Simple Interest MCQ Set 6

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%

Show Answer

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%

Show Answer

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

Show Answer

Answer: B

4. A person invest a certain sum of money at a certain rate of interest  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

Show Answer

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

Show Answer

Answer: B

6. If the annual rate of simple interest increase from 11% to 17 ½% , a person’s 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

Show Answer

Answer: D

7. If the annual rate of simple interest increase from 11% to 17 ½% , a person’s 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

Show Answer

 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

Show Answer

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

Show Answer

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

Show Answer

Answer: C