Class 7 Exam > Class 7 Tests > Olympiad Test: Simple Interest - 1 - Class 7 MCQ

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Olympiad Test: Simple Interest - 1 - Question 1

A person borrows Rs 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6.25% p.a. for 2 years. Find his gain in the transaction per year.

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Olympiad Test: Simple Interest - 1 - Question 2

A certain amount earns simple interest of Rs 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

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Olympiad Test: Simple Interest - 1 - Question 3

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?

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Olympiad Test: Simple Interest - 1 - Question 4

A sum of Rs 12,500 amounts to Rs 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

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Olympiad Test: Simple Interest - 1 - Question 5

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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Olympiad Test: Simple Interest - 1 - Question 6

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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Olympiad Test: Simple Interest - 1 - Question 7

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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Olympiad Test: Simple Interest - 1 - Question 8

A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs 5400 interest only for the period. The principal amount borrowed by him was:

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Olympiad Test: Simple Interest - 1 - Question 9

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:

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Olympiad Test: Simple Interest - 1 - Question 10

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

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Olympiad Test: Simple Interest - 1 - Question 11

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 ` 3508, what was the amount invested in Scheme B?

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Olympiad Test: Simple Interest - 1 - Question 12

A sum fetched a total simple interest of Rs 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?

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Olympiad Test: Simple Interest - 1 - Question 13

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?

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Olympiad Test: Simple Interest - 1 - Question 14

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?

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Olympiad Test: Simple Interest - 1 - Question 15

Anita borrowed Rs 800 for 2 years at the rate of 12% per annum. Find the interest. Also find the amount paid by her.

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Olympiad Test: Simple Interest - 1 - Question 16

Deepak takes a loan of Rs 8,000 to buy a used truck at the rate of 9 % simple interest. Calculate the annual interest to be paid for the loan amount.

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Olympiad Test: Simple Interest - 1 - Question 17

Steve invested $ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years.

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Olympiad Test: Simple Interest - 1 - Question 18

Ryan bought $ 15,000 from a bank to buy a car at 10% simple interest. If he paid $ 9,000 as interest while clearing the loan, find the time for which the loan was given.

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Olympiad Test: Simple Interest - 1 - Question 19

In how much time will the simple interest on $3,500 at the rate of 9% p.a be the same as simple interest on $4,000 at 10.5% p.a for 4 years?

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Olympiad Test: Simple Interest - 1 - Question 20

In what time will Rs 8500 amount to Rs 15767.50 at 4.5% per annum?

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