MCQOPTIONS
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MCQOPTIONS
This section includes 409 Mcqs, each offering curated multiple-choice questions to sharpen your Arithmetic Ability knowledge and support exam preparation. Choose a topic below to get started.
| 351. |
A sum of money invested at simpleinterest triples itself in 8 years. How many times will it become in 20 years time? |
| A. | 8 times |
| B. | 7 times |
| C. | 6 times |
| D. | 9 times |
| Answer» D. 9 times | |
| 352. |
A sum of money invested for 2 yrs and 9 months at the rate of 8% simple interest per annum became Rs.732 at the end of the period. What was the sum that was initially invested? |
| A. | Rs. 575 |
| B. | Rs. 500 |
| C. | Rs. 600 |
| D. | Rs. 550 |
| Answer» D. Rs. 550 | |
| 353. |
A sum of money becomes 77/50 of itself in 18/5 years when invested at simple interest. What is the rate (in percentage) of interest per annum? |
| A. | 20 |
| B. | 18 |
| C. | 12 |
| D. | 15 |
| Answer» E. | |
| 354. |
A sum of money invested at simple interest becomes 13/10 of itself in 2 years and 6 months. What is the rate (in percentage) of interest per annum?_x005F_x000D_ |
| A. | 10 |
| B. | 15 |
| C. | 12 |
| D. | 18 |
| Answer» D. 18 | |
| 355. |
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:_x005F_x000D_ |
| A. | 0.05 |
| B. | 0.08 |
| C. | 0.12 |
| D. | 0.15 |
| Answer» D. 0.15 | |
| 356. |
A sum of 2,000, invested at the rate of 8.5% simple interest per annum for 6years will yield an interest of |
| A. | Rs. 935 |
| B. | Rs. 1020 |
| C. | Rs. 510 |
| D. | Rs. 1275 |
| Answer» C. Rs. 510 | |
| 357. |
A sum of money at simple interest amounts to Rs. 415 in 2 years and to Rs. 514 in 4 years. The sum is ? |
| A. | Rs. 316 |
| B. | Rs. 251 |
| C. | Rs. 154 |
| D. | Rs. 294 |
| Answer» B. Rs. 251 | |
| 358. |
A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is ? |
| A. | 45/7 % |
| B. | 50/9 % |
| C. | 51/7 % |
| D. | 47/ 9 % |
| Answer» C. 51/7 % | |
| 359. |
A sum fetched a total simple interest of Rs. 7728 at the rate of 7% per year in 8 years. What is the sum? |
| A. | Rs 13800 |
| B. | Rs 16560 |
| C. | Rs 11040 |
| D. | Rs 8280 |
| Answer» B. Rs 16560 | |
| 360. |
A sum fetched a total simple interest of Rs.5,400 at the rate of 12.5 %/yr in 4 years. What is the sum (in Rs)? |
| A. | 11800 |
| B. | 12800 |
| C. | 9800 |
| D. | 10800 |
| Answer» E. | |
| 361. |
A sum fetched a total simple interest of Rs. 7056 at the rate of 8 percent per year in 7 years. What is the sum? |
| A. | Rs 12600 |
| B. | Rs 15120 |
| C. | Rs 10080 |
| D. | Rs 7560 |
| Answer» B. Rs 15120 | |
| 362. |
A sum fetched a total simple interest of Rs. 8100 at the rate of 6% per year in 9 years. What is the sum? |
| A. | Rs 15000 |
| B. | Rs 18000 |
| C. | Rs 12000 |
| D. | Rs 9000 |
| Answer» B. Rs 18000 | |
| 363. |
A sum fetched a total simple interest of Rs. 9648 at the rate of 12% per year in 6 years. What is the sum? |
| A. | Rs 16080 |
| B. | Rs 10720 |
| C. | Rs 8040 |
| D. | Rs 13400 |
| Answer» E. | |
| 364. |
A sum fetched a total simple interest of Rs 1200 at the rate of 7.5%/yr in 4 years. What is the sum (in Rs)? |
| A. | 4000 |
| B. | 6000 |
| C. | 8000 |
| D. | 7500 |
| Answer» B. 6000 | |
| 365. |
A sum becomes Rs 8800 in 4 years at simple interest at the yearly interest rate of 25% per annum. What is the sum (in Rs)?_x005F_x000D_ |
| A. | 4400 |
| B. | 6600 |
| C. | 7040 |
| D. | 6400 |
| Answer» B. 6600 | |
| 366. |
