# Simple Interest Quantitative Aptitude Questions and Answers section on “Simple Interest” with solution and explanation for competitive examinations such as CAT, MBA, SSC, Bank PO, Bank Clerical and other examinations.

# The simple interest on 7300 Rs. from 11 May, 1987 to 10 september, 1987 (both days included) at 5% per annum is :

The simple interest on 7300 Rs. from 11 May, 1987 to 10 september, 1987 (both days included) at 5% per annum is : [A]103 Rs. [B]123 Rs. [C]200 Rs. [D]223 Rs. Show Answer 123 Rs. Time from 11 May to 10 September, 1987 = 21 + 30 + 31 + 31 + 10 = 123 ..

# A man had 16000 Rs., part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 Rs. In one year, the money lent at 4% per annum was :

A man had 16000 Rs., part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 Rs. In one year, the money lent at 4% per annum was : [A]6000 Rs. [B]8000 Rs. [C]10000 Rs. [D]12000 Rs. Show Answer 10000 Rs. Let the ..

# A person deposited 400 Rs. for 2 years, 550 Rs. for 4 years and 1200 Rs. for 6 years. He received the total simple interest of 1020 Rs. The rate of interest per annum is :

A person deposited 400 Rs. for 2 years, 550 Rs. for 4 years and 1200 Rs. for 6 years. He received the total simple interest of 1020 Rs. The rate of interest per annum is : [A]5% [B]10% [C]15% [D]20% Show Answer 10% Let the rate of interest be R per cent per annum. Hence ..

# 1000 Rs. is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2000 Rs. after :

1000 Rs. is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become 2000 Rs. after : [A] [B] [C] [D] Show Answer After 10 years Principal for 11th year = 1000 + 500 = 1500 Rs. ∴ Total time Hence option ..

# A man lent 60000 Rs. partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560 Rs. the money lent at 4% was :

A man lent 60000 Rs. partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560 Rs. the money lent at 4% was : [A]30000 [B]40000 [C]44000 [D]45000 Show Answer 44000 Let the amount lent at 4% be x ∴ Amount lent at 5% = (60000 – x) According ..