MKU QUANTITATIVE APTITUDE : Unit -IV SMTJN61 MCQ - Practice Test

Problems on Simple Interest

Quiz

 

1. A sum at simple interests at $13\dfrac{1}{2}\%$ per annum amounts to Rs.2502.50 after 4 years find the sum.
   1.   Rs 1526
   2.   Rs 1256
   3.   Rs 1625
   4.   Rs 1356
2. Find the simple interest on Rs. 3000 at $6 \dfrac{1}{4}\%$ per annum for the period from 4th Feb., 2005 to 18th April, 2005.
   1.   Rs 30.75
   2.   Rs 35.07
   3.   Rs 35.70
   4.   Rs 37.50
3. A sum was put at simple interest at a certain rate for 3 years. Had it been put at $2\%$ higher rate, it would have fetched Rs. 360 more. Find the sum.
   1.   Rs 5000
   2.   Rs 6000
   3.   Rs 5600
   4.   Rs 6500
4. Find the simple interest on Rs. 68,000 at $16 \dfrac{2}{3}\%$ per annum for 9 months.
   
   1.   Rs. 8400
   2.   Rs. 8300
   3.   Rs. 8500
   4.   Rs. 5800
5. Adam borrowed some money at the rate of $6\%$ p.a. for the first two years, at the rate of $9\%$ p.a. for the next three years , and at the rate of $14\%$ p.a. for the period beyond five years. If he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow ?
   1.   Rs 12000
   2.   Rs 10200
   3.   Rs 10020
   4.   Rs 10000
6. A sum of Rs. 1550 is lent out into two parts, one at $8\%$ and another one at $6\%$. If the total annual income is Rs. 106, find the money lent at each rate.
   1.   Rs 1100
   2.   Rs 800
   3.   Rs 1000
   4.   Rs 900
7. At what rate percent per annum will a sum of money double in 16 years.
   
   1.   $1 \dfrac{6}{4} \%$ p.a.
   2.   $4 \dfrac{6}{4} \%$ p.a.
   3.   $4 \dfrac{1}{4} \%$ p.a.
   4.   $6 \dfrac{1}{4} \%$ p.a.
8. What annual instalment will discharge a debt of Rs. 1092 due in 3 years at $12\% $ simple interest?
   1.   Rs 325
   2.   Rs 532
   3.   Rs 235
   4.   Rs 523
9. The simple interest on a certain sum of money for $2 \dfrac{1}{2}$ years at $12\%$ per annum is Rs. 40 less than the simple interest on the same sum for $3 \dfrac{1}{2}$ years at $10\%$ per annum. Find the sum.
   1.   Rs 900
   2.   Rs 600
   3.   Rs 700
   4.   Rs 800
10. A certain sum of money amounts to Rs. 1008 in 2 years and to Rs.1164 in $3 \dfrac{1}{2}$ years. Find the sum and rate of interests.
    1.   12%
    2.   10%
    3.   13%
    4.   11%
11. A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest rate is increased by $8\%$, it would amount to bow much ?
    1.   Rs 992
    2.   Rs 900
    3.   Rs 993
    4.   Rs 929
12. The simple interest on a sum of money is $\dfrac{4}{9}$ of the principal. Find the rate percent and time, if both are numerically equal.
    1.   6 Years 8 Months
    2.   8 Years 8 Months
    3.   8 Years 6 Months
    4.   6 Years 6 Months