Practice MCQ Questions and Answer on Interest
21.
If a sum doubles in 16 years, how much will it be in 8 years ?
- (A) $$1\frac{1}{2}$$ times
- (B) $$1\frac{1}{3}$$ times
- (C) $$1\frac{1}{4}$$ times
- (D) $$1\frac{3}{4}$$ times
22.
Simple interest on a certain sum one-fourth of the sum and the interest rate percentage per annum is 4 times the numbers of years. If the rate of interest increases by 2%, then what will be the simple interest (in Rs.) on Rs. 5,000 for 3 years?
- (A) 300
- (B) 1,500
- (C) 2,000
- (D) 1,800
23.
What annual instalment will discharge a debit of Rs. 5,664 in 4 years at 12% simple interest?
- (A) Rs. 1,230
- (B) Rs. 1,210
- (C) Rs. 1,200
- (D) Rs. 1,220
24.
A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4% to 3.75% diminishes his net yearly income by Rs. 48. What is his capital ?
- (A) Rs. 24000
- (B) Rs. 25000
- (C) Rs. 20000
- (D) Rs. 18000
25.
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
- (A) Rs. 2000
- (B) Rs. 10,000
- (C) Rs. 15,000
- (D) Rs. 20,000
26.
Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6% simple interest per annum ?
- (A) 7 years
- (B) 3 years
- (C) 5 years
- (D) 4 years
27.
Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
- (A) Rs. 1200
- (B) Rs.1300
- (C) Rs. 1400
- (D) Rs. 300
28.
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
- (A) Rs. 2000
- (B) Rs. 10,000
- (C) Rs. 15,000
- (D) Rs. 20,000
29.
A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 in 4 years. The sum and the rate of interest p.a. are respectively:
- (A) Rs. 5,600 and 9%
- (B) Rs. 5,600 and 8.5%
- (C) Rs. 5,400 and 9%
- (D) Rs. 5,400 and 10%
30.
Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amounts in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is Rs. 1350 then the sum deposited in each case is = ?
- (A) Rs. 3000
- (B) Rs. 4000
- (C) Rs. 6500
- (D) Rs. 5000