Simple Interest MCQ Set 7

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

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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%

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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

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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 ½%

(c)45 2/3%

(d)66 1/3%

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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%

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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

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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%

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 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

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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

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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 ½ years at the same rate?

(a)Rs.11,375

(b)Rs.11,460

(c)Rs.10,215

(d)Rs.10,515

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Answer: A