Friday, February 15, 2013

Simple Interest Practice Test 2

11. 
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.
3.5 years
B.
4 years
C.
4.5 years
D.
5 years


12.Mr.Raj got a loan at 11% p.a. SI after 5 years he returned the principal along with interest. If he returns in all RS.12400/- what is the principal amount

     A.   9000
     B.   8000
     C.   8500
     D.   10000


13.A money lender finds that dues to a fall in the annual rate of interest from 8% to 7x3/4%, his yearly income diminishes by Rs. 61.50. His capital is

             A.  Rs. 22,400       B.  Rs. 23,800

             C.  Rs. 24,600        D.  Rs. 26,000

14.Find the simple interest on Rs. 3000 at 6¼% per annum for the period from
4th Feb., 2005 to 18th April, 2005.

     A.   27.50
     B.   37.50
     C.   47.50
     D.   40

15. 
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
3.6
6
18
Cannot be determined
None of these

16.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.   None of these


17.A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9. p.c.p.a in 5 years. What is the sum?

             A.  Rs. 4462.50     B.  Rs. 8032.50

            C.  Rs. 8900            D.  Rs. 8925

18.A sum at simple interests at 13½ % per annum amounts to Rs.2502.50 after 4 years find the sum.

     A.   1025
     B.   1055
     C.   1625
     D.   1752

19. 
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
3%
4%
5%
6%
None of these

20. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

             A.  3.6           B.  5.6

            C.  6                D.   18

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