Simple Interest – Aptitude Questions And Answers

Candidates can check out the latest Questions And Answers which are given in the form of Quiz of “Simple Interest” of Aptitude. We uploaded the Questions with a detailed explanation. So practice these Questions thoroughly.

Simple Interest – Aptitude Questions And Answers

1. Simple interest on a certain sum at a certain annual rate of interest is 1/9 of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is:
 
 
 
 

2. Simple interest on a certain amount is 9/16 of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the
principal is lent out, is :
 
 
 
 

3. How long will it take a sum of money invested at 5% p.a. S.I. to increase its value by 40%?
 
 
 
 

4. At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?
 
 
 
 

5. The rate at which a sum becomes four times of itself in 15 years at S.I., will be :
 
 
 
 

6. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
 
 
 
 

7. Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid Rs.686 as interest at the end of the loan period, what was the rate of interest?
 
 
 
 

8. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :
 
 
 
 

9. A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?
 
 
 
 

10. 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?
 
 
 
 

11. At what rate percent per annum will a sum of money double in 8 years.
 
 
 
 

12. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
 
 
 
 

13. A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½  years. Find the sum and the rate of interest.
 
 
 
 

14. What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?
 
 
 
 

15. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
 
 
 
 

16. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
 
 
 
 

17. 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?
 
 
 
 

18. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?
 
 
 
 

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

20. Reena 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?
 
 
 
 

21. Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?
 
 
 
 

22. What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?
 
 
 
 

23. At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years?
 
 
 
 

24. What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in 4 Years?
 
 
 
 

25. Find the simple interest on Rs.500 for 9 months at 6 paisa per month?
 
 
 
 


 

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