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Aptitude :: Simple Interest

Why Aptitude Simple Interest?
In this section you can learn and practice Aptitude Questions based on "Simple Interest" and
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answers with explanation?
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with Explanation. Solved examples with detailed answer description, explanation are given
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Interest quiz questions with answers as PDF files and eBooks.

Where can I get Aptitude Simple Interest Interview

Questions and Answers (objective type, multiple choice)?
Here you can find objective type Aptitude Simple Interest questions and answers for interview
and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Aptitude Simple Interest problems?

You can easily solve all kind of Aptitude questions based on Simple Interest by practicing the
objective type exercises given below, also get shortcut methods to solve Aptitude Simple
Interest problems.

Home » Aptitude » Simple Interest » General Questions

Exercise :: Simple Interest - General Questions

Simple Interest - Important Formulas

Simple Interest - General Questions
Simple Interest - Data Sufficiency 1
Simple Interest - Data Sufficiency 2

1. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years.
The sum is:
A.Rs. 650
B.Rs. 690
C. Rs. 698
D.Rs. 700

Answer: Option C

Explanation:

S.I. for 1 year = Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698.

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2. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at
the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple
interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A.Rs. 6400
B.Rs. 6500
C. Rs. 7200
D.Rs. 7500
E. None of these

Answer: Option A

Explanation:

Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x).

x x 14 x 2 (13900 - x) x 11 x 2
Then, + = 3508
100 100

28x - 22x = 350800 - (13900 x 22)

6x = 45000

x = 7500.

So, sum invested in Scheme B = Rs. (13900 - 7500) = Rs. 6400.

Video Explanation: https://youtu.be/Xi4kU9y6ppk

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3. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is
the sum?
A.Rs. 4462.50
B.Rs. 8032.50
C. Rs. 8900
D.Rs. 8925
E. None of these

Answer: Option D

Explanation:

100 x 4016.25
Principal = Rs.
9x5
401625
= Rs.
45
= Rs. 8925.
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4. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per
annum of simple interest?
A.3.5 years
B.4 years
C. 4.5 years
D.5 years
 Answer: Option B

Explanation:

100 x 81
Time = = 4 years.
450 x 4.5 years

Video Explanation: https://youtu.be/WdBzN0Sj8jc

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5. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If
she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
A.3.6
B.6
C. 18
D.Cannot be determined
E. None of these

Answer: Option B

Explanation:

Let rate = R% and time = R years.

1200 x R x R
Then, = 432
100

12R2 = 432

R2 = 36

R = 6.

Video Explanation: https://youtu.be/TjjI4iRkzT0

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Read more:

Simple Interest - Important Formulas

Simple Interest - Data Sufficiency 1
Simple Interest - Data Sufficiency 2

Current Affairs 2019, 2020

Interview Questions and Answers

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