Quiz Discussion

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.

Course Name: Quantitative Aptitude

  • 1]

    Rs 226.50

  • 2]

     

    Rs 172.50

  • 3]

    Rs 112.50

  • 4]

    Rs 95.50

Solution
No Solution Present Yet

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# Quiz
1
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
2
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
3
Discuss

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]

    5%

  • 2]

    7%

  • 3]

    7 1/8%

  • 4]

    10%

Solution
4
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
5
Discuss

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum

  • 1]

    110

  • 2]

    120

  • 3]

    130

  • 4]

    140

Solution
6
Discuss

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]

    Rs. 2000

  • 2]

    Rs. 10,000

  • 3]

    Rs. 15,000

  • 4]

    Rs. 20,000

Solution
7
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
8
Discuss

Divide Rs. 2379 into 3 parts, so that their amounts after 2,3 and 4 years respectively may be equal the rate of interest being 5% per annum at simple interest. The first part is 

  • 1]

    Rs 759

  • 2]

    Rs 792

  • 3]

    Rs 818

  • 4]

    Rs 828

Solution
9
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
10
Discuss

800 Rs. becomes 956 Rs. in 3 years at certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 Rs. become in 3 years?

  • 1]

    1020.80 Rs

  • 2]

    1025 Rs

  • 3]

    1050 Rs

  • 4]

    1052 Rs

Solution
# Quiz