Discussion
Home ‣ Aptitude ‣ Simple Interest Comments
- Question
A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum ?
Options- A. 5%
- B. 7%
- C. 9%
- D. 10%
- Correct Answer
- 5%
- 1. Deepinder lent Rs 8200 to Jairaj for 16 years and Rs 4900 to Karna for 15 years on simple interest at the same rate of interest and received Rs 19446.5 in all from both of them as interest. The rate of interest per annum is:
Options- A. 10 percent
- B. 10.5 percent
- C. 9.5 percent
- D. 11 percent Discuss
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. 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?
Options- A. 3.6
- B. 6
- C. 18
- D. cannot be determined Discuss
- 7. Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?
Options- A. 434
- B. 345
- C. 235.20
- D. 233.20 Discuss
- 8. When $720 is invested for 36 months it earns $205.20 simple interest. Find the yearly interest rate.
Options- A. 7.5%
- B. 8.5%
- C. 9.5%
- D. 10.5% Discuss
- 9. A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan is due in seven months
Options- A. 15612.50
- B. 14612.50
- C. 13612.50
- D. 17612.50 Discuss
- 10. A loan shark made a loan of $100 to be repaid with $120 at the end of one month. What was the annual interest rate?
Options- A. 210%
- B. 220%
- C. 230%
- D. 240% Discuss
Simple Interest problems
Search Results
Correct Answer: 9.5 percent
Correct Answer: 4
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: 600
Correct Answer: Rs. 5000
Correct Answer: 6
Explanation:
Let rate = R% and time = R years.
Then,
=> R = 6.
Correct Answer: 235.20
Explanation:
I = (p x r x t)/100
I = $25.20
A = P+I
A = 235.20
Correct Answer: 9.5%
Explanation:
r = (100 x I)/(P x T)
Correct Answer: 15612.50
Explanation:
We have P = 15 000, r = 0.07 and since the actual date the loan was taken out
is not given, we use t =7/12
I = Prt=$15 000* 0.07* 7/12 = $612.50
Amount repaid = Future or accumulated value,
S = P + I = $15 000 + $612.50 = $15 612.50
Correct Answer: 240%
Explanation:
r=I/PT
Comments
There are no comments.More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.