7th Class Mental Ability Related to Competitive Exam Question Bank

done Simple Interest Total Questions - 40

• question_answer1)
  Nitya deposited \[Rs.\] 1200 in a savings bank. The bank offered 12% simple interest per annum. How much interest does Nitya earn in 5 years?
  A)
   \[\text{Rs}\text{.}\]680                       done clear
  B)
   \[\text{Rs}\text{.}\] 960      done clear
  C)
                 \[\text{Rs}\text{.}\] 720          done clear
  D)
     \[\text{Rs}\text{.}\] 840                      done clear
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• question_answer2)
  Krishna borrowed \[\text{Rs}\text{.}\]6800 for 3 years from a co-operative society. If he was charged simple interest at the rate of \[12\frac{1}{2}%\] per annum, what amount did he pay back?
  A)
   \[\text{Rs}\text{.}\] 10600    done clear
  B)
     \[\text{Rs}\text{.}\] 12160    done clear
  C)
                 \[\text{Rs}\text{.}\] 11250  done clear
  D)
                 \[\text{Rs}\text{.}\]9350         done clear
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• question_answer3)
  Venu borrowed \[\text{Rs}\]1500 at the rate of 11% p.a .for\[2\frac{1}{2}\], years. What amount of money should he pay back after \[2\frac{1}{2}\] years?
  A)
   \[\text{Rs}\] 1912.50     done clear
  B)
               \[\text{Rs}\] 1820.50 done clear
  C)
   \[\text{Rs}\] 2135.50     done clear
  D)
                 \[\text{Rs}\]2260.50 done clear
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• question_answer4)
  Anil deposited some money in a savings account. He got \[\text{Rs}\] 120 as simple interest after 5 years. If the interest was calculated at the rate of 3% p.a., what was the amount that he deposited?
  A)
   \[\text{Rs}\]900          done clear
  B)
     \[\text{Rs}\]800          done clear
  C)
   \[\text{Rs}\]600          done clear
  D)
   \[\text{Rs}\] 200         done clear
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• question_answer5)
  A bank gave Raju a loan of \[\text{Rs}\]12000. He paid back the money along with a simple interest in 12 months. If the bank got an interest of \[\text{Rs}\] 1920, at what rate was the charged by the bank?
  A)
   13%                done clear
  B)
     14%                done clear
  C)
     16%                done clear
  D)
     15%    done clear
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• question_answer6)
  Keshav deposited \[\text{Rs}\] 600 with a co-operative society. After now long does the money yield a simple interest of \[\text{Rs}\] 48 at the rate of 8% p.a.?
  A)
   \[2\frac{1}{2}\]Years             done clear
  B)
     1 year             done clear
  C)
     \[1\frac{1}{2}\] Year             done clear
  D)
     2 years                        done clear
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• question_answer7)
  What sum will amount to \[\text{Rs}.\] 1199 in 3 years at \[12\frac{1}{2}%\] per annum simple interest?
  A)
   \[\text{Rs}.\] 650      done clear
  B)
                 \[\text{Rs}.\] 425       done clear
  C)
     \[\text{Rs}.\] 535        done clear
  D)
                 \[\text{Rs}.\] 872 done clear
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• question_answer8)
  The simple interest on a certain sum is \[\frac{9}{25}\] of the sum. Find the rate per cent and the time if both are numerically equal.
  A)
   6 %, 6 years     done clear
  B)
                 5 %, 5 years done clear
  C)
   4 %, 4 years     done clear
  D)
              36 %, 36 years done clear
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• question_answer9)
  A merchant borrows a certain amount from a money-lender, on 5-6-2003 and returns the money on 14-8-2003. For how many days, will he have to pay interest?
  A)
   65 days           done clear
  B)
     70 days           done clear
  C)
   78 days           done clear
  D)
   86 days                       done clear
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• question_answer10)
  The simple interest on a certain sum for 3 years at 8% per annum is \[\text{Rs}.\] 120 more than the simple interest on the same sum for 2 years at 9% per annum. Find the sum.
  A)
   \[\text{Rs}.\] 2400     done clear
  B)
                             \[\text{Rs}.\] 1500     done clear
  C)
   \[\text{Rs}.\] 2000      done clear
  D)
     \[\text{Rs}.\] 3000                  done clear
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• question_answer11)
  Find the simple interest for \[\text{Rs}.\] 803 for 186 days at. \[8\frac{1}{3}%\] .
  A)
   \[\text{Rs}.\]78.50    done clear
  B)
                 \[\text{Rs}.\] 34.10      done clear
  C)
                 \[\text{Rs}.\] 96.60   done clear
  D)
                 \[\text{Rs}.\] 68.70                 done clear
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• question_answer12)
  If the simple interest on a certain sum of money for 6 years is three-fifth of the sum, find the rate of interest per annum.
