Quants Questions : Simple Interest Set 2

Hello Aspirants. Welcome to Online Maths in AffairsCloud.com. Here we are creating question sample in Simple Interest, which is common for all the IBPS,SBI exam and other competitive exams. We have included Some questions that are repeatedly asked in exams !!

1. Ravi lent out Rs.9600 at 8.5% per annum for a year 2 years 6 months.At the end of the duration,what amount he earned ?
   A)2000
   B)2040
   C)4020
   D)1200
   
   Answer

   Answer – B) 2040
   Explanation :
   
   
   
2. A sum of Rs.12,500 to Rs.15,000 in 2 years,find the rate of interest?
   A)12%
   B)16%
   C)10%
   D)None of these
   
   Answer

   Answer – C) 10%
   Explanation :
   
   
   
   
3. A sum of money amounts to Rs. 8400 after 3 years and Rs. 12000 after 6 years at the same rate of simple interest. The rate of interest per annum is
   A)25%
   B)20%
   C)52%
   D)15%
   
   Answer

   Answer – A)25%
   Explanation :
   
   
   
4. A certain amount of simple interest of Rs. 2500 after 5 years. Had the interest increased 2% more,what is SI now?(Assume P= 10,000)
   A)2500
   B)3000
   C)3500
   D)None of these
   
   Answer

   Answer – C)3500
   Explanation :
   
   
   
5. What will be the ratio of simple interest earned by certain amount at the same rate for 4 years and 12years?
   A)1:4
   B)1:2
   C)3:1
   D)1:3
   
   Answer

   Answer -D)1:3
   Explanation :
   
   
   
6. At what percentage of simple interest ,sum of money will double itself in 7 years?
   A)14%
   B)13%
   C)14(2/7)%
   D)14(7/2)%
   
   Answer

   Answer – C)14(2/7)%
   Explanation :
   
   
   
7. Sankar borrowed some money at the rate of 4% pa for the first 4 years,6% for the next 3 years and 7% for the next 10 years.If the total interest paid by him is Rs.8528,how much money did he borrow?
   A)8200
   B)8328
   C)16728
   D)None of these
   
   Answer

   Answer – A)8200
   Explanation :
   
   
   
8. A sum of money trebles itself in 16 years.In how many years it would become double itself in how many years?
   A)4
   B)5
   C)8
   D)8.5
   
   Answer

   Answer – C)8
   Explanation :
   
   
   
9. Babu takes a loan Rs.2000 at 5% simple interest.He returns Rs.1000 at the end of 1 year.How much amount he should pay to clear the due in 2 years.
   A)1000
   B)1150
   C)2150
   D)None of these
   
   Answer

   Answer – B)1150
   Explanation :
   
   
   
10. If the annual rate of simple interest increases from 10% to 12(1/2)%,annual income increases by 2500 then the principal(Rs)
    A)1,00,000
    B)10,000
    C)1,25,000
    D)1,02,500
    
    Answer

    Answer – A)1,00,000
    Explanation :
    
    
    
11. Click here to view: Simple Interest Set 2