A sum fetched a total simple interest of Rs 5320 at the rate of 7% per year in 5 years. What is the sum? |
| A. | Rs 18240 |
| B. | Rs 12160 |
| C. | Rs 15200 |
| D. | Rs 9120 |
| Answer» D. Rs 9120 | |
| 367. |
A sum becomes Rs 2286 in 3 years and Rs 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum? |
| A. | 10 |
| B. | 9 |
| C. | 8 |
| D. | 11 |
| Answer» C. 8 | |
| 368. |
A sum borrowed at 6% p.a earns an interest which is 1/3rd, if its principal in x years. Find x._x005F_x000D_ |
| A. | 559 |
| B. | 429 |
| C. | 637 |
| D. | 534 |
| Answer» B. 429 | |
| 369. |
A sum becomes Rs 1392 in 2 years and Rs 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum? |
| A. | 8 |
| B. | 10 |
| C. | 12 |
| D. | 8.5 |
| Answer» B. 10 | |
| 370. |
A sum becomes Rs 10000 in 10 years on simple interest at the rate of 10% per annum. What is the total interest (in Rs) of the 10 years? |
| A. | 4000 |
| B. | 5000 |
| C. | 2500 |
| D. | 4500 |
| Answer» C. 2500 | |
| 371. |
A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)? |
| A. | 5000 |
| B. | 5200 |
| C. | 5350 |
| D. | 5500 |
| Answer» E. | |
| 372. |
A Rent 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: |
| A. | 0.05 |
| B. | 0.07 |
| C. | 0.075 |
| D. | 0.1 |
| Answer» E. | |
| 373. |
A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ? |
| A. | 0.1333 |
| B. | 0.1425 |
| C. | 0.1698 |
| D. | 0.1875 |
| Answer» E. | |
| 374. |
A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments |
| A. | 53 |
| B. | 42 |
| C. | 62 |
| D. | 82 |
| Answer» E. | |
| 375. |
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay : |
| A. | Rs. 100 |
| B. | Rs. 105 |
| C. | Rs. 115 |
| D. | Rs. 110 |
| Answer» D. Rs. 110 | |
| 376. |
A person lent Rs 10000 to B for 3 years and Rs 6000 to C for 4 years on simple interest at same rate of interest and received Rs 5400 in all from both ofthem as interest. What is the rate of interest (in %)? |
| A. | 10 |
| B. | 12 |
| C. | 20 |
| D. | 25 |
| Answer» B. 12 | |
| 377. |
A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)? |
| A. | 200 |
| B. | 500 |
| C. | 1000 |
| D. | 250 |
| Answer» C. 1000 | |
| 378. |
A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ? |
| A. | 0.145 |
| B. | 0.11 |
| C. | 0.12 |
| D. | 0.105 |
| Answer» D. 0.105 | |
| 379. |
A person invested a total sum of Rs 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs) invested at 3%? |
| A. | 2900 |
| B. | 3500 |
| C. | 4000 |
| D. | 5600 |
| Answer» D. 5600 | |
| 380. |
A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum  ? |
| A. | Rs.8000 |
| B. | Rs.6500 |
| C. | Rs.7500 |
| D. | Rs.5000 |
| Answer» D. Rs.5000 | |
| 381. |
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 614 p.a for 2 years. Find his gain in the transaction per year |
| A. | Rs. 112.50 |
| B. | Rs.150.25 |
| C. | Rs.167.50 |
| D. | Rs.170 |
| Answer» B. Rs.150.25 | |
| 382. |
A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate ( inpercentage) of interest? |
| A. | 10 |
| B. | 20 |
| C. | 25 |
| D. | 30 |
| Answer» C. 25 | |
| 383. |
A person divided a sum of Rs. 17,200 into three parts and invested at 5%. 6% and 9% per annum simple interest. At the end of two years, he got the same interest on each part of money. What is the money invested at 9%?_x005F_x000D_ |
| A. | Rs. 3,200 |
| B. | Rs. 4,000 |
| C. | Rs. 4,800 |
| D. | Rs. 5000 |
| Answer» C. Rs. 4,800 | |
| 384. |
A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum ? |
| A. | 0.05 |
| B. | 0.07 |
| C. | 0.09 |
| D. | 0.1 |
