Simple Interest - Aptitude Interview Questions and Answers
1. A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest ?
A. Rs 850 , 10%
B. Rs 900, 12%
C. Rs 800, 13%
D. Rs 1000,15%
Answer : D.Rs 1000, 15%
2. If the simple interest on a certain sum of money is 4/25 of the sum and the rate percent equals the number years, then the rate of interest per annum is :
A. 4 %
B. 5 %
C. 8 %
D. 10 %
Answer : A. 4 %
3. The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being offered ?
A. 40%
B. 20%
C. 15%
D. 12%
Answer : B. 20%
4. A Certain sum of money amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest. The sum is_____
A. 1200
B. 1250
C. 1050
D. 1000
Answer : B. 1250
5. Alok deposits Rs.5,000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?
A. 2000
B. 3000
C. 8300
D. 8000
Answer : D. 8000
6. Ramakant wants to earn Rs. 1,500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?
A. 8 years
B. 10 years
C. 12 years
D. 15 years