Simple Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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41. Anil invested a sum of money at a certain rate of simple interest for a period of five years. Had he invested the sum for a period of eight years for the same rate, the total intrest earned by him would have been sixty percent more than the earlier interest amount. Find the rate of interest p.a
- 0.08
- 0.09
- 0.06
- Cannot be determined
42. Manoj borrowed Rs.3450 from Anwar at 6% p.a. simple interest for three years. He then added some more money to the borrowed sum and lent it to Ramu for the same time at 9% p.a. simple interest. If Manoj gains Rs.824.85 by way of interest on the borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Ramu?
- Rs. 5553
- Rs. 5533
- Rs. 5350
- Rs.5355
43. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest?
- 0.14
- 0.16
- 0.1
- 0.12
44. The simple interest accrued on an amount Rs.10,000 at the end of two years is same as the compound interest on Rs.8,000 at the end of two years. The rate of interest is same in both the cases. What is the rate of interest?
- 0.25
- 0.75
- 1
- 0.5
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