409 + Mcqs in Simple Interest Page 6 McqOptions

251.	Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.
A.	8125
B.	9125
C.	7125
D.	6125
Answer» D. 6125

Discussion

252.	Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter
A.	1187.5
B.	1234
C.	1289
D.	1345
Answer» B. 1234

Discussion

253.	In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?
A.	2.9 years
B.	3.5 years
C.	4.2 years
D.	4.7 years
Answer» C. 4.2 years

Discussion

254.	In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is
A.	Rs. 2882
B.	Rs. 5000
C.	Rs. 3882
D.	Rs. 4000
Answer» D. Rs. 4000

Discussion

255.	In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
A.	1.5
B.	2.5
C.	3.5
D.	4.5
Answer» B. 2.5

Discussion

256.	In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 Â½ % Â ?
A.	5.2 yrs
B.	7 yrs
C.	7.9 yrs
D.	6.3 yrs
Answer» E.

Discussion

257.	If there is a total of 104 weekly instalments and a third deposit, find: the total cost of the computer
A.	3932.55
B.	4932
C.	5932
D.	6932
Answer» B. 4932

Discussion

258.	In 2 years at simple interest the principal increases by 8%. What will be the compound interest earned (in Rs) on Rs 10 lakhs in 2 years at the sameÂ rate?
A.	86000
B.	81600
C.	90000
D.	94000
Answer» C. 90000

Discussion

259.	If there is a total of 104 weekly instalments and a thirddeposit, find the interest charged
A.	237.55
B.	337
C.	443
D.	334
Answer» B. 337

Discussion

260.	If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?
A.	Rs. 540
B.	Rs. 415
C.	Rs. 404
D.	Data is not sufficient
Answer» E.

Discussion

261.	If the time increases by 7 years, then simple interest increases by Rs 8400 on a sum of Rs 6000. What is the rate (in percentage) of interest per annum?
A.	18
B.	12
C.	20
D.	24
Answer» D. 24

Discussion

262.	If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is Â ?
A.	Rs. 580
B.	Rs. 480
C.	Rs. 550
D.	Rs. 470
Answer» C. Rs. 550

Discussion

263.	If the time increases by 5 years, then simple interest increases by Rs 3000 on a sum of Rs 5000. What is the rate (in percentage) of interest per annum?
A.	15
B.	12
C.	10
D.	6
Answer» C. 10

Discussion

264.	If there is a total of 104 weekly instalments and a third deposit, find the interest rate
A.	2.82
B.	3.82
C.	4.82
D.	5.82
Answer» D. 5.82

Discussion

265.	If J is the interest on K and K is the interest on L, the rate and time is the same on both the cases. What is the relation between J, K and L Â ?
A.	J x J = KL
B.	K x K= JL
C.	L x L = JK
D.	JKL = 1
Answer» C. L x L = JK

Discussion

266.	If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 22472, and Rs 23820.32 respectively, what is theÂ rate of interest?
A.	3 percent
B.	6 percent
C.	12 percent
D.	10 percent
Answer» C. 12 percent

Discussion

267.	If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the sameÂ rate?
A.	4775.4
B.	5774.4
C.	4557.4
D.	5575.4
Answer» B. 5774.4

Discussion

268.	If rupee two produces rupees eleven over a period of 30 years, find the rate of simple interest ?
A.	0.1725
B.	0.1814
C.	0.1833
D.	0.1735
Answer» D. 0.1735

Discussion

269.	If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3Â years at the same rate?
A.	7.81
B.	2.87
C.	2.36
D.	3.38
Answer» D. 3.38

Discussion

270.	If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?
A.	18.75
B.	27.5
C.	37.5
D.	42.25
Answer» D. 42.25

Discussion

271.	If a sum of money doubles itself in 8 yrs, thenÂ the interest rate in percentage is ?
A.	8 1â„2%
B.	0.1
C.	10 1â„2 %
D.	12 1â„2 %
Answer» E.

