements :_x005F_x000D_ a. The total simple interest was Rs. 9000 after 9 years.b. The total of sum and simple interest was double of the sum after 6 years.
A.	Only a is sufficient
B.	Neither a nor b is sufficient
C.	Only b is sufficient
D.	Both a and b sufficient
Answer» E.

Discussion

233.	Puneet lent out Rs 30000 in two parts, one at 5% and the other at 9% interest. The yearly average interest comes out to be 6%. What are the amounts (inRs) that are lent at 5% and 9% respectively?_x005F_x000D_
A.	20000, 10000_x005F_x000D_
B.	22500, 7500_x005F_x000D_
C.	18000, 12000_x005F_x000D_
D.	21000, 9000
Answer» C. 18000, 12000_x005F_x000D_

Discussion

234.	Praveena 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 ?
A.	6
B.	7
C.	9
D.	11
Answer» B. 7

Discussion

235.	On simple interest an amount becomes Rs. 812 in two years and Rs. 924 in four years. What is the rate of interest on that amount?
A.	0.072
B.	0.08
C.	0.085
D.	0.093
Answer» C. 0.085

Discussion

236.	On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be
A.	Rs. 2550
B.	Rs. 2424
C.	Rs. 2224
D.	Rs. 2380
Answer» C. Rs. 2224

Discussion

237.	On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?
A.	0.08
B.	0.075
C.	0.09
D.	0.085
Answer» B. 0.075

Discussion

238.	On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?
A.	6 percent
B.	24 percent
C.	12 percent
D.	18 percent
Answer» D. 18 percent

Discussion

239.	On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?
A.	7.5 percent
B.	30 percent
C.	15 percent
D.	22.5 percent
Answer» D. 22.5 percent

Discussion

240.	Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?
A.	282
B.	1187
C.	1178
D.	228
Answer» D. 228

Discussion

241.	Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?
A.	261
B.	1161
C.	1116
D.	216
Answer» D. 216

Discussion

242.	Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?
A.	16.75 yrs
B.	15.25 yrs
C.	14 yrs
D.	13.5 yrs
Answer» C. 14 yrs

Discussion

243.	Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?
A.	Rs. 165
B.	Rs. 860
C.	Rs. 806
D.	Rs. 156
Answer» D. Rs. 156

Discussion

244.	Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1â„4% p.a for 2 years. Find her gain in the transaction per year.
A.	Rs. 101
B.	Rs. 98.5
C.	Rs. 124.3
D.	Rs. 112.5
Answer» E.

Discussion

245.	loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan was taken out on April 7 and is due in seven months
A.	13615.52
B.	14615.52
C.	15615.52
D.	16615.52
Answer» D. 16615.52

Discussion

246.	M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.
A.	Rs.4000
B.	Rs.5000
C.	Rs.6000
D.	Rs.7000
Answer» D. Rs.7000

Discussion

247.	Manish lent out Rs 20000 in two parts. He put out first part at 6% and the second part at 8% interest. The yearly average interest comes out to be 6.4%.What are the amounts (in Rs) that were lent at 6% and 8% respectively?_x005F_x000D_
A.	16000, 4000
B.	12000, 8000
C.	15000, 5000
D.	18000, 2000
Answer» B. 12000, 8000

Discussion

248.	Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?
A.	0.17013888888889
B.	0.21111111111111
C.	0.29583333333333
D.	0.25486111111111
Answer» B. 0.21111111111111

Discussion

249.	Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effectiveÂ rate of interest.
A.	22588
B.	32.588
C.	42.588
D.	43.588
Answer» B. 32.588

Discussion

250.	Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?
A.	434
B.	345
C.	235.2
D.	233.2
Answer» D. 233.2

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

Simple interest on a sum of Rs 1400 for 3 years and 4 months is Rs 700. What is the rate (in percentage) of interest per annum?

Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?

Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum ?

Simple interest on a sum for 9 months at 8% per annum is Rs 270.What is the value (in Rs) of the sum?_x005F_x000D_

Simple interest on a sum for 18 months at 14% per annum is Rs 1365.What is the value (in Rs) of sum?

Simple interest on a sum for 12 months at the rate of 25% per annum is Rs 935.What is the value (in Rs) of sum?

Simple interest on a sum for 5 years is equal to 20% of the principal. In how many years interest will be equal to the principal?

Simple interest on a sum for 10 years is equal to 5% of the principal. In how many years interest will be equal to the principal?_x005F_x000D_

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

Simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 5250. What will be the compound interest on that sum at the same rate for the same period?

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sumÂ placed on simple interest is:

Simple interest on a certain sum of money for 3 years at 16% per annum is half the compound interest on Rs. 12000 for 2 years at 10% per annum.Â The sum placed on simple interest is

Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.

Simple interest on a certain sum of money for 3 years at 14% per annum is half the compound interest on Rs. 10000 for 2 years at 10% per annum. TheÂ sum placed on simple interest is

Simple interest on a certain sum of money for 3 years at 10% per annum is half the compound interest on Rs 6000 for 2 years at 10% per annum. The sum placed on simple interest is

Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?_x005F_x000D_

Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of

Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.

Rs. x invested at 9% simple interest per annum for 5 years yields the same interest as that on Rs.y invested at 7.5% simple interest per annum for 4 years. Find x:y?

Rs. x invested at 9% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 6.25% simple interest per annum for 8 years. Find x:y._x005F_x000D_ Â _x005F_x000D_

Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?

Ronika deposited Rs.7000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much ?

Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?

Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years andÂ 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?

Ram lent Rs. 6,000/- to Shiva for 3 years and Rs. 8,000/- to Krishna for 5 years at the same rate of simple interest per annum. He got a total interest of Rs. 5,220 from both. Find the rate of interest per annum.

Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of

Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find thevalue of X.

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

Question :_x005F_x000D_ What is the sum which earned interest ?_x005F_x000D_ Statements :_x005F_x000D_ a. The total simple interest was Rs. 9000 after 9 years.b. The total of sum and simple interest was double of the sum after 6 years.

Puneet lent out Rs 30000 in two parts, one at 5% and the other at 9% interest. The yearly average interest comes out to be 6%. What are the amounts (inRs) that are lent at 5% and 9% respectively?_x005F_x000D_

Praveena 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 ?

On simple interest an amount becomes Rs. 812 in two years and Rs. 924 in four years. What is the rate of interest on that amount?

On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be

On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?

On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?

On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1â„4% p.a for 2 years. Find her gain in the transaction per year.

loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan was taken out on April 7 and is due in seven months

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.

Manish lent out Rs 20000 in two parts. He put out first part at 6% and the second part at 8% interest. The yearly average interest comes out to be 6.4%.What are the amounts (in Rs) that were lent at 6% and 8% respectively?_x005F_x000D_

Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?

Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effectiveÂ rate of interest.

Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?

Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1â„4% p.a for 2 years. Find her gain in the transaction per year.