Quantitative Aptitude Simple Interest Question

Quantitative Aptitude – Simple Interest – Questions – 02

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1. In how many years will a sum of money double itself at 12% per annum?

 
 
 
 

2. If a sun of money at simple interest doubles in 6 years, it will become 4 times in:

 
 
 
 

3. Mr. Roopchand finds that an increase in the rate of interest from 4 7/8 % to 5 1/8 % per annum increases his yearly income by Rs. 25. His investment is:

 
 
 
 

4. For how many years should Rs. 600 be invested at 10% p.a. in order to earn the same simple interest as is earned by investing Rs. 800 at 12% p.a. for 5 years?

 
 
 
 

5. Rs. 800 amounts to Rs, 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?

 
 
 
 

6. How long will it take a sum of money invested at 5% p.a. S.I. to increase its value by 40%?

 
 
 
 

7. If a sum of money doubles itself in 8 years at simple interest, the rate percent per annum is:

 
 
 
 

8. A sum was put at-simple interest at a certain rate for 2 years.-Had it been put at 3% higher rate, it would have fetched Rs. 72 more. The sum is:

 
 
 
 

9. A person borrowed Rs. 500 at the rate of 5% per annum S.I. Whatamount will be pay to clear the debt after 4 years?

 
 
 
 

10. Rahul borrowed Rs. 830 from Mr. Lal at 12% p.a. S.I. for 3 years. He then added some more money to the borrowed sum and lent it to Shobha for the same period at 14% p.a. rate of interest. If Rahul gains Rs. 93.90 in the whole transaction, how much money did he add from his side?

 
 
 
 

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