Mathematical Aptitude - Interest

2. Find S.I. on Rs 6250 at 14% per annum

  • Option : A
  • Explanation : P = Rs 6250, R = 14 % and T = (146/365) years = 2/5 years.
    interest
Cancel reply
Cancel reply

3. A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 1/2 years. Find the sum and the rate of interest.

  • Option : B
  • Explanation : INTEREST
    Therefore, principal = Rs (1008 – 208) = Rs 800.
    Now, P = 800, T= 2 and S.I. = 208.
    Therefore, rate = (100 × S.I.)/(P × T) = [(100 × 208)/(800 × 2)]% = 13%
Cancel reply
Cancel reply

4. The simple interest on a certain sum of money for 2(1/2) years at 12% per annum is Rs 40 less than the simple interest on the same sum for 3(1/2) years at 10% per annum. Find the sum.

  • Option : D
  • Explanation : Let the sum be Rs a.
    Then we can write: [{x × 10 × 7}/{100 × 2}] – [{x × 12 × 5}/{100 × 2}] = 40. This can be written as:
    7x/20 – 3x/10 = 40.
    Therefore, we have x = Rs 800.
Cancel reply
Cancel reply

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

  • Option : D
  • Explanation : Here, we have, the principal = Rs [{100 × 5400}/{12 × 3}] = Rs 15000.
    Thus, the correct option is (D).
Cancel reply
Cancel reply
  • Simple Interest Questions can be used to give quizzes by any candidate who is preparing for UGC NET Paper 1
  • This Simple Interest Questions section will help you test your analytical skills in a tricky method, thereby giving you an edge over other students
  • All candidates who have to appear for the Kendriya Vidyalaya Entrance exam can also refer to this mcq section.
  • You can also get access to the Simple Interest MCQ ebook.
  • Simple Interest Questions can be used in the preparation of JRF, CSIR, and various other exams.
  • You can also download pdf for these Simple Interest multiple-choice questions Answers.
  • This Simple Interest Multiple Choice Questions Answers section can also be used for the preparation of various competitive exams like UGC NET, GATE, PSU, IES, and many more.
  • Simple Interest Questions can be used to gain a credit score in various undergraduate and postgraduate courses like Bcom, Mcom and more
  • Simple Interest Questions for UGC NET Papeer 1

    Simple Interest MCQ

    Simple Interest Multiple choice questions