MCQ
Tom invested an amount of INR 13,900 divided into two schemes S1 and S2 at simple interest of 14% p.a. and 15% p.a. respectively.
If the total interest earned after 2 years is INR 3,508 then, find the amount invested in scheme S2.
Option: A
6,400
Option: B
6,500
Option: C
6,600
Option: D
6,700
Vijay invested Rs. 100,000 in two types of shares. The first investment yields an interest of 9% p.a. and the second 11% p.a.
If the total interest at the end of 1 year is 39/4% then the amount invested in each share was?
Option: A
62,500 and 37,500
Option: B
82,500 and 17,500
Option: C
52,500 and 47,500
Option: D
72,500 and 27,500
If the annual rate of interest declined from 8% to 31/4% and the income diminished by Rs. 61.50 then what was the capital?
Option: A
23,600
Option: B
24,600
Option: C
25,600
Option: D
26,600
The difference between the simple interest earned from two different sources on $1500 for 3 years is $13.50. What is the difference between their rate of interest?
Option: A
0.1%
Option: B
0.2%
Option: C
0.3%
Option: D
0.4%
Alice lent $5000 to Bob and $3000 to Eve for 4 years on simple interest at the same rate. She received $2200 after 4 years in all from both of them as interest. What is the rate of interest per annum?
Option: A
10%
Option: B
11%
Option: C
12%
Option: D
13%
If a sum of money becomes 7/6 of itself in 3 years at R% p.a. simple interest. Find the rate of interest.
Option: A
50/9%
Option: B
59/9%
Option: C
62/9%
Option: D
67/9%
In how many years would the simple interest on certain sum be 0.125 times the principal at 10% p.a.?
Option: A
7/4 years
Option: B
5/4 years
Option: C
11/4 years
Option: D
9/4 years
At what rate of interest will a sum of money double itself in 12 years?
Option: A
22/3%
Option: B
25/3%
Option: C
28/3%
Option: D
31/3%
If a sum of money amounts to INR 9800 and INR 12005 after 5 and 8 years respectively at the same rate of simple interest then, find the interest rate per annum.
Option: A
10%
Option: B
12%
Option: C
14%
Option: D
16%
If a sum of money at simple interest amounts to $815 and $854 in 3 and 4 years respectively then what was the amount that was invested?
Option: A
$698
Option: B
$690
Option: C
$798
Option: D
$790
Monty borrowed X amount of money from the bank at 6% p.a. for the first 3 years, 9% p.a. for the next 5 years and 13% p.a. for beyond 8 years. If we paid total INR 8160 as interest at the end of 11 years then what was the amount he borrowed?
Option: A
9000
Option: B
11000
Option: C
8000
Option: D
10000
In how many years Rs. 150 will produce the same interest at 8% p.a. as Rs. 800 produce in 3 years at 4.5% p.a.?
Option: A
6 years
Option: B
7 years
Option: C
8 years
Option: D
9 years
If Rs. 800 becomes Rs. 956 in 3 years at R% p.a. simple interest. So, if the rate is increated by 4% then what will Rs. 800 become in 3 years?
Option: A
1050
Option: B
1051
Option: C
1052
Option: D
1053
If Rs. 12,500 amount to Rs. 15,500 in 4 years at R% p.a. simple interest then what is the value of R?
Option: A
6%
Option: B
7%
Option: C
5%
Option: D
4%
At what rate p.a. simple interest will a sum of money double itself in 16 years?
Option: A
25/4%
Option: B
26/4%
Option: C
27/4%
Option: D
28/4%
Find simple interest if Rs. 100 is invested at 10% p.a. for 3 months.
Option: A
2.5
Option: B
3.5
Option: C
4.5
Option: D
5.5