# Quiz Discussion

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:

Course Name: Quantitative Aptitude

• 1]

Rs. 2000

• 2]

Rs. 10,000

• 3]

Rs. 15,000

• 4]

Rs. 20,000

##### Solution
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# Quiz
1
Discuss

A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate.

• 1]

Rs 650

• 2]

Rs 990

• 3]

Rs 900

• 4]

Rs 906

##### Solution
2
Discuss

What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6 1/4 % p.a ?

• 1]

Rs. 787.50

• 2]

Rs. 812.50

• 3]

Rs. 860

• 4]

Rs. 887.50

##### Solution
3
Discuss

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]

3.6%

• 2]

4.5%

• 3]

5%

• 4]

3.46%

##### Solution
4
Discuss

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]

Rs. 6400

• 2]

Rs. 6500

• 3]

Rs. 7200

• 4]

Rs. 7500

##### Solution
5
Discuss

A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent

• 1]

6%

• 2]

7%

• 3]

8%

• 4]

9%

##### Solution
6
Discuss

A person borrows Rs 5000 for two years at 4% per annum simple interest. He immediately lends to another person at 6 1/4​% per annum for 2 years. Find his gain in the transaction per year.

• 1]

Rs 226.50

• 2]

Rs 172.50

• 3]

Rs 112.50

• 4]

Rs 95.50

##### Solution
7
Discuss

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]

10%

• 2]

10.25%

• 3]

10.5%

• 4]

None Of These

##### Solution
8
Discuss

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?

• 1]

Rs. 12000

• 2]

Rs. 6000

• 3]

Rs. 8000

• 4]

Rs. 10000

##### Solution
9
Discuss

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]

3.5 years

• 2]

4 years

• 3]

4.5 years

• 4]

5 years

##### Solution
10
Discuss

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]

Rs. 4462.50

• 2]

Rs. 8032.50

• 3]

Rs. 8900

• 4]

Rs. 8925

# Quiz