Quiz Discussion

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:

Course Name: Quantitative Aptitude

  • 1]

    10%

  • 2]

    10.25%

  • 3]

    10.5%

  • 4]

    None Of These

Solution
No Solution Present Yet

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# Quiz
1
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
2
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
3
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
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 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 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
7
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
8
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
9
Discuss

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?

  • 1]

    3.6

  • 2]

    6

  • 3]

    18

  • 4]

    None Of These

Solution
10
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
# Quiz