Practice MCQ Questions and Answer on Interest
91.
An amount of Rs. 12,000 was borrowed at some rate of simple interest. After four months, Rs. 6,000 more were added to it and the rate of interest on the total principal was doubled from the previous rate. At the end of the year, Rs. 2,800 was paid as interest, calculate the rate of interest initially charged?
- (A) 14%
- (B) 16%
- (C) 12%
- (D) 10%
92.
A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs. 24 more interest. The sum of money is ?
- (A) Rs. 1200
- (B) Rs. 1050
- (C) Rs. 1000
- (D) Rs. 9600
93.
The principal which gives Rs 1 interest per day at a rate of 5% simple interest per annum is = ?
- (A) Rs. 5000
- (B) Rs. 35500
- (C) Rs. 7300
- (D) Rs. 3650
94.
Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ?
- (A) Rs. 1700
- (B) Rs. 1800
- (C) Rs. 1900
- (D) Rs. 2000
95.
If the simple interest on a sum of Rs. P at 5% per annum for three years is thrice the simple interest received on Rs. Q at 7% per annum for four years, then find the relation between P and Q.
- (A) P = 5.6Q
- (B) Q = 2.1P
- (C) P = 4.8Q
- (D) Q = 3.1P
96.
A person borrowed 1,200 at 8% per annual and Rs. 1,800 at 10% per annum, as simple interest for the same period. He had to pay Rs. 1380 in all as interest. Find the time? (in year)
- (A) 4 years
- (B) 5 years
- (C) 6 years
- (D) 10 years
97.
Deepak invested an amount of Rs. 21250 for 6 years. At what rate of simple interest will be obtain the total amount of Rs. 26350 at the end of 6 years?
- (A) 5 p.c.p.a
- (B) 6 p.c.p.a
- (C) 8 p.c.p.a
- (D) 12 p.c.p.a
98.
If the amount obtained by A by investing Rs. 9,100 for three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five year at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in Rs.) is:
- (A) 7,800
- (B) 8,450
- (C) 8,540
- (D) 7,605
99.
Find the amount to be received after 2 years 6 months at the rate of 5% p.a. of simple interest on a sum of Rs. 3200.
- (A) Rs. 3800
- (B) Rs. 3500
- (C) Rs. 3600
- (D) Rs. 3900
100.
A person invested a total of Rs. 57,500 at 4%, 5% and 8% per annum simple interest. At the end of the year, he received equal interest in all the three cases. The amount invested at 5% was:
- (A) Rs. 20,000
- (B) Rs. 20,750
- (C) Rs. 25,000
- (D) Rs. 37,500