Interest - Aptitude MCQ Questions - 12

Question 1

A lends Rs. 2500 to B and a certain sum to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is :

	A. Rs. 700
	B. Rs. 1500
	C. Rs. 4000
	D. Rs. 6500

Question 2

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?

	A. Rs. 12000
	B. Rs. 6000
	C. Rs. 8000
	D. Rs. 10000

Question 3

A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased by 3% p.a. What will be the sum amount to in the same period ?

	A. Rs. 992
	B. Rs. 962
	C. Rs. 942
	D. Rs. 982

Question 4

A person deposits Rs. 500 in 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was = ?

	A. 4%
	B. 5%
	C. 2%
	D. 3%

Question 5

A person invests Rs. 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs he has to withdraw the entire money after three years, for which the bank allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is = ?

	A. 7*5/9 %
	B. 7*4/9 %
	C. 7*8/9 %
	D. 8*7/9 %

Question 6

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after

	A. 10 years
	B. 20 years
	C. 22 years
	D. 30 years

Question 7

In simple interest rate per annum a certain sum amounts to Rs. 5182 in 2 years and Rs. 5832 in 3 years. The principal in rupees is = ?

	A. Rs. 2882
	B. Rs. 5000
	C. Rs. 3882
	D. Rs. 4000

Question 8

Simple interest on a certain sum at a certain annual rate of interest is 1/9 of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is -

	A. 3*1/3 %
	B. 5%
	C. 6*2/3 %
	D. 10%

Question 9

A sum of Rs. 3000 yields an interest of Rs. 1080 at 12% per annum simple interest in how many years ?

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

Question 10

A certain scheme of investment in simple interest declares that it triples the investment in 8 years. If you want to quadruple the money through that scheme for how many years you have to invest for = ?

	A. 11 years 6 months
	B. 10 years 8 months
	C. 10 years
	D. 12 years

Interest – Aptitude MCQ Questions – 12

Leave a Reply Cancel reply