Discussion

272.	If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?
A.	1865.2
B.	2065.2
C.	1965.2
D.	1765.2
Answer» C. 1965.2

Discussion

273.	If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?
A.	11225
B.	11250
C.	10000
D.	7500
Answer» C. 10000

Discussion

274.	If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?
A.	18.75
B.	13.04347826087
C.	26.086956521739
D.	30
Answer» C. 26.086956521739

Discussion

275.	How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest Â ?
A.	4 years
B.	2.5 years
C.	3.5 years
D.	2 years
Answer» B. 2.5 years

Discussion

276.	How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?
A.	65years
B.	56years
C.	45years
D.	57years
Answer» C. 45years

Discussion

277.	How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?
A.	Rs.216
B.	Rs.360
C.	Rs.720
D.	Rs.960
Answer» D. Rs.960

Discussion

278.	How long will it take $3000 to earn $60 interest at 6%?
A.	2months
B.	3months
C.	4months
D.	5months
Answer» D. 5months

Discussion

279.	Gopal borrowed some money at 12% simple interest. If he had to pay back Rs. 1280 after 5 years, in order to clear off the loan. How much did he borrow?
A.	Rs. 800
B.	Rs. 620
C.	Rs. 560
D.	Rs. 480
Answer» B. Rs. 620

Discussion

280.	For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on sameÂ amount at the rate of interest of 8% per annum compounding annually for 2 years?
A.	4326.3
B.	5563.4
C.	5888.6
D.	5990.4
Answer» E.

Discussion

281.	Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received anÂ amount of Rs 9660 after two years. What is the value of x (in Rs)?
A.	9000
B.	8000
C.	8500
D.	8200
Answer» C. 8500

Discussion

282.	he difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 8% per annum is Rs 40. WhatÂ is the sum?
A.	Rs 12500
B.	Rs 6250
C.	Rs 25000
D.	Rs 18750
Answer» C. Rs 25000

Discussion

283.	For what sum will the simple interest at R% for 2 years will be R?
A.	100/2R
B.	50/R
C.	100/R
D.	200/R
Answer» D. 200/R

Discussion

284.	Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.
A.	Rs.35
B.	Rs.40
C.	Rs.25
D.	Rs.30
Answer» E.

Discussion

285.	Find the simple interest on Rs.600 for 11 months at 5 paisa per month ?
A.	Rs. 30
B.	Rs. 3.30
C.	Rs. 33
D.	Rs. 330
Answer» C. Rs. 33

Discussion

286.	Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum orÂ per year) interest.
A.	59
B.	46
C.	48.75
D.	34.75
Answer» D. 34.75

Discussion

287.	Find the principal which yields $25,000 when invested at 3% annually for 20 years.
A.	13841.89
B.	14821
C.	13468
D.	57389
Answer» B. 14821

Discussion

288.	Find the total Simple Interest on Rs. 500 at 7% per annum, on Rs. 700 at 10% per annum and on Rs. 1000 at 4% per annum for 3 years.
A.	435
B.	500
C.	700
D.	1000
Answer» B. 500

Discussion

289.	Find the approximate simple interest on Rs. 2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.
A.	Rs. 43
B.	Rs. 37
C.	Rs. 33
D.	Rs. 40
Answer» D. Rs. 40

Discussion

290.	Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a. payable annually?
A.	45
B.	32
C.	57
D.	84
Answer» C. 57

Discussion

291.	Find: S.l. on Rs 6250 at 14% per annum for 146 days.
A.	Rs.350
B.	Rs.450
C.	Rs.550
D.	Rs.650
Answer» B. Rs.450

Discussion

292.	Find: S.l. on Rs 3000 at 18% per annum for the period from 4th
A.	118
B.	105
C.	108
D.	110
Answer» D. 110

Discussion

293.	Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in allÂ from both of them as interest. The rate of interest per annum is:
A.	10.5 percent
B.	10 percent
C.	11 percent
D.	11.5 percent
Answer» C. 11 percent

Discussion

294.	Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?
A.	11.25
B.	13.25
C.	14.25
D.	15.25
Answer» D. 15.25

Discussion

295.	Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?
A.	150
B.	650
C.	600
D.	100
Answer» D. 100

Discussion

296.	Deepanshu lent Rs. 8400 to Jaipal for 15 years and Rs. 5100 to Kareem for 14 years on simple interest at the same rate of interest and received Rs. 17766Â in all from both of them as interest. The rate of interest per annum is
A.	9.5 percent
B.	10 percent
C.	10.5 percent
D.	9 percent
Answer» E.