  A)
   12%                done clear
  B)
     10%                done clear
  C)
     14%                done clear
  D)
     15%                done clear
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• question_answer13)
  Hemanth borrowed \[\text{Rs}.\] 50000 at 12% per annum from a money-lender. At the end of 3 years, he cleared the account by paying \[\text{Rs}.\] 40000 and a gold ring. Find the cost of the ring.
  A)
   \[\text{Rs}.\] 40000    done clear
  B)
                 \[\text{Rs}.\] 28000    done clear
  C)
                 \[\text{Rs}.\] 18000    done clear
  D)
     \[\text{Rs}.\] 68000    done clear
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• question_answer14)
  In what time would a sum double itself at 5% simple interest?
  A)
   15 years          done clear
  B)
     18 years          done clear
  C)
     20 years          done clear
  D)
     10 years                      done clear
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• question_answer15)
  Vikram borrowed \[\text{Rs}.\]2800 from a bank for \[2\frac{1}{2}\] years on simple interest. The amount he repaid was \[\text{Rs}.\] 3430. Find the amount of the loan in 8 months.
  A)
   \[\text{Rs}.\] 2968     done clear
  B)
                 \[\text{Rs}.\] 2868     done clear
  C)
                 \[\text{Rs}.\] 2698      done clear
  D)
     \[\text{Rs}.\] 2958      done clear
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• question_answer16)
  Find the simple interest on \[\text{Rs}.\] 10000 from March 9, 2012 to May 21, 2012 at \[7\frac{1}{2}%\] per annum.
  A)
   \[\text{Rs}.\] 120      done clear
  B)
                 \[\text{Rs}.\]130         done clear
  C)
     \[\text{Rs}.\] 140        done clear
  D)
     \[\text{Rs}.\] 150                    done clear
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• question_answer17)
  If the amount on a certain sum at the rate of 9% per annum after 4 years is \[\text{Rs}.\] 3400, find the principal.
  A)
   \[\text{Rs}.\] 2500     done clear
  B)
                 \[\text{Rs}.\] 2800     done clear
  C)
                 \[\text{Rs}.\] 2650      done clear
  D)
     \[\text{Rs}.\] 2400                  done clear
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• question_answer18)
  At what rate percent per annum will a sum treble itself in 16 years?
  A)
   12.5%             done clear
  B)
     14%                done clear
  C)
     15%                done clear
  D)
     13.5%             done clear
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• question_answer19)
  In how many years, will \[\text{Rs}.\] 150 yield the same interest at 8 % as \[\text{Rs}.\] 800 would in 3 years @\[4\frac{1}{2}%\]?
  A)
   6 years            done clear
  B)
     8 years            done clear
  C)
   9 years            done clear
  D)
     12 years                      done clear
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• question_answer20)
  In what time will the simple interest on a certain sum become 0.75 times the principal at 7.5% per annum?
  A)
   12 years          done clear
  B)
     10 years          done clear
  C)
     8 years            done clear
  D)
     9 years                        done clear
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• question_answer21)
  On a certain sum, the simple interest at x % for x years is \[\text{Rs}.\] x. Find the sum.
  A)
   \[\text{Rs}.\] X            done clear
  B)
     \[\text{Rs}.\]\[\left( \frac{100}{X} \right)\]     done clear
  C)
   \[\text{Rs}.\]100 X      done clear
  D)
     \[\left( \frac{100}{{{X}^{2}}} \right)\]                   done clear
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• question_answer22)
  Find the simple interest on \[\text{Rs}.\] 8250 at 14% per annum for the period from Dec. 29, 2012 to May 22, 2013.
  A)
   \[\text{Rs}.\]46           done clear
  B)
     \[\text{Rs}.\]1800     done clear
  C)
                 \[\text{Rs}.\] 362       done clear
  D)
                 \[\text{Rs}.\] 462                    done clear
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• question_answer23)
  Mr. Agarwal lent \[\text{Rs}.\] 30000 for 4 years and \[\text{Rs}.\]20000 for 2 years, both at the same rate of interest. If Mr. Agarwal gets \[\text{Rs}.\] 9600 as the interest against the above investments, find the rate of interest.
  A)
   6%                  done clear
  B)
     3%                  done clear
  C)
     4%                  done clear
  D)
     5%                              done clear
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• question_answer24)
  A certain sum of money lent at S.I. amounts to Rs. 1380 in 3 years and to Rs. 1500 in 5 years. Find the sum.
