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Simple Interest - Aptitude Questions and Answers

The document presents a series of mathematical problems related to simple interest, providing solutions and explanations for each scenario. It includes calculations for determining principal amounts, investment distributions, total interest earned, time to yield interest, and rates of interest. Each problem is followed by multiple-choice answers and detailed explanations of the calculations involved.

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[CO - 174] Shubham Mourya
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40 views3 pages

Simple Interest - Aptitude Questions and Answers

The document presents a series of mathematical problems related to simple interest, providing solutions and explanations for each scenario. It includes calculations for determining principal amounts, investment distributions, total interest earned, time to yield interest, and rates of interest. Each problem is followed by multiple-choice answers and detailed explanations of the calculations involved.

Uploaded by

[CO - 174] Shubham Mourya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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:


Rs. 650

Rs. 690

Rs. 698

Rs. 700

Answer: Option
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.

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?
Rs. 6400

Rs. 6500

Rs. 7200

Rs. 7500

None of these

Answer: Option
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


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?
Rs. 4462.50

Rs. 8032.50

Rs. 8900

Rs. 8925

None of these

Answer: Option
Explanation:

100 x 4016.25
Principal = Rs.
9x5

401625
= Rs.
45

= Rs. 8925.

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?
3.5 years

4 years

4.5 years

5 years

Answer: Option
Explanation:

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

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

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?
3.6
6

18

Cannot be determined

None of these

Answer: Option
Explanation:

Let rate = R% and time = R years.

1200 x R x R
Then, = 432
100

12R2 = 432

R2 = 36

R = 6.

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