Interest - Aptitude MCQ Questions - 09

Question 1

Simple interest on Rs. 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs. 400 at 5% per annum for a certain period of time. The period of time is = ?

	A. 4 years
	B. 5 years
	C. 6*1/4 years
	D. 8*2/3 years

Question 2

Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ?

	A. Rs. 35400
	B. Rs. 36000
	C. Rs. 36800
	D. Cannot be determined
	E. None of these

Question 3

A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate becomes three times in 12 years. The lower rate of interest per annum is = ?

	A. 15%
	B. 20%
	C. 15*3/4 %
	D. 16*2/3 %

Question 4

What equal installment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4% per annum simple interest ?

	A. Rs. 212
	B. Rs. 200
	C. Rs. 250
	D. Rs. 225

Question 5

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes

	A. 10%
	B. 10.25%
	C. 10.5%
	D. None of these

Question 6

Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is = ?

	A. Rs. 12500
	B. Rs. 137745.02
	C. Rs. 15200
	D. Rs. 108200

Question 7

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is

	A. Rs. 650
	B. Rs. 690
	C. Rs. 698
	D. Rs. 700

Question 8

With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is = ?

	A. 4%
	B. 6%
	C. 5%
	D. 7%

Question 9

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow?

	A. Rs. 8000
	B. Rs. 9000
	C. Rs. 10000
	D. Rs. 12000

Question 10

If Rs. 12000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 4*1/2 years at 16% per annum, the greater part is = ?

	A. Rs. 8000
	B. Rs. 6000
	C. Rs. 7000
	D. Rs. 7500

Interest – Aptitude MCQ Questions – 09

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