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Simple Interest Questions, Quiz (CAT, SSC, Bank, Competitive) Exams

Simple Interest Questions

Check out Simple Interest Questions through this page!!! We provide you Simple Interest Quiz for Competitive Exams of CAT, SSC, and Bank on new pattern questions with different topics that will help you to go through this exam.

Candidates who are preparing for any Competitive exams like CAT, SSC, Bank, railway etc, they can acquire Simple Interest Questions Quiz for the better preparation of arithmetic aptitude section.

Simple Interest is one of the Easiest but tricky topic in Aptitude. Problems in this topic needs more focus on Percentage. This page is provided to make you “The master of the Topic”.

As of now various exams are nearby, this page makes your preparation better for Simple Interest Questions which is provided below by the team of recruitmentresult.com. In this page we have also given answer key which helps you to understand and solve the problems easily.

Simple Interest Questions

Question1: What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

  1. 1:2
  2. 2:1
  3. 2:2
  4. 2:3

Answer: D

Want to Know? Difference Between SI And CI

Question2: A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes.

  1. 25%
  2. 10%
  3. 25%
  4. 9%

Answer: A

Question3: In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%

  1. 8
  2. 9
  3. 10
  4. 11

Answer: B

Question4: A lent Rs. 5000 to B for 2 years and Rs 3000 to C for 4 years on simple interest at the same rate of interest and received Rs 2200 in all from both of them as interest. The rate of interest per annum is

  1. 9%
  2. 10%
  3. 11%
  4. 12%

Answer: B

Question5: 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

  1. 11%
  2. 12%
  3. 17%
  4. 17%

Answer: C

Question6: A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

  1. 650
  2. 690
  3. 698
  4. 700

Answer: C

Question7: 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?

  1. 6400
  2. 6500
  3. 7200
  4. 7500

Answer: A

Also Check: Compound Interest Problems

Question8: 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?

  1. 4462.50
  2. 8032.50
  3. 8900
  4. 8925

Answer: D

Question 9:   

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?

  1. 5 years
  2. 4 years
  3. 5 years
  4. 5 years

Answer: B

Question10: 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?

  1. 6
  2. 6
  3. 18
  4. Cannot be determined

Answer: B

Question11: A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ?

  1. 1800
  2. 2000
  3. 1400
  4. 1250

Answer: D

Question12: 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?

  1. 1:3
  2. 1:4
  3. 2:3
  4. data is inadequate

Answer: C

Get Here: Aptitude Questions And Answers

Question13: At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years

  1. 66%%
  2. 5%
  3. 7%
  4. 5%

Answer: A

Question14: 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?

  1. 5 years
  2. 4 years
  3. 5 years
  4. 5 years

Answer: B

Question15: A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay :

  1. 100
  2. 105
  3. 115
  4. 110

Answer: C

Question 16: A man lent out Rs.9600 at 9/2 % per annum for a year and 9 months. At the end of the duration, the amount he earned as S.I was:

  1. 567
  2. 756
  3. 874
  4. 784

Answer: B

Question 17: A man borrowed Rs.33600 at 25/4 % per annum on September 2012 and he paid back in May 2013. Find the amount he paid as S.I.

  1. 2075
  2. 2575
  3. 1575
  4. 1975

Answer: C

Get Answer of Question: How To Prepare Maths For Competitive Exams

Question18: How much time will it take for a sum of Rs. 9000 to yield Rs. 1620 as S.I at 4 1/2 % per annum?

  1. 1 year
  2. 2 years
  3. 3 years
  4. 4 years

Answer: D

Question 19: At what rate of simple interest, a sum of Rs.8540 amounts to Rs.9710 in 3 years?

  1. 3 1/2 %
  2. 2 1/4 %
  3. 3 3/4 %
  4. 4 1/2 %

Answer: D

Question 20: A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

  1. 650
  2. 690
  3. 698
  4. 700

Answer: C

Question21: 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?

  1. 6400
  2. 6500
  3. 7200
  4. 7500

Answer: A

Question22: 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?

  1. Rs. 4462.50
  2. Rs. 8032.50
  3. Rs. 8900
  4. Rs. 8925

Answer:D

Give Now: Quantitative Aptitude Online Test

Question23: 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?

  1. 5 years
  2. 4 years
  3. 5 years
  4. 5 years

Answer:B

Question24: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?

  1. 6
  2. 6
  3. 18
  4. Cannot be determined

Answer:B

Question25: Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.

  1. 10%
  2. 20%
  3. 30%
  4. 40%

Answer: B

Question 26: Reema 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?

  1. 5%
  2. 6%
  3. 7%
  4. 8%

Answer: B

Question27: A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount?

  1. 1000
  2. 1500
  3. 2000
  4. 2500

Answer: C

Check Also: Data Interpretation Questions With Solutions

Question28:There was simple interest of Rs. 4016.25 on a principal amount at the rate of 9%p.a. in 5 years. Find the principal amount

  1. Rs 7925
  2. Rs 8925
  3. Rs 7926
  4. Rs 7925

Answer: B

Question 29: What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?

  1. 1:2
  2. 2:1
  3. 2:2
  4. 2:3

Answer: D

Question 30:A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.

  1. Rs 14000
  2. Rs 15000
  3. Rs 16000
  4. Rs 17000

Answer: B

Give Now: Mathematics Quiz

Final Words:

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