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Friday, May 3, 2019

Simple-interest-solved-problems, MCQ (Free PDF)

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1. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum
of simple interest?
A. 2 years
B. 3 years
C. 1 year
D. 4 years
Answer : Option A

2. Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid Rs.686 as interest at the end of the loan period, what was the rate of interest?
A. 8%
B. 6%
C. 4%
D. 7%
Answer : Option D

3. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :
A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698
Answer : Option D

4. A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.c.p.a. in 5 years. What is the sum?
A. Rs. 2323
B. Rs. 1223
C. Rs. 2563
D. Rs. 2353
Answer : Option A

5. 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?
A. Rs. 6400
B. Rs. 7200
C. Rs. 6500
D. Rs. 7500
Answer : Option A

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