Quiz Discussion

A sum of money lent out at simple interest amounts Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. What is the sum ?

Course Name: Quantitative Aptitude

  • 1]

    Rs 200

  • 2]

    Rs 350

  • 3]

    Rs 475

  • 4]

    Rs 600

Solution
No Solution Present Yet

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# Quiz
1
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
2
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

Solution
3
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
4
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
5
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
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 money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

  • 1]

    Rs. 650

  • 2]

    Rs. 690

  • 3]

    Rs. 698

  • 4]

    Rs. 700

Solution
8
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
9
Discuss

The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month

  • 1]

    Rs. 3.60

  • 2]

    Rs. 2.40

  • 3]

    Rs. 1.60

  • 4]

    Rs. 1.20

Solution
10
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
# Quiz