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
21. A sum was put at simple interest at a certain rate for 2 years. had it been put at 3 % higher rate. It would have fetched Rs. 72 more. The sum is :
- Rs. 1200
- Rs. 1500
- Rs. 1600
- Rs. 1800
22. In how many years will a sum of money double itself at 12% per annum ?
- 6 years 9 months
- 7 years 6 months
- 8 years 3 months
- 8 years 4 months
23. If a sum of money doubles itself in 8 years at simple interest, the rate percent per annum is :
- 11.5
- 12
- 12.5
- 13
24. If a sum of money at simple interest doubles in 6 years, it will become 4 times in :
- 12 years
- 14 years
- 16 years
- 18 years
25. At a certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in :
- 12 years
- 15 years
- 20 years
- 30 years
26. The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is
- Rs. 4800
- Rs.6000
- Rs. 8000
- Data inadequate
27. A sum of money trebles itself in 15 years 6 months. In how many years would it doube itself ?
- 6 years 3 months
- 7 years 9 months
- 8 years 3 months
- 9 years 6 months
28. What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8% per annum?
- Rs. 65.60
- Rs. 100
- Rs. 166.40
- Rs. 120
29. The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth year ?
- Rs. 600
- Rs. 900
- Rs. 1200
- Datainadequate
30. The rate of interest on a sum of money is 4% p.a. for the first 2 years 6% p.a. for the next 3 years and 8% p.a. for the period beyond 5 years. If the simple interest accured by the sum for a total period of 8 years is Rs. 1280, what is the sum ?
- Rs. 1523
- Rs. 1680
- Rs. 2560
- Rs. 2840