C.C.
H
CORE COMPETITIVE HUB
Simple Interest
Q1. Simple interest on certain sum of money is 1/16th of principle and the number of year is equal
to rate of interest. Find the rate of interest per annum?
a) 2.4 b) 2.5 c) 3.5 d) 2.2 e)none
Q2. Sum of money doubles itself in 7 year and in how many years it will becomes 4 times?
a) 14 b) 28 c) 21 d) 35 e)none
Q3. A certain sum of money at simple interest amount to Rs 3900 in 4 year and to Rs 4575 in 7
year so find the sum?
a) 2750 b) 2900 c) 4500 d) 3000 e)none
Q4. The simple interest earned on certain principle in 5 year at 12% per annum is Rs 1536. What
amount of simple interest would man get if he invests Rs 1000 more than the previous principle for
2 year at same rate of simple interest?
a) 850 b) 864.40 c) 854.40 d) 857 e)none
Q5. Rs 1200 amount to Rs 1632 in 4 year at certain rate of simple interest if the rate of interest is
increased by 1% it would total amount how much ?
a) 1760 b) 1680 c) 1580 d) 1660 e)none
Q6. Find the simple interest on Rs 2000 at 25/4% per annum for the period from 4 th Feb 2005 to
18th April 2005?
a) 25 b) 30 c) 35 d) 40 e)none
Q7. A certain sum of money amount to 5/4 of itself in 5 year the rate % per annum to?
a) 25 b) 125 c) 10 d) 5 e)none
Q8. Sachin borrows Rs 5000 for 2 year at 4% P.A. simple interest he immediately lends money to
ram at 25/4% p.a. for 2 year find gain of one year by Sachin?
a) 110.50 b) 111.50 c) 112.50 d) 113.50 e)none
Q9. A lent Rs 6000 to B for 2 year and Rs 1500 to C for 4 year and received Rs 900 as interest
from both of them together the rate of interest p.a.?
a) 5 b) 6 c) 8 d) 10 e)none
Q10. The S.I. on certain sum of money at 4% p.a. for 4 year is Rs 80 more than the interest of
same sum for 3 year at 5% p.a. find sum?
a) 9000 b) 7000 c) 800 d) 8000 e)none
Q11. An amount of Rs. 400 becomes Rs. 424 in 3 years at a certain rate of simple interest, if the
rate of interest increases by 8%, what amount will Rs. 400 becomes in 2 years?
a) Rs.450 b) Rs.425 c) Rs.480 d) Data inadequate e) None of these
Q12. Divide Rs. 8000 into two parts so that simple interest on first part for 3 year at 5% p.a. may
be equal to simple interest on the second part for 5 year at 9% p.a.
a) Rs.5000, Rs.3000 b) Rs.6500, Rs.1500 c) Rs.6000, Rs.2000 d) Rs.4500, Rs.3500 e)none
Q13. A sum of Rs. 11000 is equally divided and invested at two different rates of interest. The
difference between the interests got after 3 year is Rs. 300. What is the difference between the
rates of interest?
a) 1.81% b) 1.75% c) 1.69% d) 1.32% e) None of these
CAT/ CRT/ BANK PO/MBA CET/SSC/ CGL
RADHA NAGAR LANE 1, PANCHVATI & RAVINAGAR AMT
8668845577
C.C.H
CORE COMPETITIVE HUB
Simple Interest
Q14. Harvey borrowed some money at the rate of 3% p.a. for the first 4 year, at the rate of 4% p.a.
for the next 3 year and at the rate of 9% p.a. for the period beyond 7 year. If he pays a total simple
interest of Rs. 21000 at the end of 9 year, how much money did he borrow?
a) Rs. 49500 b) Rs. 48500 c) Rs. 49900 d) Rs. 50000 e) None of these
Q15. Ashok lent Rs. 7000 to Ram for 3 years and Rs.4000 to Harish for 2 years on simple interest
and at same rate of interest. If Ashok received Rs.3000 as total interest from both, what is the rate
of interest?
a) 10.81% b) 10.37% c) 10.99% d) 10.75% e) 10.34%
Q16. Graham lent sum of Rs.840 to Rajesh in the beginning of the year at a certain rate of
interest. After 6 months Rs.420 is lent to the same person but the rate of interest is twice the
former. At the end of the year Rs.80 is earned as total interest by graham then what is the original
rate of interest?
a) 7.85% b) 5.45% c) 6.34% d) 7.46% e) 5.64%
Q17. The simple interest on a sum of money will be Rs.900 after 8 years. If the principal is tripled
for the last 4 years, what will be the total interest at the end of the 8th year?
a) Rs.600 b) Rs.900 c) Rs.1200 d) Rs.1800 e) Data inadequate
Q18. Rajesh has a total of Rs.42, 000. And in that, he lends Rs.8, 000 at 9/2% per annum simple
interest and Rs.12, 000 at 8% per annum simple interest. He lends the remaining money at a
certain rate of interest so that he gets total interest of Rs. 3600 at the end of one year. The rate of
interest per annum, at which the remaining money is lent, is?
a) 11.50% b) 10.36% c) 8.54% d) 9.65% e) 12.24%
Q19. What is the principal sum?
I. The sum amounts to Rs. 690 in 3 years at S.I.
II. The sum amounts to Rs. 750 in 5 years at S.I.
III. The rate of interest is 5% p.a.
a) I and III only b) II and III only c) I and II only d) Any two of the three e.)None of above
Q20. The simple interest on a sum of money is Rs. 50. What is the sum?
I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years
a) I alone sufficient while II alone not sufficient to answer b) II alone sufficient while I
alone not sufficient to answer c) either I or II alone sufficient to answer d) Both I and II
are necessary to answer e) Neither 1 nor 2
Q21. An automobile financier claims to be lending money at S.I., but he includes the interest every
six months for calculating the principal. If he is charging an interest of 8%, the effective rate of
interest becomes?
a) 10.25 % b) 8.16 % c) 9.63 % d) 0.16 % e) 12.9%
Q22. An automobile financier claims to be lending money at simple interest, but he includes the
interest every six months for calculating the principal. If he is charging an interest of 10%, the
effective rate of interest becomes:
a) 10% b) 10.25% c) 10.5% d) 11.25% e) none of these
Q23. Lawrence invests Rs. 12000 as fixed deposit in a bank at the rate of SI 8% per annum. But
due to some needs he has to withdraw the entire money after 4 years, for which the bank allowed
him a lower rate of interest. If he gets Rs. 2500 less than what he would have got at the end of 6
years, the rate of interest allowed by the bank is?
a) 7.5% b) 8.3% c) 8.5% d) 9.6% e) 6.8%
CAT/ CRT/ BANK PO/MBA CET/SSC/ CGL
RADHA NAGAR LANE 1, PANCHVATI & RAVINAGAR AMT
8668845577