SIMPLE INTEREST MCQ SET 6
1. After certain time ratio of principle and amount is 4 : 5 after 3 years their ratio become 5 : 7 . Find rate of interest .
(a)5%
(b)8%
(c)10%
(d)12%
Answer: A
2. If the ratio of principal and amount in current year at simple interest is 9 : 17 and after 27.5 more years this ratio will become 15 : 43 . Find the rate of simple interest?
(a)3 5/9%
(b)4 4/9%
(c)3 1/3%
(d)3%
Answer: A
3. A person invest a certain sum of money at a certain rate of interest for 4 years . If the rate of interest was 5% less , then he got Rs.400 less . Find the sum.
(a)Rs.4000
(b)Rs.2000
(c)Rs.1000
(d)Rs.3000
Answer: B
4. A person invest a certain sum of money at a certain rate of interestย for 6 years . If the rate of interest was 4% p.a. more then he got Rs.960 more , then find the sum .
(a)Rs.1000
(b)Rs.6000
(c)Rs.4000
(d)Rs.7000
Answer: C
5. An amount of P was put at a certain rate for 4 years . If it had been put a 6% higher rate for the same period , it would have fetched Rs.600 more interest . What would be the value of 2.5P?
(a)Rs.3,750
(b)Rs.6,250
(c)Rs.4,850
(d)Rs.2,500
Answer: B
6. If the annual rate of simple interest increase from 11% to 17 ยฝ% , a personโs yearly income increase by 1,071.20 . The principal amount invested (in Rs.) is:
(a)Rs.17,250
(b)Rs.19,120
(c)Rs.10,710
(d)Rs.16,480
Answer: D
7. If the annual rate of simple interest increase from 11% to 17 ยฝ% , a personโs yearly income increase by 1,071.20 . The simple interest (in Rs.) on the sum at 10% for 5 years is :-
(a)Rs.16,480
(b)Rs.9,120
(c)Rs.8,240
(d)Rs.7,250
ย Answer: C
8. Rs.8,800 becomes Rs.12,000 at a rate of interest in 4 years . If the rate of interest would be 3% more , then find the amount at the end of 7 years .
(a)Rs.14,120
(b)Rs.15,456
(c)Rs.16,248
(d)Rs.17,424
Answer: C
9. Rs.1120 becomes Rs.1792 at a certain rate of simple interest in 8 years . If rate of interest simple interest in 8 years . If rate of interest would be 4% less , then find the amount at the end of 10 years .
(a)Rs.1512
(b)Rs.1601.60
(c)Rs.1572
(d)Rs.1448
Answer: A
10. At the rate of 8% the amount invested earns a simple interest of Rs.240 after 3 years . If the rate of interest been 5% more , then how much more interest would it have earned?
(a)Rs.105
(b)Rs.180
(c)Rs.150
(d)Rs.135
Answer: C
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