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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
How long will it take a sum of money invested at 5% p.a. S.I. to increase is value by 40% ? |
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Answer» 8 years NA |
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| 2. |
If simple interest on a certain sum of money for 8 years at 4% per annum is same as the simple interest on Rs. 560 for 8 years at the rate of 12% per annum then the sum of money is |
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Answer» Rs.1680 NA |
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| 3. |
Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If h |
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Answer» RS. 8,000 NA |
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| 4. |
A person invested in all Rs. 2600 at 4% , 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all the three cases. The money invested at 4% is : |
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Answer» RS. 1200 NA |
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| 5. |
Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years. |
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Answer» 1052 1052 |
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| 6. |
A certain sum is invested for a certain time. It amounts to Rs 400 if the rate is 6% per annum. But when invested at a rate of 2% per annum, it amounts to Rs 250. What is the sum ? |
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Answer» Rs. 175 A1 = 400; |
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| 7. |
At 5% per annum simple interest, Ram borrowed Rs.500. What amount will he pay to clear the debt after 4 years. |
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Answer» Rs.600 NA |
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| 8. |
What would be the simple interest obtained on a principal of ₹ 11050 after six years at the rate of 5% per annum ? |
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Answer» 3320 NA |
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| 9. |
The price of a T.V. set worth Rs. 20000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the |
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Answer» None of these Balance payment = (20000 - 1000) = Rs. 19000 |
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| 10. |
What approximate compound interest can be obtained on an amount of Rs. 5,850 at the rate of 8 p.c.p.a at the end of 3 years ? |
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Answer» Rs.1,519 Rs.1,519 |
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| 11. |
A sum of Rs. 1550 is lent two parts , one at 8% and another one at 6% . If the total annual income is Rs. 106, Find the money lent a each rae. |
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Answer» RS. 900 NA |
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| 12. |
A certain sum becomes Rs. 5290 in 2 years and Rs. 6083.50 in 3 years at C.I. The rate of interest per annum is - |
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Answer» 15 % 15 % |
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| 13. |
If the difference between the simple interest and the compound interest earned on a sum of money at the rate of 4% p.a. for 2 years is Rs 18, what is the principal ? |
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Answer» RS. 11250
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| 14. |
Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest, If the total interest paid was Rs. 1230, the principal was |
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Answer» 4100 S.I.=(P∗R∗T)/100 =>P=(1230∗100)/(6∗5) |
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| 15. |
A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested? |
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Answer» 597.22 NA |
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| 16. |
Reena took a loan of 1200 with simple interest for as many years as the rate of interest. If she paid 432 as interest at the end of the loan period, what was the rate of interest? |
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Answer» 6 Let RATE = R% and TIME = R years. |
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| 17. |
Vikram borrowed Rs. 6,450 at 5 per cent simple interest repayable in 4 equal instalments. What will be the annual instalment payable by him? |
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Answer» RS. 1,810 NA |
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| 18. |
David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and t |
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Answer» Rs.5000 NA |
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| 19. |
What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum ? |
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Answer» RS. 120 NA |
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| 20. |
A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is? |
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Answer» 5 5/9 % LET sum = x. Then, amount = 7x/6 S.I. = 7x/6 - x = x/6; TIME = 3 years. Rate = (100 * x) / (x * 6 * 3) = 5 5/9 |
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| 21. |
A milkman sells cow milk at the rate of Rs. 55 litre including a profit 12 per cent. He also sells buffalo milk at the rate of Rs. 36 per litre including a profit of 20%. How much profit will he earn |
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Answer» RS. 642 NA |
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| 22. |
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years? |
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Answer» 4% Let SUM = x. Then, S.I. = 2X/5, Time = 10 years. Rate = (100 * 2x) / (x * 5 * 10) = 4% |
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| 23. |
If a sum of Rs. 9 is lent to be paid back in 10 equal monthly installments of re. 1 each, then the rate of interest is |
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Answer» 26.67%
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| 25. |
A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum? |
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Answer» Rs.1200 NA |
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| 26. |