  A)
   Rs. 1360     done clear
  B)
                 Rs.  1380     done clear
  C)
     Rs. 1200         done clear
  D)
     Rs. 1560                     done clear
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• question_answer25)
  At what rate per cent per annum will Rs. 1650 amount to Rs. 2343 in \[3\frac{1}{2}\] years?
  A)
   12%                done clear
  B)
     12.6%             done clear
  C)
     13%                done clear
  D)
     15%                done clear
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• question_answer26)
  Find the simple interest on Rs. 3000 at  \[17\frac{1}{2}%\] per annum for \[1\frac{1}{2}\] years.
  A)
   Rs. 600           done clear
  B)
     Rs. 800      done clear
  C)
                 Rs. 880           done clear
  D)
     Rs. 780                       done clear
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• question_answer27)
  In what time will Rs. 9200 amount to Rs. 9700 at \[6\frac{1}{2}%\] p.a.?
  A)
   \[2\frac{3}{4}\] years            done clear
  B)
     \[2\frac{1}{2}\] years            done clear
  C)
     \[2\frac{1}{4}\] years            done clear
  D)
     2 years                        done clear
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• question_answer28)
  Find the principal that amounts to Rs. 2360 in 6 years at 3% per annum.
  A)
   Rs. 1000     done clear
  B)
                 Rs. 2000     done clear
  C)
                 Rs. 3000         done clear
  D)
                 Rs. 4000                     done clear
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• question_answer29)
  A sum of Rs. 10000 was borrowed for 5 years at 4% p.a. simple interest. After 3 years a sum of Rs. 6200 was returned towards the loan and interest accumulated till then. How much money should be paid two years later for settling the loan?
  A)
   Rs. 5400     done clear
  B)
                 Rs. 5500     done clear
  C)
     Rs. 3000                     done clear
  D)
   Rs. 4800                     done clear
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• question_answer30)
  Find the rate of simple interest per annum, at which a sum borrowed becomes double in 5 years.
  A)
   25 %               done clear
  B)
     36 %               done clear
  C)
     15 %               done clear
  D)
     20 %   done clear
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• question_answer31)
  A lent Rs.  5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. Find the rate of interest per annum.
  A)
   5%                  done clear
  B)
     7%                  done clear
  C)
   \[7\frac{1}{8}%\]      done clear
  D)
   10%                done clear
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• question_answer32)
  The simple interest on a certain amount is \[\frac{9}{16}\]of the principal. If the numbers representing the rate of interest in percent and time in years are equal, find the time.
  A)
   \[5\frac{1}{2}\] years            done clear
  B)
     \[6\frac{1}{2}\] years            done clear
  C)
   7 years            done clear
  D)
     \[7\frac{1}{2}\] years done clear
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• question_answer33)
  A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?
  A)
   10%                done clear
  B)
     20%                done clear
  C)
   30%                done clear
  D)
     40%                done clear
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• question_answer34)
  Find the amount to be repaid after 3 years on a loan of Rs.9300 at 6 % p.a.
  A)
   Rs. 10974    done clear
  B)
                 Rs. 16740    done clear
  C)
                 Rs. 10947       done clear
  D)
     Rs. 10847       done clear
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• question_answer35)
  When my daughter was born, I have deposited an amount of Rs. 8000 at a rate of 5% per annum. At what age of my daughter will I get the amount double the principal?
  A)
   20 years          done clear
  B)
     19 years          done clear
  C)
     22 years          done clear
  D)
     30 years          done clear
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• question_answer36)
  Madhu borrowed Rs. 200 at 12% simple interest for one year. If he makes no payments that year, how much interest will he owe at the end of the year?
  A)
   Rs. 6.00          done clear
  B)
     Rs. 12.00     done clear
  C)
                 Rs. 22.40        done clear
  D)
     Rs.  24.00                   done clear
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• question_answer37)
  If the annual rate of simple interest increases from 10 % to\[12\frac{1}{2}%\], a man's yearly income increases by Rs. 1250. What is the principal?
  A)
   45000             done clear
  B)
     50000             done clear
  C)
   24000             done clear
  D)
     65000             done clear
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• question_answer38)
  A person borrow 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
  A)
   Rs. 112.50      done clear
  B)
                 Rs. 135.50 done clear
  C)
   Rs. 175.50      done clear
  D)
     Rs. 200.50      done clear
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• question_answer39)
  A certain amount earns a simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
  A)
   Rs. 2535         done clear
  B)
     Rs. 840           done clear
  C)
   Rs. 120           done clear
  D)
     Cannot be determined done clear
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• question_answer40)
  A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all the three cases. Find the money invested at 4%.
  A)
   Rs. 200           done clear
  B)
     Rs. 600           done clear
  C)
   Rs. 800           done clear
  D)
     Rs. 1200 done clear
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