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Arithmetic Ability
Interest
Quiz 6
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Q.1
A sum becomes 4 times at simple interest in 10 years. What is the rate of interest?
10%
20%
30%
40%
Q.2
Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of depreciation is 14(
2
/
7
) % per annum. Find the value of the van after two years.
Rs. 1,40,000
Rs.1,44,000
Rs. 1,50,000
Rs. 1,60,000
None of these
Q.3
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
4%
5%
3%
6%
3.5%
Q.4
What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?
Rs. 12.60
Rs. 11.30
Rs. 15
Rs. 13
None of these
Q.5
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
Rs. 450
Rs. 524
Rs. 600
Rs. 624
Q.6
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
Rs. 1380
Rs. 1290
Rs. 1470
Rs.1200
Rs. 1240
Q.7
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
8%
9%
10%
11%
12%
Q.8
Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440.
8%
9%
10%
11%
12%
Q.9
What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
Rs. 5
Rs. 10
Rs. 20
Rs. 40
None of these
Q.10
Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
Rs. 1200
Rs.1300
Rs. 1400
Rs. 300
None of these
Q.11
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
Rs. 2300
Rs. 2315.25
Rs. 2310
Rs. 2320
None of these
Q.12
Find the difference between the simple interest and the compound interest at 5% per annum for 2 years on principal of Rs. 2000.
5
10.5
4.5
5.5
None of these
Q.13
What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
Rs. 269.5
Rs. 283
Rs. 273
Rs. 280
None of these
Q.14
Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 month when interest is compounded half yearly.
Rs. 331
Rs. 1331
Rs. 320
Rs. 325
None of these
Q.15
A money lender finds that due to fall in the annual rate of interest from 8% to $${\text{7}}\frac{3}{4}{\text{%,}}$$ his yearly income diminishes by Rs. 61.50. His capital is = ?
Rs. 22400
Rs. 23800
Rs. 24600
Rs. 26000
Q.16
Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.
Rs. 1000
Rs. 2200
Rs. 2000
Rs. 1100
Rs. 1200
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