CHAPTER-3
SIMPLE INTEREST
Q1. What sum of money must be given as simple Q8. A sum of money at simple interest trebles
interest for six months at 4% per annum in order to itself in 15 years. It will become 5 times of itself in
earn 150 interest?
(1) 40 years (2) 36 years
(1) 5000 (2) 7500 (3) 10000 (4) 15000
(3) 30 years (4) 25 years
Q2. A sum of 1600 gives a simple interest of 252
in 2 years and 3 months. The rate of interest per Q9. In how many years will a sum of money
1
annum is: double itself at 64% simple interest per annum ?
1
(1) 52% (2) 8% (3) 7% (4) 6% (1) 24 years (2) 20 years
Q3. How much simple interest will Rs. 4000 earn (3) 16 years (4) 12 years
in 18 months at 12% per annum?
Q10. The simple interest on a sum of money is
(1) Rs. 216 (2) Rs. 360 (3) Rs. 720 (4) Rs. 960 8/25 of the sum. If the number of years is
numerically half the rate percent per annum, then
Q4. A sum of money becomes 7/6 of itself in 3 the rate percent per annum is
years at a certain rate of simple interest. The rate
1
per annum is : (1) 5 (2) 8 (3) 6 (4) 4
4
5 5
(1) 59 % (2) 69% (3) 18% (4) Q11. The simple interest on a certain sum at 5%
25% per annum for 3 years and 4 years differ by 42.
The sum is :
Q5. A sum of money becomes 41/40 of itself in
1/4 years at a certain rate of simple interest. The (1) 210 (2) 280 (3) 750 (4) 840
rate of interest per annum is Q12. Mohan lent some amount of money at 9%
(1) 10% (2) 1% (3) 2.5% (4) 5% simple interest and an equal amount of money at
10% simple interest each for two years. If his total
Q6. At what rate per cent per annum will the interest was Rs. 760, what amount was lent in each
simple interest on a sum of money be 2/5 of the case ?
amount in 10 years ?
(1) 1700 (2) 1800 (3) 1900 (4) 2000
2 2
(1) 4% (2) 6% (3) 5 % (4) 6 %
3 3 Q13. Simple interest on 500 for 4 years at 6.25%
per annum is equal to the simple interest on 400 at
Q7. A certain sum of money becomes three times
5% per annum for a certain period of time. The
of itself in 20 years at simple interest. In how
period of time is
many years does it become double of itself at the
same rate of simple interest ? (1) 4 years (2) 5 years
(1) 8 years (2) 10 years 1 2
(3) 64years (4) 83years
(3) 12 years (4) 14 years
G Suresh Sir… Page 1
7780104549
CHAPTER-3
SIMPLE INTEREST
Q14. If 12,000 is divided into two parts such that Q20. A sum of 400 amounts to 480 in 4 years.
the simple interest on the first part for 3 years at What will it amount to if the rate of interest is
12% per annum is equal to the simple interest on increased by 2%?