Discussion

297.	Dalajit lent Rs 10800 to Jaabir for 3 years and Rs 7500 to Kabir for 2 years on simple interest at the same rate of interest and received Rs 1422 in all fromÂ both of them as interest. The rate of interest per annum is
A.	3.5 percent
B.	4 percent
C.	3 percent
D.	4.5 percent
Answer» D. 4.5 percent

Discussion

298.	Consider the following question and decide which of the statements is sufficient to answer the question._x005F_x000D_ Â _x005F_x000D_ The simple interest on a sum of money is Rs. 100. What is the sum?_x005F_x000D_ Â _x005F_x000D_ Statements:_x005F_x000D_ I. The interest rate is 20% per annum._x005F_x000D_ II. The sum earned simple interest in 5 years._x005F_x000D_
A.	Both statements I and II are sufficient
B.	Only statement I is sufficient
C.	Only statement II is sufficient
D.	Either statement I or II is sufficient
Answer» B. Only statement I is sufficient

Discussion

299.	Deepinder lent Rs 8200 to Jairaj for 16 years and Rs 4900 to Karna for 15 years on simple interest at the same rate of interest and received Rs 19446.5 inÂ all from both of them as interest. The rate of interest per annum is:
A.	10 percent
B.	10.5 percent
C.	9.5 percent
D.	11 percent
Answer» D. 11 percent

Discussion

300.	Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a. Â What is the total cost of the car?
A.	30.24
B.	31.24
C.	33.24
D.	32240
Answer» E.

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter

In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?

In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is

In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 Â½ % Â ?

If there is a total of 104 weekly instalments and a third deposit, find: the total cost of the computer

In 2 years at simple interest the principal increases by 8%. What will be the compound interest earned (in Rs) on Rs 10 lakhs in 2 years at the sameÂ rate?

If there is a total of 104 weekly instalments and a thirddeposit, find the interest charged

If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?

If the time increases by 7 years, then simple interest increases by Rs 8400 on a sum of Rs 6000. What is the rate (in percentage) of interest per annum?

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is Â ?

If the time increases by 5 years, then simple interest increases by Rs 3000 on a sum of Rs 5000. What is the rate (in percentage) of interest per annum?

If there is a total of 104 weekly instalments and a third deposit, find the interest rate

If J is the interest on K and K is the interest on L, the rate and time is the same on both the cases. What is the relation between J, K and L Â ?

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 22472, and Rs 23820.32 respectively, what is theÂ rate of interest?

If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the sameÂ rate?

If rupee two produces rupees eleven over a period of 30 years, find the rate of simple interest ?

If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3Â years at the same rate?

If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?

If a sum of money doubles itself in 8 yrs, thenÂ the interest rate in percentage is ?

If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?

If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?

If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?

How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest Â ?

How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?

How long will it take $3000 to earn $60 interest at 6%?

Gopal borrowed some money at 12% simple interest. If he had to pay back Rs. 1280 after 5 years, in order to clear off the loan. How much did he borrow?

For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on sameÂ amount at the rate of interest of 8% per annum compounding annually for 2 years?

Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received anÂ amount of Rs 9660 after two years. What is the value of x (in Rs)?

he difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 8% per annum is Rs 40. WhatÂ is the sum?

For what sum will the simple interest at R% for 2 years will be R?

Find the simple interest on Rs. 50 for 6 months at the rate of 10 paise per rupee per month.

Find the simple interest on Rs.600 for 11 months at 5 paisa per month ?

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum orÂ per year) interest.

Find the principal which yields $25,000 when invested at 3% annually for 20 years.

Find the total Simple Interest on Rs. 500 at 7% per annum, on Rs. 700 at 10% per annum and on Rs. 1000 at 4% per annum for 3 years.

Find the approximate simple interest on Rs. 2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.

Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a. payable annually?

Find: S.l. on Rs 6250 at 14% per annum for 146 days.

Find: S.l. on Rs 3000 at 18% per annum for the period from 4th

Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in allÂ from both of them as interest. The rate of interest per annum is:

Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?

Deepanshu lent Rs. 8400 to Jaipal for 15 years and Rs. 5100 to Kareem for 14 years on simple interest at the same rate of interest and received Rs. 17766Â in all from both of them as interest. The rate of interest per annum is

Dalajit lent Rs 10800 to Jaabir for 3 years and Rs 7500 to Kabir for 2 years on simple interest at the same rate of interest and received Rs 1422 in all fromÂ both of them as interest. The rate of interest per annum is

Deepinder lent Rs 8200 to Jairaj for 16 years and Rs 4900 to Karna for 15 years on simple interest at the same rate of interest and received Rs 19446.5 inÂ all from both of them as interest. The rate of interest per annum is:

Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a. Â What is the total cost of the car?