Interest – Set 2 January 26, 2025 by aasi 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 Interest – Set 2 Dear ! This is Interest – Set 2 Quiz and it contains 50 questions. Keep Learning! 1 / 50 1) A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 3 months. The rate of interest per annum is = ? 7% 9% 3% 5% 2 / 50 2) A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is = ? 6 : 3 : 2 4 : 4 : 2 7 : 3 : 3 5 : 7 : 2 3 / 50 3) Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be = ? Rs. 8250 Rs. 8000 Rs. 9000 Rs. 9250 4 / 50 4) Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was Rs. 20000, what was the total amount received on maturity from both the schemes? Rs. 50800 Rs. 51800 Rs. 53800 Rs. 52800 5 / 50 5) What annual installment will discharge a debt of Rs. 6450 due in 4 years at 5% simple interest = ? Rs. 1900 Rs. 1500 Rs. 1000 Rs. 1800 6 / 50 6) The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs.1536. what amount of simple interest would one get if one invests Rs.1000 more than the previous principal for 2 years and at the same rate p.c.p.a. ? Rs. 1536 None of these Rs. 1336 Rs. 1236 7 / 50 7) Veena obtained an amount of Rs. 8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. what is the amount invested by veena? Rs. 17550 Rs. 17350 Rs. 17250 Rs. 17450 8 / 50 8) Jhon invested a sum of money at an annual simple interest rate of 10%. At the end of four years the amount invested plus interest earned was Rs. 770. The amount invested was = ? Rs. 560 Rs. 550 Rs. 565 Rs. 555 9 / 50 9) In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ? 5 years 6 years 4 years 3.5 years 10 / 50 10) At what rate percent per annum will the simple interest on a sum of money be 2/5 25“>of the principal amount in 10 years ? 4% 8% 7% 6% 11 / 50 11) Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow? Rs. 9000 Rs. 8000 Rs. 6000 Rs. 7000 12 / 50 12) A sum of money becomes 7/6 76“>of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is ? 5.6% 7% 6.5% 7.5% 13 / 50 13) A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double itself at the same rate of simple interest ? 7 years 10 years 11 years 9 years 14 / 50 14) A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4% to 3.75% diminishes his net yearly income by Rs. 48. What is his capital ? Rs. 40000 Rs. 30000 Rs. 50000 Rs. 20000 15 / 50 15) Rs. 6200 amounts to Rs. 9176 in 4 years at simple interest. If the interest rate is increased by 3% it would amount to how much? Rs. 6920 Rs. 9920 Rs. 7920 Rs. 8920 16 / 50 16) How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? 2 years 3 years 4 years 1 years 17 / 50 17) A sum of Rs. 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs. 300. The ratio of money lent at 5% to that at 8% is = ? 16 : 15 11 : 10 13 : 16 12 : 14 18 / 50 18) A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs. 24 more interest. The sum of money is ? Rs. 1100 Rs. 1300 Rs. 1200 Rs. 1400 19 / 50 19) Kruti took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs. 8190 as interest at the end of 3 years, what was her loan amount ? Rs. 3600 Rs. 36400 None of these Rs. 36800 20 / 50 20) What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest? Rs. 500 Rs. 700 Rs. 600 Rs. 400 21 / 50 21) Simple interest on Rs. 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs. 400 at 5% per annum for a certain period of time. The period of time is = ? 6.25 8.25 5.25 7.25 22 / 50 22) 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 as interest. The rate of interest per annum is = ? 15% 20% 10% 5% 23 / 50 23) A sum of money at simple interest doubles in 7 years. It will become four times in? 21 years 19 years 22 years 20 years 24 / 50 24) Rs. 1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2000 after = ? 14.4 16.7 15.5 13.3 25 / 50 25) At what rate of simple interest per annum can an amount of Rs. 1553.40 be obtained on the principal amount of Rs. 8630 after 3 years? 6 p.c.p.a 9 p.c.p.a 5 p.c.p.a None of these 26 / 50 26) An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes? 10.25% 11.25% 14.25% 13.25% 27 / 50 27) A man invests half of his capital at the rate of 10% per annum, one – third at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets is = ? 