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
41. 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?
- Rs. 6400
- Rs. 6500
- Rs. 7200
- Rs. 7500
42. 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?
- Rs. 4462.50
- Rs. 8032.50
- Rs. 8900
- Rs. 8925
43. 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?
- 3.5 years
- 4 years
- 4.5 years
- 5 years
44. 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?
- 3.6
- 6
- 18
- Cannot be determined
45. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
- 3%
- 4%
- 5%
- 6%
46. 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:
- Rs. 105
- Rs. 110
- Rs. 115
- Rs. 115.50
47. 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:
- 10%
- 10.25%
- 10.5%
- None of these
48. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
- 3.6%
- 4.5%
- 5%
- 6%
49. 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:
- Rs. 2000
- Rs. 10,000
- Rs. 15,000
- Rs. 20,000
50. 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:
- 5%
- 8%
- 12%
- 15%