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Home Aptitude Simple Interest Comments

  • Question
  • Ankita borrows Rs. 7000 at simple Interest from a lender. Atthe end of 3 years, she again borrows Rs. 3000 and settledthat amount after paying Rs. 4615 as interest after 8 years from the time she made the first borrowing. What is the rate of interest?


  • Options
  • A. 5.5%
  • B. 9.5%
  • C. 7.5%
  • D. 6.5%

  • Correct Answer
  • 6.5% 


  • Simple Interest problems


    Search Results


    • 1. Both S.I. and C.I. is calculated with a similar rate of 10% per annum on a sum of rupees. If C.I. is calculated yearly for two years, then for what period must S.I. be evaluated such that S.I. = C.I.?

    • Options
    • A. 4.2 years
    • B. 2.1 years
    • C. 1.1 years
    • D. 1.4 years
    • Discuss
    • 2. A sum of Rs 1200 amounts to Rs 1740 in 3 years at simple interest. If rate of interest is increased by 3%, then what will be the new amount (in Rs)?

    • Options
    • A. 1848
    • B. 1946
    • C. 1812
    • D. 1924
    • Discuss
    • 3. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

    • Options
    • A. 7401.22
    • B. 3456
    • C. 4567
    • D. 7890
    • Discuss
    • 4. Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

    • Options
    • A. 11.25
    • B. 13.25
    • C. 14.25
    • D. 15.25
    • Discuss
    • 5. Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?

    • Options
    • A. 556
    • B. 665
    • C. 756
    • D. 856
    • Discuss
    • 6. A man borrowed some money from a private organisation at 5% simple interest per annum. He lended this money to another person at 10% compound interest per annum, and made a profit of 26,410 in 4 years. The man borrowed

    • Options
    • A. 200000
    • B. 150000
    • C. 132050
    • D. 100000
    • Discuss
    • 7. Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?

    • Options
    • A. 8500
    • B. 9500
    • C. 8000
    • D. 6800
    • Discuss
    • 8. Ravi invested Rs.P in a scheme A offering simple interest at 10% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme (B) offering simple interest at 12% p.a. for five years. If the difference between the interests earned from schemes A and B was Rs. 13,00/, what is the value of P ?

    • Options
    • A. 2500
    • B. 2000
    • C. 3000
    • D. 3500
    • Discuss
    • 9. The difference between the interests earned when Rs. P is invested for four years in a scheme offering 9% p.a. Simple interest and when the same sum (Rs P) is invested for two years in another scheme offering 12% p.a. simple interest, is Rs 480. What is the value of P?

    • Options
    • A. 2000
    • B. 3500
    • C. 2500
    • D. 4000
    • Discuss
    • 10. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 16000 for 2 years at 10% per annum. The sum placed on simple interest is:

    • Options
    • A. Rs 14000
    • B. Rs 3500
    • C. Rs 7000
    • D. Rs 5600
    • Discuss


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