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Home Aptitude Simple Interest Comments

  • Question
  • The sum required to earn a monthly interest of Rs 400 at 10 % per annum at simple interest is


  • Options
  • A. Rs 2000
  • B. Rs 12000
  • C. Rs 24000
  • D. Rs 48000

  • Correct Answer
  • Rs 48000 

    Explanation

    Total interest needed in a year = Rs 400 × 12
    = Rs 4800
    Principal = (100 × SI)/R × T
    where, R = Rate
    T = Time
    SI= Simple Interest


  • Simple Interest problems


    Search Results


    • 1. 
      In every 30 minutes the time of a watch increases by 3 minutes. After setting the correct time at 5 am what time will the watch show after 6 hours?

    • Options
    • A. 10 : 54 am
    • B. 11 : 30 am
    • C. 11 : 36 am
    • D. 11 : 42 am
    • Discuss
    • 2. 
      If the day after tomorrow is Sunday, what day was tomorrow's day before yesterday?

    • Options
    • A. Friday
    • B. Thursday
    • C. Monday
    • D. Tuesday
    • Discuss
    • 3. 
      The first Republic Day of India was celebrated on January 26, 1950. What was the day of the week on that date?

    • Options
    • A. Monday
    • B. Wednesday
    • C. Saturday
    • D. Thursday
    • Discuss
    • 4. 
      March 5, 1999 was on Friday. What day of the week was on March 5, 2000?

    • Options
    • A. Monday
    • B. Sunday
    • C. Friday
    • D. Tuesday
    • Discuss
    • 5. 
      If a clock takes 22 seconds to strike 12, how much time will it take to strike 6?

    • Options
    • A. 10 seconds
    • B. 12 seconds
    • C. 14 seconds
    • D. None of these
    • Discuss
    • 6. 
      In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?

    • Options
    • A. 2 yrs
    • B. 3 yrs
    • C. 4 yrs
    • D. 6 yrs
    • Discuss
    • 7. 
      At what rate percent per annum will a sum of money double in 8 yr?

    • Options
    • A. 12 %
    • B. 12.5 %
    • C. 13 %
    • D. 15 %
    • Discuss
    • 8. 
      The amount instalment will discharge on debit of Rs 3220 due in 4 year at 10 % simple interest?

    • Options
    • A. 500
    • B. 600
    • C. 700
    • D. None of these
    • Discuss
    • 9. 
      A certain sum amounts to Rs 1586 in 2 year and Rs 1729 in 3 year. Find the rate and the sum.

    • Options
    • A. 8 %
    • B. 9 %
    • C. 10 %
    • D. 11 %
    • Discuss
    • 10. 
      Find the sum of money will amount to Rs 900 in 4 years at 5 % per annum on simple interest?

    • Options
    • A. Rs 750
    • B. Rs 650
    • C. Rs 500
    • D. Rs 550
    • Discuss


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