Simple Interest Questions and Answers

General Aptitude

Simple Interest

    26) A lent Rs.5000 to B for 2 years and Rs.3000 to c for 4 years on simple interest at the same rate of interest and received Rs.2200 in all from both of them as interest. The rate of interest per annum is 

  • A)5%
  • B)7%
  • C)7(1/8)%
  • D)10%
  • E)None of these
Answer: D

    27) A person borrows Rs.5000 for 2 years at 4 % p.a. simple interest. He immediately lends it to another person at 6(1/4)% 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
  • E)None of these
Answer: A

    28) Reena took a loan of Rs.1200 with S.I.  for as many years as the rate of interest. If she paid Rs.432 as interest at the and of the loan period, what was the rate of interest?

  • A)3.6
  • B)6
  • C)18
  • D)Cannot be determined
  • E)None of these
Answer: B

    29) A man took a loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs.5400 interest only for the period the principal amount borrowed by him was:

  • A)Rs.2000
  • B)Rs.10,000
  • C)Rs.15,000
  • D)Rs.20,000
  • E)None of these
Answer: C

    30) What is the present worth of Rs.132 due in 2 years at 5% S.I. per annum?

  • A)112
  • B)Rs.118.80
  • C)Rs.120
  • D)


  • E)None of these
Answer: D