Interest – Aptitude MCQ Questions – 02 Posted on July 9, 2020July 9, 2020 by admin Question 1Raju lent Rs. 400 to Ajay for 2 years and Rs. 100 to Manoj for 4 years and received together from both Rs. 60 as interest. Find the rate of interest, simple interest being calculated. A. 5% B. 6% C. 8% D. 9% Question 2What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994? A. Rs. 12.60 B. Rs. 11.30 C. Rs. 15 D. Rs. 13 E. None of these Question 3Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years. A. Rs. 1,40,000 B. Rs.1,44,000 C. Rs. 1,50,000 D. Rs. 1,60,000 E. None of these Question 4The difference between simple and compound interest on a sum of money at 20% per annum for 3 years is Rs. 48. What is the sum? A. Rs. 550 B. Rs. 500 C. Rs. 375 D. Rs. 400 Question 5A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs. 60 more had it been invested at 2% higher rate. What was the sum? A. Rs. 1500 B. Rs. 1300 C. Rs. 2500 D. Rs. 1000 Question 6What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%? A. 4% B. 5% C. 3% D. 6% E. 3.5% Question 7A sum becomes 4 times at simple interest in 10 years. What is the rate of interest? A. 10% B. 20% C. 30% D. 40% Question 8In what time will the simple interest on Rs. 1750 at 9% per annum be the same as that on Rs. 2500 at 10.5% per annum in 4 years? A. 6 years and 8 months B. 7 years and 3 months C. 6 years D. 7 years and 6 months Question 9Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% A. Rs. 1200 B. Rs.1300 C. Rs. 1400 D. Rs. 300 E. None of these Question 10In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly? A. 6 months B. 1 year C. 1*1/2years D. 3 months E. None of these