Simple Interest Questions and Answers

General Aptitude

Simple Interest

    21) In how much time would the simple interest on a certain sum be 0.125 times the principle at 10% per annum?

  • A)1(1/4)years
  • B)1(3/4)years
  • C)2(1/4)years
  • D)2(3/4)years
  • E)None of these
Answer: A

    22) Simple interest on a certain amount is 9/16 of the principle. If the numbers representing the rate of interest in percent and time in years  be equal, then time, for which the principle is rent out, is:

  • A)5(1/2)years
  • B)6(1/2)years
  • C)7years
  • D)7(1/2) years
  • E)None of these
Answer: D

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

  • A)Rs.700
  • B)Rs.1500
  • C)Rs.4000
  • D)Rs.6500
  • E)None of these
Answer: B

    24) At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?

  • A)4%
  • B)5(2/3)%
  • C)6%
  • D)6(2/3)%
  • E)None of these
Answer: A

    25) A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest the p rate per amum is 

  • A)5(5/9)%
  • B)6(5/9)%
  • C)18%
  • D)25%
  • E)None of these
Answer: A