Interest – Aptitude MCQ Questions – 14 Posted on July 9, 2020July 9, 2020 by admin Question 1A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the rest after 15 months on which he is charges a simple interest at the rate of 12% per year. The total amount he pays for TV is = ? A. Rs. 18200 B. Rs. 17200 C. Rs. 17800 D. Rs. 16800 Question 2Mr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10% and 6% simple interests respectively. If his monthly income was Rs. 2000, then the difference of his deposits in the post office and in the bank was = ? A. Rs. 100000 B. Rs. 40000 C. Rs. 50000 D. Rs. Nil Question 3A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1% higher rate, it would have fetched Rs. 5100 more. The sum is A. Rs. 1, 20, 000 B. Rs. 1, 25, 000 C. Rs. 1, 50, 000 D. Rs. 1, 70, 000 Question 4If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is: A. Rs. 1800 B. Rs. 3600 C. Rs. 5400 D. Data inadequate E. None of these Question 5What 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. 200 B. Rs. 212 C. Rs. 225 D. Rs. 250 Question 6The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is = ? A. Rs. 1368 B. Rs. 1338 C. Rs. 1425 D. Rs. 1400 Question 7A boy aged 12 years is left with Rs. 100000 which is under a trust. The trustees invest the money at 6% per annum and pay the minor boy a sum of Rs. 2500, for his pocket money at the end of each year. The expenses of trust come out to be Rs. 500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years ? A. Rs. 125000 B. Rs. 118000 C. Rs. 150000 D. Rs. 120000 Question 8A computer is available for Rs. 39000 cash or Rs. 17000 as cash down payment followed by five monthly instalments of Rs. 4800 each. What is the rate of interest under the instalment plan? A. 35.71 % p.a. B. 36.71 % p.a. C. 37.71 % p.a. D. 38.71 % p.a. Question 9A sum of Rs. 10 is lent to be returned in 11 monthly instalments of Rs. 1 each, interest being simple. The rate of interest is: A. 9*1/11 % B. 10% C. 11% D. 21*9/11 % Question 10If the ratio of principal and the simple interest of 5 years is 10 : 3, then the rate of interest is = ? A. 6% B. 8% C. 3% D. 5%