Simple Interest MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Simple Interest, a fundamental topic in the field of Aptitude. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Simple Interest MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Simple Interest mcq questions that explore various aspects of Simple Interest problems. Each MCQ is crafted to challenge your understanding of Simple Interest principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Aptitude tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Simple Interest MCQs are your pathway to success in mastering this essential Aptitude topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Simple Interest. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Simple Interest knowledge to the test? Let's get started with our carefully curated MCQs!

Simple Interest MCQs | Page 2 of 2

Q11.
A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
Discuss
Answer: (c).12%
Q12.
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
Discuss
Answer: (c).2 : 3
Q13.
A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Discuss
Answer: (d).Cannot be determined
Q14.
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6(1/4) p.a for 2 years. Find his gain in the transaction per year.
Discuss
Answer: (a).Rs. 112.50
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