SIMPLE INTEREST MCQ SET 7
1. The rate of simple interest per annum of bank being increased from 10.5% to 18% and time duration is also increased from 4.5 years to 7 years . The total simple interest was increased by Rs.1250 . Find the increased simple interest .
(a)Rs.1600
(b)Rs.1250
(c)Rs.2000
(d)Rs.2400
Answer: C
2. A sum lent out at simple interest amounts to Rs.6076 in 1 year and Rs.7504 in 4 years . The sum and the rate of interest p.a. are respectively :
(a)Rs.5600 and 9%
(b)Rs.5600and 8.5%
(c)Rs.5400 and 9%
(d)Rs.5400 and 10%
Answer: B
3. A sum of money at simple interest amounts to Rs.6,000 in 4 years and to Rs.6,750 in 7 years at the same rate per cent p.a. of interest . The sum (in.) is:
(a)5,100
(b)4,800
(c)4,000
(d)5,000
Answer: D
4. If a sum of money becomes Rs.6,000 in 3 years and Rs.10,500 in 7 years and 6 months at the same rate of simple interest , then what is the rate of interest?
(a)33 1/3%
(b)25 ยฝ%
(c)45 2/3%
(d)66 1/3%
Answer: A
5. A sum of money lent at simple interest amounts to Rs.9,920 after 2 years and to Rs.12,800 after 5 years . Find the rate of interest per annum .
(a)12%
(b)6.57%
(c)18%
(d)9.68%
Answer: A
6. A sum of money at a fixed rate of simple interest amounts to Rs.1,630 in 3 years and to Rs.1,708 in 4 years . Find the sum (in Rs.) .
(a)1132
(b)1296
(c)1396
(d)1448
Answer: C
7. A sum amounts to Rs.7,656 in 4 years and to Rs.8,120 in 5 years at a certain simple interest rate per cent per annum . The rate of interest is:
(a)4%
(b)3%
(c)7%
(d)8%
ย Answer: D
8. A sum of money invested at a certain rate of simple interest per annum amounts to Rs.14,522 in seven years and to Rs.18,906 in eleven years . Find the sum invested (in Rs.) .
(a)6850
(b)6900
(c)6800
(d)6750
Answer: A
9. A sum at a certain rate of simple interest becomes Rs.14880 after 3 years and Rs,16800 after 5 years . Find the simple interest on the same sum at 10% per annum for 4 years (in Rs.) .
(a)4740
(b)4800
(c)4860
(d)5184
Answer: B
10. A certain sum amounts to Rs.400 after 5 years and to Rs.6,000 after 8 years at the same rate of simple interest per annum . What will be the simple interest on a sum of Rs.8,500 for 6 ยฝ years at the same rate?
(a)Rs.11,375
(b)Rs.11,460
(c)Rs.10,215
(d)Rs.10,515
Answer: A
Leave a Reply