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Simple Interest Questions for Competitive Exams

4 years ago 10.0K Views
Q :  

The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate  for 2 years is ₹170. The rate of interest is 

(A)

(B)

(C)

(D)

Correct Answer : C

Q :  

A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was 

(A) ₹ 6840

(B) ₹ 7200

(C) ₹ 6400

(D) ₹ 6472

Correct Answer : B

Q :  

If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)? 

(A) 37.5

(B) 42.25

(C) 18.75

(D) 27.5

Correct Answer : A

Q :  

The rate of simple interest annum of bank being decreased from 5 % to 3.5 %, the annual income of a person from interest was less by  ₹ 105. The sum deposited at the bank was 

(A) ₹ 7,200

(B) ₹ 6,800

(C) ₹ 7,000

(D) ₹ 6,000

Correct Answer : C

Q :  

A sum was invested on simple interest at a certain rate for 2 years. Had it been put at 3 % higher. rate, it would have fetched ₹ 72 more. The sum is 

(A) ₹ 1,600

(B) ₹ 1,800

(C) ₹ 1,200

(D) ₹ 1,500

Correct Answer : C

Q :  

₹ 26100 is divided between Ram and Shyam so that the interest that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4 % per annum then Ram's share is 

(A) ₹ 8,700

(B) ₹ 19,000

(C) ₹ 8,500

(D) ₹ 17,400

Correct Answer : D

Q :  

Mr. Dutta desired to deposit his retirement benefit of ₹3 lacs partly to a post office and partly to a bank at 10 % and 6 %  simple interests respectively. If his monthly interest income was ₹ 2000, then the difference of his deposits in the post office and in the bank was -

(A) ₹ 40,000

(B) ₹ 50,000

(C) ₹ 1,00,000

(D) ₹ Nil

Correct Answer : D

Q :  

Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was 

(A) ₹ 2000

(B) ₹ 3000

(C) ₹ 500

(D) ₹ 1000

Correct Answer : A

Q :  

A sum of ₹ 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 

(A) 70

(B) 40

(C) 60

(D) 65

Correct Answer : C

Q :  

The simple interest on a sum  of money is of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annum is 

(A) 6%

(B) 8%

(C) 5%

(D) 4%

Correct Answer : B

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