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) 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. 7920 Rs. 6920 Rs. 9920 Rs. 8920 2 / 50 2) 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. 17350 Rs. 17250 Rs. 17450 Rs. 17550 3 / 50 3) 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 None of these 9 p.c.p.a 5 p.c.p.a 4 / 50 4) 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. 9250 Rs. 9000 Rs. 8000 Rs. 8250 5 / 50 5) 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 Rs. 1236 Rs. 1336 None of these 6 / 50 6) 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 ? 9 years 11 years 10 years 7 years 7 / 50 7) 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 = ? 3% 8% 5% 7% 8 / 50 8) 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 = ? 3% 9% 7% 5% 9 / 50 9) 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% 13.25% 14.25% 10 / 50 10) 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? 5% 7% 9% 6% 11 / 50 11) 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 13 : 16 12 : 14 11 : 10 12 / 50 12) In how many years will a sum of money double itself at 18.75% per annum simple interest? 5 years 4 months 6 years 2 months 6 year 5 months 4 years 5 months 13 / 50 13) 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 = ? 3 year 1 year 4 year 2 year 14 / 50 14) The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is? Date inadequate Rs. 9000 Rs. 8000 Rs. 7000 15 / 50 15) 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. 553.80 Rs. 353.80 Rs. 653.80 16 / 50 16) 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 = ? 5.25 7.25 8.25 6.25 17 / 50 17) 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. 555 Rs. 550 Rs. 565 18 / 50 18) 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? y2 = xz xyz = 1 z2 = xy x2 = yz 19 / 50 19) 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? 7 years 1 years 5 years 10 years 20 / 50 20) 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 ? 7% 4% 6% 8% 21 / 50 21) 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? 6 p.c.p.a None of these 8 p.c.p.a 7 p.c.p.a 22 / 50 22) 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. 20000 Rs. 50000 23 / 50 23) 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. 52800 Rs. 53800 Rs. 50800 Rs. 51800 24 / 50 24) 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. 800 Rs. 400 Rs. 1000 Rs. 600 25 / 50 25) 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 = ? 10% 20% 15% 5% 26 / 50 26) If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after = ? 20 years 30 years 10 years 40 years 27 / 50 27) 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. 8000 Rs. 9000 Rs. 7000 Rs. 6000 28 / 50 28) 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 7%, Rs. 18000 6.25%, Rs. 18600 6.75%, Rs. 17775 29 / 50 29) 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 30 / 50 30) 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? 3 years 1 years 2 years 4 years 31 / 50 31) 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? 8% 7% 9% 5% 32 / 50 32) 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 = ? 16.7 14.4 13.3 15.5 33 / 50 33) 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. 40 Rs. 30 Rs. 20 Rs. 60 34 / 50 34) 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. 400 Rs. 200 Rs. 300 Rs. 100 35 / 50 35) What annual installment will discharge a debt of Rs. 6450 due in 4 years at 5% simple interest = ? Rs. 1900 Rs. 1000 Rs. 1500 Rs. 1800 36 / 50 36) What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest? Rs. 400 Rs. 600 Rs. 500 Rs. 700 37 / 50 37) 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 = ? 7 : 3 : 3 6 : 3 : 2 4 : 4 : 2 5 : 7 : 2 38 / 50 38) 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. 1200 Rs. 1300 Rs. 1100 Rs. 1400 39 / 50 39) 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 = ? 6400 6800 6000 6200 40 / 50 40) 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 ? 0.2% 0.3% 0.4% 0.1% 41 / 50 41) 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 ? 6.5% 7% 7.5% 5.6% 42 / 50 42) The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly is = ? 12.09% 9.09% 3.09% 6.09% 43 / 50 43) 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 = ? 5% 7% 6% 9% 44 / 50 44) A sum of money at simple interest doubles in 7 years. It will become four times in? 21 years 20 years 19 years 22 years 45 / 50 45) 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. 3000 Rs. 4000 Rs. 2000 Rs. 1000 46 / 50 46) In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum ? 6 years 4 years 3.5 years 5 years 47 / 50 47) 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. 658 Rs. 688 Rs. 698 48 / 50 48) 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 15 : 2 35 : 2 25 : 2 49 / 50 49) 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 = ? 11% 8% 10% 9% 50 / 50 50) 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 = ? 18.5 16.7 15.6 17.6 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
