Discussion
Home ‣ Aptitude ‣ Simple Interest Comments
- Question
A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :
Options- A. Rs. 15,000
- B. Rs. 1,50,000
- C. Rs. 1500
- D. Rs. 1,62,000
- Correct Answer
- Rs. 15,000
ExplanationPrincipal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.
- 1. A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum ?
Options- A. Rs.8000
- B. Rs.6500
- C. Rs.7500
- D. Rs.5000 Discuss
- 2. Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?
Options- A. 4 : 5
- B. 5 : 4
- C. 7 : 6
- D. 6 : 7 Discuss
- 3. Praveena 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 ?
Options- A. 6
- B. 7
- C. 9
- D. 11 Discuss
- 4. On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be
Options- A. Rs. 2550
- B. Rs. 2424
- C. Rs. 2224
- D. Rs. 2380 Discuss
- 5. You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?
Options- A. 5years
- B. 6years
- C. 7years
- D. 8years Discuss
- 6. At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?
Options- A. 4.58 %
- B. 5.96 %
- C. 6.52 %
- D. 4.98 % Discuss
- 7. A sum of money was invested at the rate of 7.5% S.I. per annum for 4 years. If the investment was for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?
Options- A. Rs. 4750
- B. Rs. 5000
- C. Rs. 4500
- D. Rs. 3750 Discuss
- 8. Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?
Options- A. 150
- B. 650
- C. 600
- D. 100 Discuss
- 9. The amount of simple interest accrued on an amount of Rs 28,500 in seven years is Rs 23,940 What is the rate of interest p.c.p.a ?
Options- A. 10.5
- B. 12.5
- C. 11
- D. 12 Discuss
- 10. A certain sum of money amounts to Rs 918 in 2 years and Rs 969 in 3.5 years at simple interest. What is the rate of interest (in %)?
Options- A. 4
- B. 5
- C. 6
- D. 8 Discuss
Simple Interest problems
Search Results
Correct Answer: Rs.7500
Explanation:
Where d is difference, r is rate of interest.
=> (48 x 100 x 100) / 8 x 8 = Rs.7500
Correct Answer: 4 : 5
Explanation:
Let x be the investment of Lasya in 5% and y be in 4%
x(5)(n)/100 = y(4)(n)/100
=> x/y = 4/5
x : y = 4 : 5
Correct Answer: 6
Explanation:
Let rate = R% and time = R years.
Then, (1200 x R x R) / 100 = 432
=> R = 6.
Correct Answer: Rs. 2424
Explanation:
Now, the principal amount P = Rs. 1,45,440
Rate of interest R = 20%/annum
Now monthly income I = PTR/100 = 1,45,440 x 20 x 1/100 x 12
= 2908800/1200
= Rs. 2424.
Hence, her monthly income = Rs. 2424.
Correct Answer: 5years
Explanation:
I=prt
Correct Answer: 5.96 %
Explanation:
Difference in amount = 514 - 415 = 99
99 = (415 x 4 x R)/100
R = 5.96%
Correct Answer: Rs. 5000
Correct Answer: 600
Correct Answer: 12
Explanation:
Simple Interest = S.I= pnr/100 Given, S.I = 23940 , p = 28500 , n = 7 thus, r = 100x23940/28500x7 = 12
Correct Answer: 4
Comments
There are no comments.More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.