Interest - Aptitude MCQ Questions - 06

Question 1

A money lender finds that due to fall in the annual rate of interest from 8% to 7*3/4%,his yearly income diminishes by Rs. 61.50. His capital is = ?

	A. Rs. 22400
	B. Rs. 23800
	C. Rs. 24600
	D. Rs. 26000

Question 2

A sum of Rs. 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs. 300. The ratio of money lent at 5% to that at 8% is = ?

	A. 5 : 8
	B. 8 : 5
	C. 31 : 6
	D. 16 : 15

Question 3

The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is = ?

	A. 5%
	B. 6*2/3 %
	C. 6%
	D. 7*1/5 %

Question 4

Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was Rs. 20000, what was the total amount received on maturity from both the schemes?

	A. Rs. 50800
	B. Rs. 51200
	C. Rs. 52800
	D. Rs. 58200

Question 5

At what rate percent per annum will the simple interest on a sum of money be $2/5$ of the principal amount in 10 years ?

	A. 4%
	B. 6%
	C. 5*2/3 %
	D. 6*2/3 %

Question 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?

	A. 3.5 years
	B. 4 years
	C. 4.5 years
	D. 5 years

Question 7

What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest?

	A. Rs. 400
	B. Rs. 120
	C. Rs. 510
	D. Rs. 220

Question 8

A person borrows Rs. 5000 for 2 year at 4% p.a. simple interest. He immediately lends it to another person at 6*1/4 % p.a. for 2 years. Find his gain in the transaction per year.

	A. Rs. 112.50
	B. Rs. 125
	C. Rs. 150
	D. Rs. 167.50

Question 9

A sum of Rs. 1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. The interest on each part ( in Rupees) is ?

	A. Rs. 60
	B. Rs. 65
	C. Rs. 70
	D. Rs. 40

Question 10

What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6*1/4% p.a. ?

	A. Rs. 787.50
	B. Rs. 812.50
	C. Rs. 860
	D. Rs. 887.50

Interest – Aptitude MCQ Questions – 06

Leave a Reply Cancel reply