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Simple Interest - Aptitude Questions and Answers

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Simple Interest - Aptitude Questions and Answers

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Aptitude :: Simple Interest

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1. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: A.Rs. 650 B.Rs. 690 C.Rs. 698 D.Rs. 700 Answer & Explanation Answer: Option C Explanation: S.I. for 1 year = Rs. (854 - 815) = Rs. 39. S.I. for 3 years = Rs.(39 x 3) = Rs. 117. Principal = Rs. (815 - 117) = Rs. 698. View Answer Workspace Report Discuss in Forum 2. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
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Simple Interest - Aptitude Questions and Answers

A.Rs. 6400 C.Rs. 7200 E. None of these Answer & Explanation Answer: Option A Explanation:

B.Rs. 6500 D.Rs. 7500

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Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x ). Then, x x 14 x 2 (13900 - x ) x 11 x 2 + = 3508 100 100

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28x - 22x = 350800 - (13900 x 22) 6x = 45000 x = 7500. So, sum invested in Scheme B = Rs. (13900 - 7500) = Rs. 6400. View Answer Workspace Report Discuss in Forum 3. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum? A.Rs. 4462.50 B.Rs. 8032.50 C.Rs. 8900 D.Rs. 8925 E. None of these Answer & Explanation Answer: Option D Explanation: Principal= Rs. 100 x 4016.25 9 x5
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Simple Interest - Aptitude Questions and Answers

Overview
Important Formulas

= Rs. 401625 45 = Rs. 8925. View Answer Workspace Report Discuss in Forum

Exercise
General Questions Data Sufficiency 1 Data Sufficiency 2

4. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? A.3.5 years B.4 years C.4.5 years D.5 years "The secret to creativity is knowing Answer & Explanation how to hide your sources." - Albert Einstein Answer: Option B Explanation: Time = 100 x 81 = 4 years. 450 x 4.5 years

View Answer Workspace Report Discuss in Forum 5. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? A.3.6 B.6 C.18 D.Cannot be determined E. None of these Answer & Explanation Answer: Option B Explanation: Let rate = R% and time = R years. Then, 1200 x R x R 100 = 432

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Simple Interest - Aptitude Questions and Answers

12R2 = 432 R2 = 36 R = 6. View Answer Workspace Report Discuss in Forum 123Next >

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Read more: Simple Interest - Important Formulas Simple Interest - Data Sufficiency 1 Simple Interest - Data Sufficiency 2
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Simple Interest - Aptitude Questions and Answers

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