Home/Quantitative-Aptitude/Simple Interest

Simple Interest MCQs

21 questionsQuantitative-AptitudePage 2 of 3

Practice free Simple Interest multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 21 questions — no login required.

Question 10easy
Arvind deposited a sum of money with a bank on 1st january, 2012 at 8% simple interest per annum. He received an amount 3144 on 7th August, 2012. The money he deposited with the bank was = ?
Question 11easy
A borrows a sum of Rs. 90,000 for 4 years at 5% simple interest. He lends it to B at 7% for 4 years at simple interest. What is his gain (in Rs.)?
Question 12easy
Suresh lent out a sum of money to Rakesh for 5 years at simple interest. At the end of 5 years. Rakesh paid 9/8 of the sum to Suresh to clear out the amount. Find the rate of simple interest per annum.
Advertisement
Question 13easy
The simple interest on a certain sum is one-eighth of the sum when the number of years is equal to half of the rate percentage per annum. Find the simple interest (in Rs.) on Rs. 15,000 at the same rate of simple interest for 8 years.
Question 14easy
Consider the following statements
If a sum of money is lent at simple interest, then the
I - money gets doubled in 5 years if the rate of interest is $$16\frac{2}{3}$$ %
II - money gets doubled in 5 years if the rate of interest is 20%.
III - money becomes four times in 10 years if it gets doubled in 5 years.
Question 15easy
If the annual rate of simple interest increase from 11% to $$17\frac{1}{2}\% ,$$  then a person's yearly income increase by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 year is:
Advertisement
Question 16easy
A sum of Rs. 36,000 is divided into two parts A and B, such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs.) received from A is:
Question 17easy
The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is = ?
Question 18easy
A man has Rs. 10,000. He lent a part of it at 15% simple interest and the remaining at 10% simple interest. The total Interest he received after 5 years amount to Rs. 6,500. The difference between the parts of the amounts he lent is: