Simple Interest Maths Online Quiz Test

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Simple Interest Maths Online Quiz Test With Question Answers Mcqs

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Math

1. Reena took a loan of Rs. 1200 with simple interest as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

18

3.6

Cannot be determined

6

None of these

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Question 1 of 15

2. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.a.p.c. in 5 years. What is the sum?

Rs. 8900

Rs. 4462.50

Rs. 8925

Rs. 8032.50

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Question 2 of 15

3. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of the interest?

None of these

3.6%

4.5%

6%

5%

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Question 3 of 15

4. 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?

4 years

3.5 years

4.5 years

5 years

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Question 4 of 15

5. A sum of money at simple interest amount to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

Rs. 690

Rs. 700

Rs. 698

Rs. 650

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Question 5 of 15

6. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C 4 years on simple interest at the same rate of interest and received Rs, 2200 in all from both of them as interest. The rate of interest per annum is:

5%

7 8/1%

7%

10%

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Question 6 of 15

7. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?

Rs. 7500

Rs. 6400

Rs. 7200

None of these

Rs. 6500

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Question 7 of 15

8. 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?

Rs. 245

Rs. 350

None of these

Rs. 35

Cannot be determined

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Question 8 of 15

9. 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?

None of these

1 : 4

2 : 3

1 : 3

Data in adequate

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Question 9 of 15

10. A sum of Rs. 12,500 amounts to Rs. 15, 500 in 4 years at the rate of simple interest. What is the rate of interest?

3%

6%

4%

5%

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Question 10 of 15

11. 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:

10.5%

10.25%

None

10%

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Question 11 of 15

12. A person borrows Rs. 5000 for two years at 4% p.a. simple interest. He immediately lends it to another person at 6   1/4 p.a. for 2 years. Find his gain in the transaction per year.

Rs. 125

Rs. 112.50

Rs. 150

Rs. 167.50

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Question 12 of 15

13. 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 anum is:

5%

12%

15%

8%

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Question 13 of 15

14. In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% p.a. S.I.?

2 and half years

2 years

3 years

4 years

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Question 14 of 15

15. 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:

Rs. 15000

Rs. 20000

Rs. 2000

Rs. 10000

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Question 15 of 15

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