Boost your preparation for competitive exams, including UPSC IAS and more, with our extensive collection of multiple-choice questions (MCQs) on Simple Interest. Access a comprehensive set of practice material featuring MCQs from previous year papers of various sectors to test your knowledge and understanding of this important topic.
Brief:
Welcome to our MCQs on Simple Interest 3 page, dedicated to helping you excel in your preparation for various competitive exams, including UPSC IAS and more. This page offers a diverse range of MCQs sourced from previous year papers of different sectors, providing you with valuable practice material.
Simple Interest is a crucial topic that evaluates your ability to solve problems related to interest calculations, loans, investments, and related concepts. By practicing these MCQs, you will enhance your understanding of simple interest formulas, calculations, and problem-solving skills.
Our expert team has meticulously compiled questions from previous year papers of different exams, including UPSC IAS, to present you with a comprehensive collection of practice material. These MCQs cover various aspects and difficulty levels, enabling you to assess your proficiency and identify areas that require further improvement.
Whether you are a beginner or an advanced learner, this page will help you sharpen your knowledge and boost your confidence in solving problems related to simple interest. Regular practice of these MCQs will familiarize you with the exam pattern, improve your mathematical abilities, and enhance your overall performance.
Prepare effectively for your upcoming exams by utilizing this invaluable resource. Start practicing the MCQs on Simple Interest 3 today and take your preparation to new heights!
Simple interest 3– Aptitude GK MCQ – Previous Year Questions
Question:
A sum of Rs . 2600 is lent out in two part in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is ?
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Question:
The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?
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Question:
The rate of interest for the first 2 years is 5% for the next 3 years is 8% and beyond this. It is 10% per annum. If the simple interest for 8 years is Rs . 1280. What is the principal ?
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Question:
Anil borrowed some money at simple interest. The rate of interest for the first 3 years was 5% for the next 2 years was 8% and for the next 4 year it was 10%. Beyond this it was 12% per annum. If he paid Rs. 8560, as interest for 12 years. How much money did he borrow ?
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Question:
Prabhat borrowed some money from a bank at 8% p.a simple interest and lended it to Ashish at 12% p.a simple interest. If his profit in 2 years is Rs. 320. What sum of money did he borrow ?
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Question:
Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?
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Question:
A sum ₹ 1440 is lent out in three parts in such a way that the interest on first part at 2% for 3 yr, second part at 3% for 4 yr and third part at 4% for 5 yr equal . Then, the difference between the largest and the smallest sum is ?
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Question:
Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. It the simple interest for 2 yr from all these investments amounts to ₹ 600 , find the original sum.?
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Question:
A man buys a music system valued at ₹ 8000. He pays ₹ 3500 at once and rest 18 months later, on which he is charged simple interest at the rate of 8% per annum . Find the total amount he pays for the music system ?
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Question:
A man invests a certain sum of money at 6% per annum simple interest and another at 7% per annum simple interest. His income from interest after 2 yr was ₹ 792. Also, half of the first sum is equal to one-third of the second sum. The total sum invested was ?
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Question:
A borrowed ₹ 4800 from B at 9% per annum simple interest for 3 yr. He, then added some more money to the borrowed sum and lent it to C for the same period at 12% per annum simple interest. If A gains ₹ 720 in the whole transaction, how much money did he add from his side ?
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Question:
A person closer his account in an investment scheme by withdrawing ₹ 10000. One year ago, he had withdraw ₹ 6000. Two years ago, he had withdrawn ₹ 5000. Three years ago, he had not withdrawn any money. How much money had he deposited approximately at the time of opening the account 4 yr ago, if the annual simple interest is 10% ?
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Question:
A sum was lent out for a certain time. The sum amounts to ₹ 400 at 10% annual interest rate. When the sum was lent out at 4% annual interest rate,it amounts to ₹ 200. Find the sum.
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Question:
The annual payment of ₹ 160 in 5 yr at 5 % per annum simple interest will discharge a debt of
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Question:
What annual payment will discharge a debt of ₹ 1092 due in 2 yr at 12% simple interest ?
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Question:
What annual payment will discharge a debt of ₹ 1696 in yr at 4% per annum ?
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Question:
Harsha makes a fixed deposit of ₹ 20000 in Bank of India for a period of 3 yr. If the rate of interest be 13% SI per annum charged half - yearly, what amount will he get after 42 months ?
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Question:
A certain sum at simple interest amount to ₹ 1350 in 5 yr and to ₹ 1620 in 8 yr what is the sum ?
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Question:
In 4 yr. ₹ 6000 amounts to ₹ 8000. In what time at the same rate, will ₹ 525 amount to ₹ 700 ?
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Question:
A Principal amounts to ₹ 944 in 3 yr and to ₹ 1040 in 5 yr, each sum being invested at the same simple interest. The principal was
