Aptitude Preparation: Mock Test, IT Campus Placement, Aptitude Questions and Answers

Subject: Simple Interest 3

**Part 3: List for questions and answers of Simple Interest**

**Q1. A sum of money becomes double itself in 8 years at simple interest. How many times will it become 10 years at the same rate?**

a) 2 1/4

b) 4 1/4

c) 5 1/4

d) None

**Q2. A part of certain sum of money is invested at 9% per annum and the rest at 12% per annum, if the interest earned in each case for the same period is equal, then ratio of the sums invested is?**

a) 2:3

b) 3:4

c) 4:3

d) None

**Q3. The equal amounts of money are deposited in two banks each at 15% per annum for 3.5 years and 5 years respectively. If the difference between their interests is Rs.144, find the each sum?**

a) Rs.3467

b) Rs.640

c) Rs.500

d) None

**Q4. A sum of Rs. 2665 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum?**

a) Rs.1678

b) Rs.1640

c) Rs.2341

d) None

**Q5. If A lends Rs.3500 to B at 10% per annum and B lends the same sum to C at 11.5% per annum then the gain of B in a period of 3 years is?**

a) Rs.107.50

b) Rs.115.50

c) Rs.157.50

d) Rs.177.50

**Q6. A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?**

a) Rs.400

b) Rs.450

c) Rs.550

d) Rs.500

**Q7. If Rs.450 amount to Rs.540 in 4 years, what will it amount to in 6 years at the same rate % per annum?**

a) Rs.575

b) Rs.675

c) Rs.585

d) Rs.685

**Q8. Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much?**

a) Rs.1056

b) Rs.1112

c) Rs.1182

d) Rs.992

**Q9. What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?**

a) Rs. 24800

b) Rs. 28400

c) Rs. 24400

d) Rs. 28800

**Q10. How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months?**

a) Rs. 3770

b) Rs. 2850.50

c) Rs. 3587.50

d) Rs. 3750

**Q11. In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.?**

a) 22

b) 24

c) 25

d) 23

**Q12. A certain sum becomes Rs. 20720 in four years and 24080 in six years at simple interest. Find sum and rate of interest?**

a) Rs. 12000; 12% p.a.

b) Rs. 14000; 12% p.a.

c) Rs. 12000; 15% p.a.

d) Rs. 14000; 15% p.a.

**Q13. A sum of money triples itself in twelve years at simple interest. Find the rate of interest?**

a) 12 1/2 % p.a.

b) 14 4/7 % p.a.

c) 15 2/3 % p.a.

d) None of these

**Q14. A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by**

Rs. 840. Find the sum?

a) Rs. 7000

b) Rs. 8500

c) Rs. 8000

d) None of these

** **

**Q15. An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount?**

a) Rs. 3800

b) Rs. 3780

c) Rs. 3720

d) None of these

** **

**Q16. A certain sum becomes four times itself at simple interest in eight years. In how many years does it become ten times itself?**

a) 21

b) 25

c) 27

d) None of these

**Q17. At what rate of interest is an amount doubled in two years, when compounded annually?**

a) 30%

b) 41.4%

c) 45.2%

d) None of these

**Q18. Rs.4500 amounts to Rs.5544 in two years at compound interest, compounded annually. If the rate of the interest for the first year is 12%, find the rate of interest for the second year?**

a) 10%

b) 15%

c) 20%

d) None of these

**Q19. How much time will 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

**Q20. A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?**

a) 3%

b) 4%

c) 5%

d) 6%

** **

**Part 3: List for questions and answers of Simple Interest**

Q1. Answer: a

Q2. Answer: c

Q3. Answer: b

Q4. Answer: b

Q5. Answer:

Q6. Answer: d

Q7. Answer: c

Q8. Answer: d

Q9. Answer: d

Q10. Answer: c

Q11. Answer: a

Q12. Answer: b

Q13. Answer: d

Q14. Answer: a

Q15. Answer: c

Q16. Answer: d

Q17. Answer: b

Q18. Answer: a

Q19. Answer: b

Q20. Answer: d