Simple Interest MCQ Set 8
SIMPLE INTEREST MCQ SET 8
1. A sum of Rs.3500 is lent out at simple interest in two parts . One part at the annual rate of 7 percent and another part at – the annual rate of 5 percent . If the total annual interest in Rs.210 , then what is the sum lent out at the rate of 7 percent?
(a)Rs.1750
(b)Rs.2000
(c)Rs.1500
(d)Rs.2250
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Answer: A
2. A sum of Rs.25600 is invested on simple interest partly at 7% per annum and the remaining at 9% per annum . The total interest at the end of 3 years is Rs.5832 . How much money (in Rs.) was invested at 9% per annum?
(a)18000
(b)7600
(c)9600
(d)16000
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Answer: B
3. Rajesh invested Rs.10,000 by dividing it into two different investment schemes , A and B , at simple interest rates of 8% and 10% , respectively . If the total interest earned in years is Rs.840 , the amount invested in Scheme A is:
(a)Rs.4,000
(b)Rs.2,000
(c)Rs.6,000
(d)Rs.8,000
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Answer: D
4. A man invests a total sum of Rs.10,000 in a company . A part of the sum was invested at 10% simple interest per annum and the remaining part at 15% simple interest per annum . If the total interest accrued to him in two years equals Rs.2,400 , the sum invested at 15% simple interest per annum is:
(a)Rs.8,000
(b)Rs.4,000
(c)Rs.6,000
(d)Rs.5,000
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Answer: B
5. A sum of Rs.15,600 is invested partly at 7% per annum and the remaining at 9% per annum simple interest . If the total interest at the end of 3 years is Rs.3738 , how much money was invested at 7% per annum?
(a)Rs.7,800
(b)Rs.7,900
(c)Rs.7,600
(d)Rs.7,700
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Answer: B
6. A man has Rs.10,000 . He lent a part of it at 15% simple interest and the remaining at 10% simple interest . The total interest he received after 5 years amount to Rs.6,500 . The difference between the parts of the amounts he lent is :
(a)Rs.2,000
(b)Rs.2,500
(c)Rs.1,500
(d)Rs.1,750
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Answer: A
7. A man deposited Rs.1850 in a bank at 7% per annum and Rs.2150 in another bank at 9% per annum . Find the rate of interest for the whole sum:
(a)8.133%
(b)8.075%
(c)8.25%
(d)8.375%
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Answer: B
8. Ramesh borrowed some money at rate of 5% per annum for the first four year , 8% per annum for the next six years and 12% per annum for the period beyond ten years . If the total interest paid by him at the end of twelve years is Rs.9,016 , then find the money borrowed by Ramesh .
(a)Rs.9,800
(b)Rs.9.616
(c)Rs.9,816
(d)Rs.9,016
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Answer: A
9. Ravi borrowed some money at the rate of 5% per annum for the first three year , 8% per annum for the next two years , and 10% per annum for the period beyond 5 years . If he paid a total simple interest of Rs.12,750 at the end of 7 years , then how much money did he borrow?
(a)Rs.25,000
(b)Rs.26000
(c)Rs.27000
(d)Rs.24000
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Answer: A
10. A certain sum is lent at 4% p.a. for 3 years , 8% p.a. for next 4 years and 12% p.a. beyond 7 years for a period of 11 years the simple interest obtained is Rs.27,600 , then the sum is (in Rs.) :
(a)Rs.27,000
(b)Rs.25,000
(c)Rs.30,000
(d)Rs.32,000
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Answer: C