360 + Mcqs in Simple interest Page 1 McqOptions

1.	A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
A.	Rs. 105
B.	Rs. 110
C.	Rs. 115
D.	Rs. 115.50
Answer» D. Rs. 115.50

Discussion

2.	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 the amount invested in Scheme B?
A.	Rs. 6400
B.	Rs. 6500
C.	Rs. 7200
D.	Rs. 7500
E.	None of these
Answer» B. Rs. 6500

Discussion

3.	A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A.	Rs. 112.50
B.	Rs. 125
C.	Rs. 225
D.	Rs. 167.50
Answer» B. Rs. 125

Discussion

4.	A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
A.	Rs. 105
B.	Rs. 110
C.	Rs. 115
D.	Rs. 115.50
Answer» D. Rs. 115.50

Discussion

5.	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 the amount invested in Scheme B?
A.	Rs. 6400
B.	Rs. 6500
C.	Rs. 7200
D.	Rs. 7500
E.	None of these
Answer» B. Rs. 6500

Discussion

6.	A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A.	Rs. 112.50
B.	Rs. 125
C.	Rs. 225
D.	Rs. 167.50
Answer» B. Rs. 125

Discussion

7.	A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of interest for 21 years. If B paid Rs. 40 more interest than A, find the 2 rate of interest.
A.	5%
B.	7%
C.	8%
D.	6%
Answer» D. 6%

Discussion

8.	In certain years a sum of money is doubled to itself at 61% simple interest per annum, 4then the required time will be
A.	16 years
B.	8 years
Answer» B. 8 years

Discussion

9.	What should be the least number of years in which the simple interest on Rs. 2600 at 62% will be an exact number of rupees ?3
A.	3
B.	2
C.	5
D.	4
Answer» B. 2

Discussion

10.	At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest
A.	2.5%
B.	3%
C.	4%
D.	5%
Answer» D. 5%

Discussion

11.	What will be the simple interest on 4000 at 121/2% per annum for the period from 4th February, 2005 to 18th April, 2005 ?
A.	215
B.	120
C.	200
D.	100
E.	None of the above
Answer» E. None of the above

Discussion

12.	A sum at simple interest of 131/2% per annum amounts to 3080 in 4 yr Find the sum.
A.	1550
B.	1680
C.	2000
D.	1850
E.	None of the above
Answer» D. 1850

Discussion

13.	The simple interest at R% for R years will be Rs. R on a sum of ?
A.	Rs. R
B.	Rs. 100R
C.	Rs. .(100/R)
D.	Rs. (100/R
E.	)
Answer» D. Rs. (100/R

Discussion

14.	A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 61% per annum simple interest for 2 years. 4His gain in the transaction is
A.	112.50
B.	450
C.	225
D.	150
Answer» D. 150

Discussion

15.	Out of 50,000, that a man has, he lends 8000 at 51% per annum simple interest2 and Rs. 24,000 at 6 % per annum simple interest. He lends the remaining money at a certain rate of interest so that he gets total annual interest of 3680. The rate of interest per annum, at which the remaining money is lent, is
A.	5%
B.	7%
C.	10%
D.	12%
Answer» D. 12%

Discussion

16.	The simple interest at x% for x years will be Rs x on a sum of ....
A.	Rs x
B.	Rs 100x
C.	Rs (100/x)
D.	Rs (100/ x
E.	)
Answer» D. Rs (100/ x

Discussion

17.	The simple interest on a sum of money is 1/9 of the principle and the number of years is equal to the rate percent annum. The rate percent annum is ?
A.	3
B.	1/3
C.	3
D.	/
E.	3/10
Answer» D. /

Discussion

18.	A moneylender finds that due to a fall in the rate of interest from 13% to 121/2% his yearly income diminishes by Rs. 104. His capital is ?
A.	Rs. 21400
B.	Rs. 20800
C.	Rs. 22300
D.	Rs. 24000
Answer» C. Rs. 22300

Discussion

19.	If the interest on Rs. 1200 be more than the interest on Rs. 1000 by Rs. 50 in 3 years, the rate per cent is ?
A.	10
B.	6
C.	8
D.	9
Answer» D. 9

