Simple Interest - Interview Questions

Ramakant wants to earn Rs. 1500 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 ?

Answer : C . 12 years

Alok deposits Rs.5000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?

Answer : D . 8000

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 ?

Answer : B. 1250

The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being offered ?

Answer : B. 20%

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 ?

Answer : A. 4 %…

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 ?

Answer : D. Rs 1000, 15%…