Test: Simple Interest- 2


10 Questions MCQ Test General Aptitude for GATE 2020 | Test: Simple Interest- 2


Description
This mock test of Test: Simple Interest- 2 for Quant helps you for every Quant entrance exam. This contains 10 Multiple Choice Questions for Quant Test: Simple Interest- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Simple Interest- 2 quiz give you a good mix of easy questions and tough questions. Quant students definitely take this Test: Simple Interest- 2 exercise for a better result in the exam. You can find other Test: Simple Interest- 2 extra questions, long questions & short questions for Quant on EduRev as well by searching above.
QUESTION: 1

A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?

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QUESTION: 2

If the simple interest on a certain sum of money after 3 1/8 years is 1/4 of the principal, what is the rate of interest per annum?

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QUESTION: 3

What annual payment will discharge a debt of Rs. 6450 due in 4 years at 5% per annum?

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QUESTION: 4

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

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QUESTION: 5
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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QUESTION: 6
Divide Rs. 2379 into 3 parts so that their amount after 2,3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is
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QUESTION: 7
An automobile 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:
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QUESTION: 8
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:
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QUESTION: 9
A sum of Rs. 14,000 amounts to Rs. 22,400 in 12 years at the rate of simple interest. What is the rate of interest?
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QUESTION: 10
A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is A.
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