Discussion

20.	Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest.`
A.	5%
B.	6%
C.	8%
D.	2%
Answer» B. 6%

Discussion

21.	At the rate of 81/2% per annum simple interest, a sum of 5800 will earn how much interest in 2 yr 3 months ?
A.	1300
B.	1109
C.	1509
D.	1725
E.	None of the above
Answer» C. 1509

Discussion

22.	A man borrowed 12000 for 4 yr at 73/4 per annum and a year later he again borrowed another 12000 for 3 yr at the same rate. How much should he pay at the end to settle the loans ?
A.	30510
B.	28610
C.	31450
D.	29590
Answer» B. 28610

Discussion

23.	Two equal amounts of money are deposited in two banks, each at 15% per annum for 31/2 years and 5 years. If the difference between their interests is Rs. 144, each sum is ?
A.	Rs. 460
B.	Rs. 500
C.	Rs. 640
D.	Rs. 720
Answer» D. Rs. 720

Discussion

24.	A certain sum of money at simple interest amounts to Rs. 1012 in 21/2 years and to Rs. 1067.20 in 4 years. The rate of interest per annum is ?
A.	2.5%
B.	3%
C.	4%
D.	5%
Answer» D. 5%

Discussion

25.	A sum of Rs. 2540 is lent out into two parts. One at 12% and another one at 121/2 %. If the total annual income is Rs. 311.60, the money lent at 12% is ?
A.	Rs. 1180
B.	Rs. 1360
C.	Rs. 1240
D.	Rs. 1340
Answer» B. Rs. 1360

Discussion

26.	The rate of simple intereset per annum at which a sum of money doubles itself in 162% years is 3
A.	4%
B.	5%
C.	6%
Answer» D.

Discussion

27.	The rate of simple interest per annum of bank being decreased from 5% to 31% the annual income of a person from interest was less by Rs. 105. 2The sum deposited at the bank was
A.	Rs. 6,000
B.	Rs. 7,200
C.	Rs. 6,800
D.	Rs. 7,000
Answer» E.

Discussion

28.	The simple interest on a certain sum of money for 21/2 yr at 12% per annum is 20 less than the simple interest on the same sum for 31/2 yr at 10% per annum. Find the sum.
A.	800
B.	750
C.	625
D.	400
E.	None of the above
Answer» E. None of the above

Discussion

29.	If 5600 amounts to 6678 in 31Years. what will 9600 amount 2 to in 51Years. at the same rate of interest ? 4
A.	12732
B.	12372
C.	12722
D.	12237
Answer» C. 12722

Discussion

30.	When a bank reduce the rate of interest from 61/2% per annum to 51/2% per annum, depositor withdrew Rs. 600 and thereby his interest reduced by 73. Find the initial deposit. ?
A.	4000
B.	6000
C.	7000
D.	9000
Answer» B. 6000

Discussion

31.	If the rate of interest rises from 61/2 to 8% a man's annual income increases by Rs. 4050. Find the capital.
A.	Rs . 270000
B.	Rs . 370000
C.	Rs . 300000
D.	None of these
Answer» B. Rs . 370000

Discussion

32.	A sum of money at simple interest amounts to 1,012 in 212years and to 1,067.20 in 4 years. The rate of interest per annum is :
A.	2.5%
B.	3%
C.	4%
D.	5%
Answer» D. 5%

Discussion

33.	A certain sum of money amounts to 756 in 2 years and to 873 in 313years at a certain rate of simple interest. The rate of interest per annum is
A.	10%
B.	11%
C.	12%
D.	13%
Answer» E.

Discussion

34.	A money lender finds that due to fall in the annual rate of interest 8% to 73% his yearly income diminishes by 61.50. His capital is 4
A.	22400
B.	23800
C.	24600
D.	26000
Answer» D. 26000

Discussion

35.	In how many years will a sum of money double itself at 62% 3simple interest per annum ?
A.	24 years
B.	20 years
C.	16 years
D.	12 years
Answer» D. 12 years

Discussion

36.	In how many years will the simple interest on a sum of money be equal to the principal at the rate of 162 % per annum ? 3
A.	4 years
B.	5 years
C.	6 years
D.	8 years
Answer» D. 8 years

Discussion

37.	The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to rate per cent per annum. The rate per annum is
A.	3%
Answer» D.