| Answer» B. 0.07 | |
| 385. |
A person borrows some money for 4 years at the rate of simple interest. If the ratio of principal and total interest is 5 : 1, then what is the rate ( in percentage) of interest? |
| A. | 5 |
| B. | 25 |
| C. | 10 |
| D. | 20 |
| Answer» B. 25 | |
| 386. |
A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount? |
| A. | 247.67 |
| B. | 237.67 |
| C. | 227.67 |
| D. | 215.67 |
| Answer» B. 237.67 | |
| 387. |
A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.? |
| A. | 1740 Rs. |
| B. | 1760 Rs. |
| C. | 1720 Rs. |
| D. | 1780 Rs. |
| Answer» B. 1760 Rs. | |
| 388. |
A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is |
| A. | Rs 500 |
| B. | Rs 520 |
| C. | Rs 540 |
| D. | Rs 560 |
| Answer» B. Rs 520 | |
| 389. |
A man purchased a cycle for Rs.3000/- and agreed to pay 12% on the amount as interest. He repaid principal and interest in 12 equal monthly installments. Find the amount of each installment. |
| A. | Rs. 260 |
| B. | Rs. 240 |
| C. | Rs. 280 |
| D. | Rs. 300 |
| Answer» D. Rs. 300 | |
| 390. |
A man borrowed some money from a private organisation at 5% simple interest per annum. He lended this money to another person at 10% compound interest per annum, and made a profit of 26,410 in 4 years. The man borrowed |
| A. | 200000 |
| B. | 150000 |
| C. | 132050 |
| D. | 100000 |
| Answer» E. | |
| 391. |
A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ? |
| A. | Rs.16000 |
| B. | Rs.12000 |
| C. | Rs.15000 |
| D. | Rs.13000 |
| Answer» D. Rs.13000 | |
| 392. |
A loan shark made a loan of $100 to be repaid with $120 at the end of one month. What was the annual interest rate? |
| A. | 2.1 |
| B. | 2.2 |
| C. | 2.3 |
| D. | 2.4 |
| Answer» E. | |
| 393. |
A 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 is due in seven months |
| A. | 15612.5 |
| B. | 14612.5 |
| C. | 13612.5 |
| D. | 17612.5 |
| Answer» B. 14612.5 | |
| 394. |
A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was : |
| A. | Rs. 15,000 |
| B. | Rs. 1,50,000 |
| C. | Rs. 1500 |
| D. | Rs. 1,62,000 |
| Answer» B. Rs. 1,50,000 | |
| 395. |
A invested an amount of x rupees in a bank for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x? |
| A. | 23000 |
| B. | 22500 |
| C. | 22000 |
| D. | 21500 |
| Answer» D. 21500 | |
| 396. |
A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will? |
| A. | 17.5 lakhs |
| B. | 21 lakhs |
| C. | 15 lakhs |
| D. | 20 lakhs |
| Answer» C. 15 lakhs | |
| 397. |
A certain sum of money becomes double of itself in 5 years at a rate of simple interest. In how many years will it become 16 times of itself at the same rate of simple interest?_x005F_x000D_ |
| A. | 20_x005F_x000D_ |
| B. | 60_x005F_x000D_ |
| C. | 75_x005F_x000D_ |
| D. | No option is correct |
| Answer» D. No option is correct | |
| 398. |
A certain sum of money becomes 4 times of itself in 30 years at a rate of simple interest. In how many years it will become double of itself at the same rate of simple interest? |
| A. | 20 |
| B. | 15 |
| C. | 10 |
| D. | 12 |
| Answer» D. 12 | |
| 399. |
A certain sum of money becomes double of itself in 15 years at a rate of simple interest. In how many years will it become 5 times of itself at the same rate of simple interest |
| A. | 45 |
| B. | 37.5 |
| C. | 75 |
| D. | 60 |
| Answer» E. | |
| 400. |
A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ? |
| A. | Rs. 1800 |
| B. | Rs. 2000 |
| C. | Rs. 1400 |
| D. | Rs. 1250 |
| Answer» E. | |