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Home Aptitude Simple Interest Comments

  • Question
  • 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
  • E. None of these

  • Correct Answer


  • Explanation
    Let rate = R% and time = R years.

    Then, 1200 x R x R = 432
    100

    ⟹ 12R2 = 432

    ⟹ R2 = 36

    ⟹ R = 6.


  • Simple Interest problems


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    • 1. 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?

    • Options
    • A. 3%
    • B. 4%
    • C. 5%
    • D. 6%
    • E. None of these
    • Discuss
    • 2. Two ships are sailing in the sea on the two sides of a lighthouse. The angle of elevation of the top of the lighthouse is observed from the ships are 30° and 45° respectively. If the lighthouse is 100 m high, the distance between the two ships is:

    • Options
    • A. 173 m
    • B. 200 m
    • C. 273 m
    • D. 300 m
    • Discuss
    • 3. The angle of elevation of the sun, when the length of the shadow of a tree √3 times the height of the tree, is:

    • Options
    • A. 30°
    • B. 45°
    • C. 60°
    • D. 90°
    • Discuss
    • 4. From a point P on a level ground, the angle of elevation of the top tower is 30°. If the tower is 100 m high, the distance of point P from the foot of the tower is:

    • Options
    • A. 149 m
    • B. 156 m
    • C. 173 m
    • D. 200 m
    • Discuss
    • 5. An observer 1.6 m tall is 20√3 away from a tower. The angle of elevation from his eye to the top of the tower is 30°. The heights of the tower is:

    • Options
    • A. 21.6 m
    • B. 23.2 m
    • C. 24.72 m
    • D. None of these
    • Discuss
    • 6. 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?

    • Options
    • A. 3.5 years
    • B. 4 years
    • C. 4.5 years
    • D. 5 years
    • Discuss
    • 7. 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?

    • Options
    • A. Rs. 4462.50
    • B. Rs. 8032.50
    • C. Rs. 8900
    • D. Rs. 8925
    • E. None of these
    • Discuss
    • 8. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

    • Options
    • A. Rs. 650
    • B. Rs. 690
    • C. Rs. 698
    • D. Rs. 700
    • Discuss
    • 9. 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:

    • Options
    • A. 5%
    • B. 8%
    • C. 12%
    • D. 15%
    • Discuss
    • 10. 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?

    • Options
    • A. Rs. 6400
    • B. Rs. 6500
    • C. Rs. 7200
    • D. Rs. 7500
    • E. None of these
    • Discuss


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