Vishwanath
Friday, February 15, 2013
41.A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is
A. Rs. 500 B. Rs. 600
C. Rs. 700 D. Rs. 710
42. | What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? |
| 1 : 3 | | 1 : 4 | | 2 : 3 | | Data inadequate | | None of these | | | |
43.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?
A. 3% B. 4%
C. 5% D. 6%
44. | A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned? |
| Rs. 35 | | Rs. 245 | | Rs. 350 | | Cannot be determined | | None of these | | | |
45.A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest.The rate of interest per annum is
A. 5% B. 8%
C. 12% D. 15%
46. | A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year. |
| Rs. 112.50 | | Rs. 125 | | Rs. 150 | | Rs. 167.50 | |
47.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
48. | 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. | |
| I alone sufficient while II alone not sufficient to answer | | II alone sufficient while I alone not sufficient to answer | | Either I or II alone sufficient to answer | | Both I and II are not sufficient to answer | | Both I and II are necessary to answer | |
View Answer With Explanation
49.A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay
A. Rs. 105 B. Rs. 110
C. Rs. 115 D. Rs. 115.50
50. | What is the sum which earned interest? | I. | The total simple interest was Rs. 7000 after 7 years. | II. | The total of sum and simple interest was double of the sum after 5 years. | |
| I alone sufficient while II alone not sufficient to answer | | II alone sufficient while I alone not sufficient to answer | | Either I or II alone sufficient to answer | | Both I and II are not sufficient to answer | | Both I and II are necessary to answer | |
Title : Simple Interest Practice Test 5
Description : 41.A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is...
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