SIMPLE INTEREST MCQ SET 9
1. The rate of interest for the first 2 years is 6% p.a. for next 3 years is 10% p.a. and for the period beyond 5 years is 12% p.a. If a person gets Rs.12,771 as simple interest after 7 years , then what money did he invest?
(a)Rs.19,450
(b)Rs.19,350
(c)Rs.19,300
(d)Rs.20,000
Answer: B
2. The rate of simple interest for first two tears is 8% p.a. , for the next 4 years , it is 10% p.a. and for the period beyond 6 years , it is 12% p.a. if a person gets Rs.18,358.60 as simple interest after 9 years , then how much money (in Rs) did he invest?
(a)21075
(b)20087
(c)19674
(d)19955
Answer: D
3. A sum of money earns a simple interest at 7.25% per annum for the first eight years , at 8.5% for the next 6 years , and at 6.5% for the final four years . If the total interest earned during these eighteen years was Rs.35,100 , what was the original investment ?
(a)25,800
(b)25,500
(c)26,400
(d)26,000
Answer: D
4. A person borrowed Rs.1,200 at 8% p.a. and Rs.1,800 at 10% p.a. as simple interest for the same period . He has to pay Rs.1,380 in all as interest . Find the time period?
(a)4 years
(b)10 years
(c)6 years
(d)5 years
Answer: D
5. A person deposits Rs.500 for 2 years , Rs.600 for 5 years and Rs.1000 for 6 years at the same rate of simple interest . If he earns a simple interest of Rs.1000 , then what is the rate of interest per years?
(a)15%
(b)5%
(c)10%
(d)20%
Answer: C
6. A sum of Rs.10000 is invested in three schemes of simple interest . The annual interest rates are respectively , 4% , 6% and 10% . Rs.4000 were invested in the first schemeย if the total interest earned after five years is Rs.2800 , then how much money was invested in the third scheme?
(a)Rs.1500
(b)Rs.5000
(c)Rs.1000
(d)Rs.3000
Answer: C
7. A person lends 40% of his sum of money at 15% per annum , 50% of rest at 10% per annum and the rest at 18% per annum rate of interest , if the interest is calculates on the whole sum then what would be the annual rate of interest ?
(a)13.4%
(b)14.33%
(c)14.4%
(d)13.33%
ย Answer: C
8. A person invested five-twelfth of total principal at 9% per annum , 2/9 part of 11% per annum and remaining part at 16% per annum simple interest . If the total simple interest in one year is Rs.38790 . Find the total investment .
(a)Rs.324000
(b)Rs.288000
(c)Rs.360000
(d)Rs.252000
Answer: A
9. Sudeep invested 1/8 of a certain sum at 5% p.a. for two years and 3/5 of the sum at 6% p.a. for two years and the remaining at 10% p.a. for two years . If the total interest received in Rs.1,674 , then the total sum invested is:-
(a)Rs.10,500
(b)Rs.12,500
(c)Rs.12,000
(d)Rs.13,000
Answer: C
10. A person invested one-fourth of the sum of Rs.25,000 at a certain rate of simple interest and the rest at 4% p.a. higher rate . If the total interest received for 2 years is Rs.4,125 . What is the rate at which the second sum was invested ?
(a)9.5%
(b)9.25%
(c)9.255%
(d)7.5%
Answer: B
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