Simple Interest - Question & Answer with solution in Hindi & English

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Quantitative Aptitude : Simple Interest Question & Answer in English (Level-1)

Level-1 Ques. in

Hindi

English

1.	A money amounts to Rs. 1200 in 3 years & to Rs. 1280 in 4 years at Simple Interest.The sum is :

	A. Rs. 840	B. Rs. 960
	C. Rs. 900	D. Rs. 940
	View Answer Solution Report Error
	Answer & Solution Hide Solution Box Answer : B Solution : Answer : Option (B) Solution : Simple Interest for 1 year = Rs. (1280-1200) = Rs. 80 Simple Interest for 3 years = Rs. 80 x 3 = Rs. 240 So, Sum = Rs. 1200 - 240 = Rs. 960 Report error Hide Error Report Box

2.	How much time will it take for an amount of Rs. 1500 to get Rs. 225 as interest at 5% per annum of simple interest ?

	A. 1 year	B. 2 years
	C. 4 years	D. 3 years
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	Answer & Solution Hide Solution Box Answer : D Solution : Answer : Option (D) Solution : Time (T) = [(100 x S.I.)/(P x R)] = [(100 x 225)/(1500 x 5)] = 3 years Report error Hide Error Report Box

3.	What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?

	A. Rs. 220	B. Rs. 240
	C. Rs. 250	D. Rs. 280
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	Answer & Solution Hide Solution Box Answer : B Solution : Answer : Option (B) Solution : Simple Interest (S.I.) = (P x R x T)/100 = (2000 x 4 x 3)/100 = 240 Rs. Report error Hide Error Report Box

4.	At what rate of interest, a sum of Rs. 15000 will be Rs. 17625 in 5 years?

	A. 3 %	B. 3.5 %
	C. 4 %	D. 4.5 %
	View Answer Solution Report Error
	Answer & Solution Hide Solution Box Answer : B Solution : Answer : Option (B) Solution : Simple Interest = Rs. 17625 - 15000 = Rs. 2625 Rate = [(100 x S.I.)/(P x T)] = [(100 x 2625)/(15000 x 5)] = 3.5 % Report error Hide Error Report Box

5.	What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 2 years & for 4 years ?

	A. 2 : 1	B. 1 : 2
	C. 1 : 3	D. Cannot determind
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	Answer & Solution Hide Solution Box Answer : B Solution : Answer : Option (B) Solution : Let, Principal = P & Rate of interest = R % Required Ratio = [(P x R x 2)/100]/[(P x R x 4)/100] = 2/4 = 1/2 = 1:2 Short trick (If time is different T1 & T2 and rate of interest is same and principal is also same, then the ratio of simple interest = T1/T2 Required ratio = T1/T2 = 2/4 = 1/2 = 1:2 Report error* Hide Error Report Box