1
the second part for 4 years at 16% per annum, the
2 (1) 484 (2) 560 (3) 512 (4) None of these
greater part is
Q21. A man loses 55.50 yearly when the annual
(1) 8,000 (2) 6,000 (3) 7,000 (4) 7,500 rate of interest falls from 11.5% to 10%. His
capital (in rupees) is
Q15. Ram deposited a certain sum of money in a
company at 12% per annum simple interest for 4 (1) 3700 (2) 7400 (3) 8325 (4) 11100
years and deposited equal amount in fixed deposit
in a bank for 5 years at 15% per annum simple Q22. A sum of 2,400 amounts to 3,264 in 4 years
interest. If the difference in the interest from two at a certain rate of simple interest. If the rate of
sources is 1350, then the sum deposited in each interest is increased by 1%, the same sum in the
case is : same time would amount to
(1) 3000 (2) 4000 (3) 5000 (4) 6500 (1) 3,288 (2) 3,312 (3) 3,340 (4) 3,360
Q16. Ratio of the principal and the amount after 1 Q23. 800 amounts to 920 in 3 years at simple
year is 10:12. Then the rate of interest per annum interest. If the interest rate is increased by 3%, it
is : would amount to
(1) 12% (2) 16% (3) 18% (4) 20% (1) 1,056 (2) 1,112 (3) 1,182 (4) 992
Q17. In a certain time, the ratio of a certain Q24. A sum was lent at simple interest at a certain
principal and the simple interest obtained from it rate for 2 years. Had it been lent at 3% higher rate,
are in the ratio 10 : 3 at 10% interest per annum. it would have fetched 300 more. The original sum
The number of years the money was invested is of money was :
(1) 1 year (2) 3 years (3) 5 years (4) 7 years (1) 5000 (2) 6000 (3) 7000 (4) 4000
Q18. If the ratio of principal and the simple Q25. A sum of 10,000 is lent partly at 8% and
interest for 5 years is 10 : 3, then the rate of remaining at 10% per annum. If the yearly interest
interest is : on the average is 9.2%, the two parts are :
(1) 5% (2) 6% (3) 8% (4) 3% (1) 4000, 6000 (2) 4500, 5500
Q19. A sum of Rs. 4000 is lent out in two parts, (3) 5000, 5000 (4) 5500, 4500
one at 8% simple interest and the other at 10%
simple interest. If the annual interest is Rs. 352, Q26. A sum of 1000 is lent out partly at 8% and
the sum lent at 8% is the remaining at 10% per annum. If the yearly
income on the average is 9.2%, the two parts
(1) Rs. 2900 (2) Rs. 2200 respectively are
(3) Rs. 2400 (4) Rs. 3100 (1) 400, 600 (2) 450, 550
G Suresh Sir… Page 2
7780104549
CHAPTER-3
SIMPLE INTEREST
(3) 500, 500 (4) 550, 450 simple interest per annum are equal. The interest
on each part (In rupees) is
Q27. What equal installment of annual payment
will discharge a debt which is due as 848 at the (1) 60 (2) 65 (3) 70 (4) 40
end of 4 years at 4% per annum simple interest?
Q34. The simple interest on a certain sum of
(1) 212 (2) 200 (3) 250 (4) 225 money at the rate of 5% per annum for 8 years is
Rs. 840. Rate of interest for which the same
Q28. What equal installment of annual payment amount of interest can be received on the same
will discharge a debt which is due as 1092 at the sum after 5 years is :
end of 3 years at 12% per annum simple interest?
(1) 7% per annum (2) 8% per annum
(1) 325 (2) 425 (3) 350 (4) 450
(3) 9% per annum (4) 10% per annum
Q29. The effective annual rate of interest,
corresponding to a nominal rate of 6% per annum
payable half yearly, is :
(1) 6.06% (2) 6.07% (3) 6.08% (4) 6.09%
Q30. Two equal sums were lent out at 7% and 5%
S.I. respectively. The interest earned on the two REFERENCE BOOKS
loans add up to 960 for 4 years. The total sum lent
out in R S AGGARWAL QUANTITATIVE
APTITUDE
(1) 3500 (2) 2500 (3) 2000 (4) 3000
TATA Mc GRAW HILL QUANTITATIVE
Q31. What should be the least number of years in
2
APTITUDE, NEW DELHI
which the simple interest on Rs. 2600 at 63% will
be an exact number of rupees? GULATI OBJECTIVE ARITHMETICS
(1) 3 (2) 2 (3) 5 (4) 4 KIRAN PRAKASH QUANTITATIVE
APTITUDE
Q32. Ram bought a bike for Rs. 60,000. He paid
Rs. 10000 cash down and the rest at the end of 2 FAST TRACK OBJECTIVE
years at 15% simple interest. How much more did ARITHMETICS
he pay as simple interest?
(1) Rs. 15,000 (2) Rs. 25,000 Prepared By…..
(3) Rs. 35,000 (4) Rs. 50,000 G SURESH
Q33. A sum of 1750 is divided into two parts such
that the interests on the first part at 8% simple
interest per annum and that on the other part at 6%
G Suresh Sir… Page 3
7780104549
CHAPTER-3
SIMPLE INTEREST
G Suresh Sir… Page 4
7780104549
CHAPTER-3
SIMPLE INTEREST
G Suresh Sir… Page 5
7780104549
CHAPTER-3
SIMPLE INTEREST
G Suresh Sir… Page 6
7780104549