Interest – Aptitude MCQ Questions – 15 Posted on July 9, 2020July 9, 2020 by admin Question 1I had Rs. 10000 with me. Out of this money I lent some money to A for 2 years @ 15% simple interest. I lent the remaining money to B for an equal number of years @18% simple interest. After 2 years, I found that A had given me Rs. 360 more as interest as compared to B. The amount of money which I had lent to B must have been. A. Rs. 2000 B. Rs. 3000 C. Rs. 4000 D. Rs. 5000 Question 2For 2 years, a sum was put at SI at a certain rate. If the rate was 3% higher, it would have fetched Rs. 300 more. What will be the sum ? A. Rs. 5000 B. Rs. 4800 C. Rs. 2500 D. Rs. 4484 Question 3A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is: A. 5 : 8 B. 8 : 5 C. 16 : 15 D. 31 : 6 Question 4A sum of Rs. 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 percent simple interest will be the same. Find the sum alloted at present to each son. A. Rs. 9500, Rs. 9250 B. Rs. 8000, Rs. 1750 C. Rs. 9000, Rs. 9750 D. None of these Question 5A sum of Rs. 1440 is lent out in three parts in such away that the interests on first part at 2% for 3 years, second part at 3% for 4 years and third part at 4% for 5 years are equal. Then the difference between the largest and the smallest sum is - A. Rs. 200 B. Rs. 400 C. Rs. 460 D. Rs. 560 Question 6A money lender claims to lend money at the rate of 10% per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually ? A. 10% B. 10*1/9 % C. 11% D. 11*1/9 % Question 7A certain sum of money amount to Rs 2200 at 5% interest Rs 2320 at 8% interest in the same period of time. The period of time is = ? A. 2 years B. 4 years C. 5 years D. 3 years Question 8Tushar borrowed a sum of Rs. 12000 at 15% per annum from a money - lender on 13th January, 1987 and return the amount on 8th June, 1987 to clear his debt. Then the amount paid by Tushar to the money - lender to clear his debt was = ? A. Rs. 15000 B. Rs. 11394 C. Rs. 12720 D. Rs. 13650 Question 9Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 year she paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a ? A. Rs. 12000 B. Rs. 16000 C. Rs. 17500 D. Rs. 18000 Question 10An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% p.a. and second, 11% p.a. If the total interest at the end of one year is9*3/4%, then the amount invested in each share was - A. Rs. 52, 500; Rs. 47, 500 B. Rs. 62, 500; Rs. 37, 500 C. Rs. 72, 500; Rs. 27, 500 D. Rs. 82, 500; Rs. 17, 500