Simple Interest - Mock Test 3

Question 21

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?

A) 110 B) 120 C) 130 D) 140

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Question 22

A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was. ?

A) Rs 14000 B) Rs 15000 C) Rs 16000 D) Rs 17000

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Question 23

A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount?

A) 2000 B) 1500 C) 1000 D) 2500

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Question 24

At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?

A) 2% B) 4% C) 1% D) 3%

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Question 25

Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was ?

A) 4100 B) 4300 C) 4200 D) 4400

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Question 26

Find the simple interest on Rs 7000 at 50/3 % for 9 months?

A) Rs. 875 B) Rs. 975 C) Rs. 1075 D) Rs. 775

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Question 27

What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.?

A) 2:3 B) 2:1 C) 1:2 D) 2:2

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Question 28

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

A) 8 % B) 7 % C) 6 % D) 9 %

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Question 29

If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is?

A) 12 B) 12.5 C) 13.5 D) 13

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Question 30

Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.?

A) Rs 1152 B) Rs 1052 C) Rs 1252 D) Rs 1352

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