Simple Interest MCQ Set 10
SIMPLE INTEREST MCQ SET 10
1. A person invested a total of Rs.9,000 in three parts at 3% , 4% and 6% per annum on simple interest . At the end of a year , he received equal interest in all three cases . The amount invested at 6% is
(a)Rs.2,000
(b)Rs.3,000
(c)Rs.4,000
(d)Rs.5,000
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Answer: A
2. A sum of Rs.27000 is divided into two parts A and B such that the simple interest at the rate of 15% per annum on A and B after two years and four years respectively is equal . The total interest (in Rs.) received together from A and B is
(a)Rs.5,400
(b)Rs.9,600
(c)Rs.18,000
(d)Rs.10,800
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Answer: D
3. Rs.8680 distributed among three friends if they pay equal interest after 5 years , 10 years and 20 years respectively at the rate of 12% per annum simple interest , then how much money each get?
(a)4960 , 2480 , 1240
(b)5000 , 2500 , 1180
(c)4850 , 2315 , 1515
(d)4000 , 3000 , 1680
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Answer: A
4. A sum of Rs.5000 is divided into two parts such that the simple interest on the first part for 4 1/5 years at 6 2/3 % p.a. is double the simple interest on the second part for 2 ¾ years at 4% p.a. The ratio of the second part to the first part is:
(a)11 : 14
(b)11 : 13
(c)14 : 11
(d)13 : 11
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Answer: C
5. A sum of Rs.50,250 is divided into two parts such that the simple interest on the first part for 7 ½ years at 8 1/3 % p.a. is 5/2 times the simple interest on the second part for 5 ¼ years at 8% p.a. What is the difference (in Rs.) between the two parts?
(a)10,275
(b)12,750
(c)12,570
(d)15,270
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Answer: B
6. A sum of Rs.5000 is divided into two parts such that the simple interest on the first part for 4 1/5 years at 6 2/3 % p.a. is double the simple interest on the second part for 2 ¾ years at 4% p.a. what is the difference between the two parts ?
(a)Rs.680
(b)Rs.600
(c)Rs.560
(d)Rs.620
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Answer: B
7. If the amount obtained by A by investing Rs.9100 for the three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five years at a rate of 8% p.a. on simple interest , then 90% of the sum invested by B (in Rs.) is:
(a)7,800
(b)7,605
(c)8,540
(d)8,450
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Answer: B
8. Rs.21750 is invested by a person in the bank account of his two sons whose ages are 9 years and 13 years in such a way that they will get equal amount at an age of 21 years at the rate of 4.5% per annum . Find the share of younger child .
(a)Rs.10,200
(b)Rs.11,550
(c)Rs.9,900
(d)Rs.11,475
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Answer: A
9. A sum of Rs.23,790 is divided into three parts and given on loan at 5% simple interest to A , B and C 2 , 3 and 4 years respectively . If the amount of all three are equal after their respective periods of loan , then A received a loan of :
(a)Rs.9,150
(b)Rs.8,280
(c)Rs.8,250
(d)Rs.8,400
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Answer: B
10. A person deposited certain money at the starting of each year , if rate of interest is 13% per annum . At the end of 3rd year , the total amount is Rs.24948 . Then find how much money he deposited each year
(a)Rs.6400
(b)Rs.6600
(c)Rs.6200
(d)Rs.6300
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Answer: B