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Arithmetic Aptitude :: Simple Interest

  1. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:

  2. A.

    Rs. 2000

    B.

    Rs. 10,000

    C.

    Rs. 15,000

    D.
    Rs. 20,000

  3. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

  4. A.

    5%

    B.

    8%

    C.

    12%

    D.

    15%


  5. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

  6. A.

    1 : 3

    B.

    1 : 4

    C.

    2 : 3

    D.

    Data inadequate

    E.

    None of these


  7. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

  8. A.

    Rs. 35

    B.

    Rs. 245

    C.

    Rs. 350

    D.

    Cannot be determined

    E.

    None of these


  9. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6\( \frac { 1 } { 4 } \)% p.a for 2 years. Find his gain in the transaction per year.

  10. A.

    Rs. 112.50

    B.

    Rs. 125

    C.

    Rs. 150

    D.

    Rs. 167.50