The simple interest on a certain sum of money for 2 years at 8% p.a. is Rs 600. What is the compound interest at the same rate and for the same time ? |
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Answer»
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| 27. |
Srimathy borrowed a sum for 3 years on S.I. at 10%. The total interest paid was Rs. 360. Find the Principal? |
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Answer» 1200 NA |
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| 28. |
What annual instalment will discharge a debt of Rs. 1092 due in 3 years at 12 % simple interest ? |
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Answer» RS. 325 NA |
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| 29. |
A person invested 4 lakh at interest rate 23% per annum for one year. If the interest is compounded half-yearly, what amount of interest will the person get at the end of that year ? |
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Answer» 97290 Interest = (400000 X 1.115 x 1.115) - 400000 |
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| 30. |
An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest? |
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Answer» 4years NA |
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| 31. |
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years. |
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Answer» RS. 1380 NA |
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| 32. |
A certain amount of money is put on simple interest at a certain rate for 4 years. Had it been put at 3% higher rate, it would have fetched Rs 360 more. What is the amount ? |
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Answer» RS 3000 Let the SUM be x and the rate of SI be R%. |
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| 33. |
When $720 is invested for 36 months it earns $205.20 simple interest. Find the yearly interest rate. |
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Answer» 9.5%
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| 34. |
A four years NSC certificate was purchased for Rs. 500 with Rs. 1000 being the maturity value. Find the rate of S.I. |
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Answer» 25%
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| 35. |
Find the simple interest on Rs. 68,000 at 16 2/3% per annum for 9 months. |
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Answer» 8500 NA |
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| 36. |
What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum? |
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Answer» RS. 273 NA |
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| 37. |
What would be the simple interest on an amount of Rs. 11975 at the rate of 8% per annum after 7 years ? |
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Answer» RS. 6706
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| 38. |
The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rae of interest he same amount of interest can be received on he same sum after 5 years ? |
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Answer» 9%
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| 39. |
A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ? |
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Answer» Rs.15000 NA |
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| 40. |
Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calcula |
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Answer» 1187.50 NA |
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| 41. |
A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ? |
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Answer» 12 % The compound INTEREST in third year, which is (702464 . 627200 = 75264), is EQUAL to simple interest on RS. 627200 in ONE year. |
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| 42. |
The simple interest accrued on an amount of Rs. 9,530 at the end of 6 years is Rs.2,859. What is the rate of interest p.c.p.a.? |
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Answer» 5 5 |
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| 43. |
What will be the compound interest on an amount of Rs 46875 for a period of 3 years at 4% p.a. ? |
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Answer» RS. 5853 Amount = 46875 (1 + 4/100)3 |
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| 44. |
The simple interest accrued on an amount of Rs. 12,450 at the end of 6 years is Rs. 8,964. What is the rate of interest p.c.p.a. ? |
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Answer» 12 % 12 % |
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| 45. |
On what principal will the compound interest for 3 years at 5% pa amount to Rs. 346.775 ? |
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Answer» Rs. 2200 Let the amount be X. |
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| 46. |
A person closes his account in an investment scheme by withdrawing Rs. 10,000. One year ago, he had withdrawn Rs. 6,000. Two years ago he had withdrawn Rs. 5,000. Three years ago he had not withdrawn |
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Answer» NONE of these NA |
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| 47. |
A sum of money triples itself in twelve years at simple interest. Find the rate of interest? |
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Answer» 13 3/8 % p.a. NA |
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| 48. |
Vinita invested a certain amount at the rate of 8 p.c.p.a. for 5 years and obtained a simple interest of 3,800. Had she invested the same amount at same rate of interest for 2 years, how much compoun |
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Answer» <P> Rs. 1580.80 Principal = SI X 100/Tiem x Rate |
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| 49. |
Find the sum of money will amount to Rs 900 in 4 years at 5 % per annum on simple interest? |
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Answer» RS 750 NA |
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| 50. |
If x is the the simple interest on y and y is the simple interest on z, the rate % and the time being the same in both cases. What is the relation between x, y and z. |
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Answer» Y2 = xz NA |
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