Simple Interest Questions with Answers for Competitive Examinations

Simple Interest Questions with Answers for Competitive Examinations


Simple Interest Aptitude question with answers: Our Indiagrade website will provide the all quantitative aptitude question and answers for competitive examination. Now we update the one of the most important section in aptitude that is SIMPLE INTEREST(SI). This type of questions is asked in many of the Government examination, Bank exam etc. So you must be clear with simple interest concept before going for exams. 

We now update some important questions for your reference. Keep watching our site for more updates. We regularly provide the latest exam questions, study material, syllabus, exam pattern through the internet. So press CTRL+D and bookmark this page for further uses.  

Q1.  A sum of money at simple interest amount to 815 in 3 years and to 854 in 4 years. The sum is:

(a) 698
(b) 820
(c) 780
(d) 800

Q2. 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? 

(a) 4:7
(b) 5:4
(c) 3:4 
(d) 2:3

Q3. The simple interest on certain sum of money at the rate of 5 % p.a. for 8 year 840. At what rate of interest the same amount of interest can be received on the some sum after 5 years?

(a) 12 %
(b) 8%
(c) 10 %
(d) 9%

Q4. A sum invested at 5% simple interest per annum grows to 504 in 4 years. The same amount at 10% simple interest per annum in 21/2 years will grow to

(a) 525
(b) 555
(c) 530
(d) 650

Q5. The simple interest on 10 for 4 months at the rate of 3 paisa per rupee per month is: 

(a) 1.90
(b) 3.60
(c) 1.20
(d) 4.80

Q6. The simple interest on a sum of money will be 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the 10th year?

(a) 1200
(b) 800
(c) 1100
(d) 1400

Q7. A 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?

(a) 10.25%
(b) 11%
(c) 13%
(d) 15% 

Q8. If 64 accounts to 83.20 in 2 years. What will 86 amount to in 4 years at teh same rate per cent per annum?

(a) 115.80
(b) 127.70
(c) 51.60
(d) 127.40

Q9. Kumar borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid how much money did he borrow? 

(a) 13000
(b) 8000
(c) 11000
(d) 15000

Q10. The interest on certain deposit at 4.5% p.a. is 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a.?

(a) 22.50
(b) 30.25
(c) 52.75
(d) 25
Simple Interest Questions with Answers




Answers: 

Q1.(a)
Q2.(d)
Q3.(b)
Q4.(a)
Q5.(c)
Q6.(a)
Q7.(a)
Q8.(c)
Q9.(b)
Q10.(a)

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