Discussion

38.	If 12,000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 41 years at 16% per annum, the greater part is2
A.	8,000
B.	6,000
C.	7,000
D.	7,500
Answer» B. 6,000

Discussion

39.	Prakash lends a part of 20,000 at 8% simple interest and remaining at 4% 3 simple interest. His total income after a year was 800. Find the sum lent at 8%.
A.	8,000
B.	12,000
C.	6,000
D.	10,000
Answer» B. 12,000

Discussion

40.	If the annual rate of simple interest increases from 10% to 121%, a man s yearly2 income increases by 1250. His principal (in rupees) is
A.	50,000
B.	45,000
C.	60,000
D.	65,000
Answer» B. 45,000

Discussion

41.	A certain sum of money amounts to 6780 in 2 years and to 7360.50 in 31Years. Find the sum and the rate of interest.3
A.	6006 ; 6.4 Percent Per annum
B.	8006 ; 6.4 Percent Per annum
C.	5006 ; 5 Percent Per annum
D.	5506 ; 5 Percent Per annum
Answer» B. 8006 ; 6.4 Percent Per annum

Discussion

42.	The principle on which a simple interest of 55 will be obtained after 9 months at the rate of 32/3% per annum is
A.	1000
B.	1500
C.	2000
D.	2500
Answer» D. 2500

Discussion

43.	Divide 6800 into two parts so that S.I. on the first part for 31Years at 6% may be equal to 3 the interest on the second part for 31Years at 4% Percent Per annum 3
A.	2600 ; 4200
B.	2800 ; 4000
C.	2500 ; 4300
D.	2700 ; 4100
Answer» C. 2500 ; 4300

Discussion

44.	On a certain sum, the simple interest at the end of 61 years becomes 4 3of the sum. The rate of interest is8
A.	5%
B.	6%
C.	7%
D.	8%
Answer» C. 7%

Discussion

45.	The present worth of a bill due 7 months hence is 1200 and if the bill were due at the end of 21 years its present worth would be 1016. 2The rate percent is
A.	5%
B.	10%
C.	15%
D.	20%
Answer» C. 15%

Discussion

46.	If the simple interest on a certain sum of money for 15 months at 71%2per annum exceeds thesimple interest on the same sum for 8 months at121% per annum by 32.50, then the sum of money (in ) is : 2
A.	312
B.	312.50
C.	3120
D.	3120.50
Answer» D. 3120.50

Discussion

47.	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:
A.	5%
B.	8%
C.	12%
D.	15%
Answer» D. 15%

Discussion

48.	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?
A.	1 : 3
B.	1 : 4
C.	2 : 3
D.	Data inadequate
E.	None of these
Answer» D. Data inadequate

Discussion

49.	A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
A.	Rs. 35
B.	Rs. 245
C.	Rs. 350
D.	Cannot be determined
E.	None of these
Answer» E. None of these

Discussion

50.	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:
A.	10%
B.	10.25%
C.	10.5%
D.	None of these
Answer» C. 10.5%

Discussion

Explore topic-wise MCQs in Aptitude.

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:

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 the amount invested in Scheme B?

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:

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 the amount invested in Scheme B?

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.

A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of interest for 21 years. If B paid Rs. 40 more interest than A, find the 2 rate of interest.

In certain years a sum of money is doubled to itself at 61% simple interest per annum, 4then the required time will be

What should be the least number of years in which the simple interest on Rs. 2600 at 62% will be an exact number of rupees ?3

At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

What will be the simple interest on 4000 at 121/2% per annum for the period from 4th February, 2005 to 18th April, 2005 ?

A sum at simple interest of 131/2% per annum amounts to 3080 in 4 yr Find the sum.