9% 10% 8% 11% 28 / 50 28) The population of a village decreases at the rate of 20% per annum. If its population 2 years ago was 10000, the present population is = ? 6200 6000 6400 6800 29 / 50 29) The simple interest on a sum of money is 1/4 of the principal and the number of years is equal to rate percent per annum. The rate percent is = ? 8% 3% 5% 7% 30 / 50 30) In a certain time, the ratio of a certain principal and interest obtained from it are in the ratio 10 : 3 at 10% interest per annum. The number of years for which the money was invested is = ? 4 year 1 year 3 year 2 year 31 / 50 31) A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs.1020 after a further period of 5 years. The sum is? Rs. 600 Rs. 1000 Rs. 400 Rs. 800 32 / 50 32) The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is ? 0.3% 0.1% 0.2% 0.4% 33 / 50 33) If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after = ? 30 years 10 years 20 years 40 years 34 / 50 34) Deepak invested an amount of Rs. 21250 for 6 years. At what rate of simple interest will be obtain the total amount of Rs. 26350 at the end of 6 years? 7 p.c.p.a None of these 6 p.c.p.a 8 p.c.p.a 35 / 50 35) A sum of money becomes Rs. 20925 in 2 years and Rs. 24412.50 in 5 years. Find the rate of interest and the sum of money? 8%, Rs. 17560 6.75%, Rs. 17775 7%, Rs. 18000 6.25%, Rs. 18600 36 / 50 36) A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is? Rs. 650 Rs. 688 Rs. 658 Rs. 698 37 / 50 37) In how many years will a sum of money double itself at 18.75% per annum simple interest? 6 year 5 months 6 years 2 months 4 years 5 months 5 years 4 months 38 / 50 38) Asmita invest an amount of Rs. 9534 @ 4 p.c.p.a to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum? 1 years 7 years 10 years 5 years 39 / 50 39) Ram borrows Rs. 520 from Gaurav at a simple interest of 13% per annum. What amount of money should Ram pay to Gaurav after 6 months to be absolved of the debt? Rs. 453.80 Rs. 353.80 Rs. 553.80 Rs. 653.80 40 / 50 40) The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of interest the same account of interest can be received on the same sum after 5 years? 9% 8% 5% 7% 41 / 50 41) If simple interest on Rs. 600 for 4 years and on Rs. 600 for 2 years combined together is Rs.180, find the rate of interest? 6% 9% 5% 7% 42 / 50 42) What equal installment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4% per annum simple interest ? Rs. 200 Rs. 300 Rs. 100 Rs. 400 43 / 50 43) The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is? Rs. 8000 Date inadequate Rs. 9000 Rs. 7000 44 / 50 44) Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ? Rs. 2000 Rs. 1000 Rs. 3000 Rs. 4000 45 / 50 45) A person borrows some money for 5 years and ratio of loan amount : total interest amount is 5 : 2. Then find the ratio of loan amount : interest rate is equal to = ? 45 : 2 35 : 2 15 : 2 25 : 2 46 / 50 46) With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is = ? 9% 7% 6% 5% 47 / 50 47) If x, y, z are three sums of money such that y is the simple interest on x, z is the simple interest on y for the same time and at the same rate of interest, then we have? z2 = xy xyz = 1 x2 = yz y2 = xz 48 / 50 48) A sum of money at a certain rate per annum of simple interest doubles in the 5 years and at a different rate becomes three times in 12 years. The lower rate of interest per annum is = ? 16.7 15.6 18.5 17.6 49 / 50 49) A sum of Rs. 1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. The interest on each part ( in Rupees) is ? Rs. 30 Rs. 60 Rs. 40 Rs. 20 50 / 50 50) The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly is = ? 12.09% 3.09% 9.09% 6.09% Your score isThe average score is 0%🎉 Challenge alert! 💡 Share this quiz with your friends and see who scores the highest! 🏆🤩🔥 LinkedIn Facebook Follow Us @ 0% Restart quiz Exit We’d love to hear your thoughts! 📝 Share your valuable review with us. 🙌 🌟 Thank you for your support! Your feedback means the world to us. 🙏💖 Send feedback
