Simple Interest Questions and Answers


General Aptitude

Simple Interest


    11) A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

  • A)5%
  • B)8%
  • C)12%
  • D)15%
Answer: C

    12) What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

  • A)1 : 3
  • B)1 : 4
  • C)2 : 3
  • D)Data inadequate
  • E)None of these
Answer: C

    13) A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

  • A)Rs. 35
  • B)Rs. 245
  • C)Rs. 350
  • D)Cannot be determined
  • E)None of these
Answer: D

    14) A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 61-div-1by4.gif p.a for 2 years. Find his gain in the transaction per year.

  • A)Rs. 112.50
  • B)Rs. 125
  • C)Rs. 150
  • D)Rs. 167.50
Answer: A

    15) A sum of Rs.12500 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%
  • E)None of these
Answer: D