The simple interest at R% for R years will be Rs. R on a sum of ?

A person borrows 5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 61% per annum simple interest for 2 years. 4His gain in the transaction is

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

The simple interest on a sum of money is 1/9 of the principle and the number of years is equal to the rate percent annum. The rate percent annum is ?

A moneylender finds that due to a fall in the rate of interest from 13% to 121/2% his yearly income diminishes by Rs. 104. His capital is ?

If the interest on Rs. 1200 be more than the interest on Rs. 1000 by Rs. 50 in 3 years, the rate per cent is ?

Simple interest for the sum of 1230 for 2 yr is 10 more than the simple interest for 1130 for the same duration. Find the rate of interest.`

At the rate of 81/2% per annum simple interest, a sum of 5800 will earn how much interest in 2 yr 3 months ?

A man borrowed 12000 for 4 yr at 73/4 per annum and a year later he again borrowed another 12000 for 3 yr at the same rate. How much should he pay at the end to settle the loans ?

Two equal amounts of money are deposited in two banks, each at 15% per annum for 31/2 years and 5 years. If the difference between their interests is Rs. 144, each sum is ?

A certain sum of money at simple interest amounts to Rs. 1012 in 21/2 years and to Rs. 1067.20 in 4 years. The rate of interest per annum is ?

A sum of Rs. 2540 is lent out into two parts. One at 12% and another one at 121/2 %. If the total annual income is Rs. 311.60, the money lent at 12% is ?

The rate of simple intereset per annum at which a sum of money doubles itself in 162% years is 3

The rate of simple interest per annum of bank being decreased from 5% to 31% the annual income of a person from interest was less by Rs. 105. 2The sum deposited at the bank was

The simple interest on a certain sum of money for 21/2 yr at 12% per annum is 20 less than the simple interest on the same sum for 31/2 yr at 10% per annum. Find the sum.

If 5600 amounts to 6678 in 31Years. what will 9600 amount 2 to in 51Years. at the same rate of interest ? 4

When a bank reduce the rate of interest from 61/2% per annum to 51/2% per annum, depositor withdrew Rs. 600 and thereby his interest reduced by 73. Find the initial deposit. ?

If the rate of interest rises from 61/2 to 8% a man's annual income increases by Rs. 4050. Find the capital.

A sum of money at simple interest amounts to 1,012 in 212years and to 1,067.20 in 4 years. The rate of interest per annum is :

A certain sum of money amounts to 756 in 2 years and to 873 in 313years at a certain rate of simple interest. The rate of interest per annum is

A money lender finds that due to fall in the annual rate of interest 8% to 73% his yearly income diminishes by 61.50. His capital is 4

In how many years will a sum of money double itself at 62% 3simple interest per annum ?

In how many years will the simple interest on a sum of money be equal to the principal at the rate of 162 % per annum ? 3

The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to rate per cent per annum. The rate per annum is

If 12,000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 41 years at 16% per annum, the greater part is2

Prakash lends a part of 20,000 at 8% simple interest and remaining at 4% 3 simple interest. His total income after a year was 800. Find the sum lent at 8%.

If the annual rate of simple interest increases from 10% to 121%, a man s yearly2 income increases by 1250. His principal (in rupees) is

A certain sum of money amounts to 6780 in 2 years and to 7360.50 in 31Years. Find the sum and the rate of interest.3

The principle on which a simple interest of 55 will be obtained after 9 months at the rate of 32/3% per annum is

Divide 6800 into two parts so that S.I. on the first part for 31Years at 6% may be equal to 3 the interest on the second part for 31Years at 4% Percent Per annum 3

On a certain sum, the simple interest at the end of 61 years becomes 4 3of the sum. The rate of interest is8

The present worth of a bill due 7 months hence is 1200 and if the bill were due at the end of 21 years its present worth would be 1016. 2The rate percent is

If the simple interest on a certain sum of money for 15 months at 71%2per annum exceeds thesimple interest on the same sum for 8 months at121% per annum by 32.50, then the sum of money (in ) is : 2

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:

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?

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

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: