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Aptitude360

Simple Interest Level - 2

50 questions. Choose an option and see at once whether it was right, with the correct answer and a worked solution. No timer, and nothing to submit.

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  1. Question 1

    At the rate of 8½% p.a. simple interest, a sum of ₹4800 will earn how much interest in 2 years 3 months?

  2. Question 2

    A shopkeeper with an overdraft facility at 18 percent with a bank borrowed ₹15000 on Jan 8, 2011 and returned the money on June 3, 2011 so as to clear the debt. The amount that he paid was

  3. Question 3

    Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5: 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was ₹20000, what was the total amount received on maturity from both the schemes?

  4. Question 4

    ₹1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2000 after:

  5. Question 5

    Asmita invests an amount of ₹9534 @ 4 p.c.p.a. to obtain a total amount of ₹11442 on simple interest after a certain period. For how many years did she invest the amount?

  6. Question 6

    The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in per cent) of interest per annum?

  7. Question 7

    If simple interest on ₹600 for 4 years and on ₹600 for 2 years combined together is ₹180, find the rate of interest.

  8. Question 8

    Veena obtained an amount of ₹8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. What is the amount invested by Veena?

  9. Question 9

    The sum invested in Scheme B is thrice the sum invested in Scheme A. The investment in Scheme A is made for 4 years at 8% p.a. simple interest and in Scheme B for 2 years at 13% p.a. simple interest. The total interest earned from both the schemes is ₹1320. How much amount was invested in Scheme A?

  10. Question 10

    Simple interest on 500 for 4 years at 6.25% per annum is equal to the simple interest on 400 at 5% per annum for a certain period of time. The period of time is:

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