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

Answer : C. 12 years





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