Quantitative Aptitude Simple Interest Question 2

Quantitative Aptitude – Simple Interest – Questions – 01

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1. The simple interest on a sum of money is 1/9 of the sum. The number of years is numerically equal to the rate percent per annum. The rate percent per annum is:

 
 
 
 

2. The difference between the interests received from two different banks on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rates is

 
 
 
 

3. A man invests an amount of Rs. 15860 in the names of his three sons A, B and C in such a way that they get the same amount after 2, 3 and 4 years respectively. If the rate of simple interest is 5%, then the ratio of amounts invested among A, B and C will be:

 
 
 
 

4. The rate of interest on a sum of money is 4% p.a. for the first 2 years, 6% p.a. for the next 3 years and 8% p.a. for the period beyond 5 years. If the simple interest accrued by the sum for a total period of 8 years is Rs. 1280, what is the sum ?

 
 
 
 

5. 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, the money lent at 8% is:

 
 
 
 

6. How much should a person lend at simple rate of interest of 15% in order to have Rs. 784 at the end of 1 1/2 years?

 
 
 
 

7. The rate of simple interest on a sum of money is 6% p.a. for the first 3 years, 8% p.a. for the next 5 years and 10% p.a. for the period beyond 9 years. If the simple interest accrued by the sum for a total period of 10 years is Rs. 1560, what is the sum?

 
 
 
 

8. A sum of money trebles itself in 15 years 6 months. In how many years would it double itself?

 
 
 
 

9. In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% p.a. S.I. ?

 
 
 
 

10. Gulshan Kumar borrows Rs. 300 at 5% and Rs. 450 at 6% at the same time and on the condition that the whole loan will be repaid when the total interest amounts to Rs. 126. The loan will have to be repaid after how many years?

 
 
 
 

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