SIMPLE INTEREST MCQ SET 3
1. A borrows a sum of Rs.90,000 for 4 years at 5% simple interest . He lends it to B at 7% for 4 years at simple interest . What is his gain (in Rs.) ?
(a)8,000
(b)7,200
(c)7,500
(d)9,000
Answer: B
2. A certain sum amounts to Rs.12,096 at 8% p.a. in 5 ยฝ years at simple interest . What will be the simple interest on the same sum at 10% p.a. in 8 years .
(a)Rs.6770
(b)Rs.6810
(c)Rs.6680
(d)Rs.6720
Answer: D
3. A sum of Rs.10,500 to Rs.13,825 in 3 4/5 years at a certain rate percent per annum simple interest . What will be the simple interest on the same sum for 5 years at double the earlier rate ?
(a)Rs.8,470
(b)Rs.8,750
(c)Rs.8,670
(d)Rs.8,560
Answer: B
4. A sum of Rs.8,400 amounts to Rs.11,046 at 8.75% p.a. simple interest in a certain time . What will be the simple interest (in Rs.) on a sum of Rs.10,800 at the same rate for the same time?
(a)3402
(b)3204
(c)3024
(d)3420
Answer: A
5. A sum of Rs.8400 amounts to Rs.11,046 at 8.75% p.a. simple interest in a certain time . What is the simple interest on the sum of Rs.9600 at the same rate for the same time ?
(a)Rs.2990
(b)Rs.3012
(c)Rs.2686
(d)Rs.3024
Answer: D
6. If Rs.72 amounts to Rs.104.4 in 3 years , what will Rs.120 amount to in 5 years at the same rate percent per annum ?
(a)Rs.450
(b)Rs.330
(c)Rs.210
(d)Rs.215
Answer: C
7. At simple interest a sum of Rs.6400 becomes Rs.8320 in 3 years . What amount will Rs.7200 become in 5 years at the same rate ?
(a)Rs.10,200
(b)Rs.10,600
(c)Rs.10,800
(d)Rs.10,400
ย Answer: C
8. The simple interest at the end of 3 years on a sum of Rs.2000 is Rs.300 . What will be the simple interest on Rs.6000 for the same period at the same rate?
(a)Rs.600
(b)Rs.400
(c)Rs.900
(d)Rs.800
Answer: C
9. The simple interest at the end of 5.1 years on a sum of Rs.4500 is Rs.175 . What will be the simple interest on Rs.9000 for the same period at the same rate?
(a)Rs.650
(b)Rs.350
(c)Rs.950
(d)Rs.800
Answer: B
10. The simple interest at the end of 3 years at certain rate per annum on a sum of Rs.500 is Rs.100 . What will be the simple interest on Rs.500 for the same period at the double rate?
(a)Rs.100
(b)Rs.300
(c)Rs.200
(d)Rs.50
Answer: C
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