Aptitude Test 17

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Aptitude Test 17

Questions : 25
Topic Name : Simple Interest
Time : 1Hr
Makrs : 25

Name : *

Email ID *

Contact Number : *

1 . A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: *

0 points

Rs. 650

Rs. 690

Rs. 698

Rs. 700

2 . Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? *

1 point

Rs. 6400

Rs. 6500

Rs. 7200

Rs. 7500

None of these

3 . A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum? *

1 point

Rs. 4462.50

Rs. 8032.50

Rs. 8900

Rs. 8925

4. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? *

1 point

3.5 years

4 years

4.5 years

5 years

5. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? *

0 points

3.6

Cannot be determined

None of these

6 . A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? *

0 points

None of these

7. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes: *

1 point

10%

10.25%

10.5%

None of these

8. 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: *

1 point

7/1 %

10%

9. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? *

1 point

3.6%

4.5%

None of these

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

1 point

Rs. 2000

Rs. 10,000

Rs. 15,000

Rs. 20,000

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: *

1 point

12%

15%

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? *

1 point

1 : 3

1 : 4

2 : 3

Data inadequate

None of these

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?

1 point

Rs. 35

Rs. 245

Rs. 350

Cannot be determined

None of these

Clear selection

14. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.

1 point

Rs. 112.50

Rs. 125

Rs. 225

Rs. 167.50

Clear selection

15. The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.

0 points

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

Clear selection

16. What is the rate of simple interest?I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.

1 point

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

Clear selection

17. What is the principal sum? I. The sum amounts to Rs. 690 in 3 years at S.I. II. The sum amounts to Rs. 750 in 5 years at S.I. III. The rate of interest is 5% p.a.

0 points

I and III only

II and III only

I and II only

I and III only, or II and III only

Any two of the three

Clear selection

18. What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.

0 points

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

Clear selection

19 . What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

1 point

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

Clear selection

20 . 1. Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?

0 points

Rs.1000

Rs.1100

Rs.1050

Rs.1200

Clear selection

21 . What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?

0 points

Rs.525

Rs.500

Rs.550

Rs.555

Clear selection

22 . At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years?

1 point

3 1/2%

5 1/2 %

Clear selection

23 . Find the simple interest on Rs.500 for 9 months at 6 paisa per month?

1 point

Rs.345

Rs.270

Rs.275

Rs.324

Clear selection

24 . A certain sum amounts to Rs.1725 in 3 years and Rs.1875 in 5 years. Find the rate % per annum?

0 points

Clear selection

25 . At what rate percent on simple interest will a sum of money double itself in 30 years?

1 point

3 1/3 %

3 1/2%

4 %

4 1/2 %

Clear selection

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