Simple Interest Questions and Answers
Quantitative Aptitude - Simple Interest Questions with Answers improve understanding of interest calculations. Simple Interest Aptitude is essential for SBI Clerk, IBPS, and SSC exams, helping enhance speed and accuracy.
Simple Interest
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53 questions
1. At the rate of 6% p.a. simple interest, a sum of Rs. 2500 will earn how much interest by the end of 5 years ?
- Rs. 150
- Rs. 700
- Rs. 750
- Rs. 3250
2. A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount will he pay to clear the debt after 4 years ?
- Rs. 200
- Rs. 550
- Rs. 600
- Rs. 700
3. If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a. then the gain of B (in Rs.) in a period of 3 years is :
- 107.50
- 115.50
- 157.50
- 177.50
4. Avinash borrowed Rs. 5000 from Sanjay at simple interest. After 3 years, Sanjay got Rs. 300 more than what he had given to Avinash. What was the rate of interest per annum?
- 2%
- 5%
- 8%
- 10%
5. Ashok took a loan of Rs. 15000 for 3 years at simple interest. If the total interest paid is R. 2700, what is the rate of interest per annum ?
- 5.4%
- 6%
- 9%
- 18%
6. Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the total interest paid was Rs. 1230, the principal was :
- Rs. 4100
- Rs. 4920
- Rs. 5000
- Rs. 5300
7. Satish took a loan at 10%p.a. S.I. After 4 years, he returned the principal along with the interest. If he returns in all Rs. 3500, what is the principal amount ?
- Rs. 3250
- Rs. 2500
- Rs. 3150
- Rs. 2100
8. Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
- Rs. 992
- Rs. 1056
- Rs. 1112
- Rs. 1182
9. If Rs. 64 amount to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate percent per annum ?
- Rs. 127.40
- Rs. 124.70
- Rs. 114.80
- Rs. 137.60
10. The simple interest on a sum of money at 5% is Rs. 48 for 4 years. The simple interest on the same sum for 5 years at 4% will be :
- Rs. 40
- Rs. 48
- Rs. 50
- Rs. 60