Simple Interest - MCQ 4 - Banking Exams MCQ

A certain sum of money is borrowed by ankit at 5 percent per annum for 10 years. If he pays an interest of rupees 200, then the total amount paid by ankit.

Rakesh borrowed rupees 5000 from a bank ABC at simple interest. He pays bank 3000 rupees at the end of 3 years and again he pays 2500 at the end of 5 years from the date of borrowing, Find the rate of interest charged by bank.

Some amount of money out of 8000 rupees is lent at 8 percent and remaining at 6 percent per annum. If the total interest obtained from both sum in 4 years is 2400, then find the sum lent at 8 percent rate (approx)

Two equal amount of sum are deposited in banks at the rate 5 percent per annum. The amount deposited for 3 and 5 years respectively. If the difference between the SI obtained is 120 rupees, then find the sum

A sum of rupees is divided between three people A, B and C in such a way that after 2 years, 3 years and 4 years respectively the amount they get is equal.The rate of interest is 10 percent. Find the ratio in which the amount is divided.

Mohan invested 20000 rupee in fixed deposit at the rate of 10% simple interest.After every 3 rd year he added interest to principal. Find the interest earned at the end of 6 year.

The simple interest on a certain sum is 4/9 of the principal and the numbers of years is equal to the rate of interest. The rate of interest is.

A certain sum of money amounts to rupees 2900 at 4% per annum in 4 years.In how many years will it amount to rupees 5000 at the same rate?

A sum of money becomes four times at simple interest rate of 5%. At what rate it becomes seven times

Arya borrows rupees 6000 from a bank at SI. After 4 years she paid Rs 2500 to the bank and at the end of 5 years from the date of borrowing he paid Rs 4560 to settle the account. Find the rate of interest (approx)

A sum of money lent out at simple interest amounts to rupees 840 in 3 years and to rupees 1200 in 8 years. Find the rate of interest

 The simple interest on a certain sum of money at 4% per annum for 5 years is 100 more than the interest on the same sum for 3 years at 5% per annum. Find the sum

A sum of rupees 4800 is lent out in two parts in such a way that the interest on one part at 10% for 4 years is equal to that on another part at 8% for 7 years.Find the two sums

The simple interest on a sum of money will be rupees 400 after 5 years. In the next 5 years the principal is doubled, what will be the total interest at the end of the 10 year

What annual instalment will discharge a debt of rupees 1060 due in 4 years at 4 % simple interest?

Anil borrowed some money at the rate of 5 percent per annum for the first 2 years, 3 percent for the next 4 years and 4 percent per annum beyond 6 years.If the total interest paid by him at the end of 9 years is rupees 3400, how much money did anil borrow.

Saroj invested 20000 rupee in fixed deposit at the rate of 10% simple interest.After every 3 rd year he added interest to principal. Find the interest earned at the end of 6 year.