Simple Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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46. How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
- 4 years
- 8 years
- 12 years
- 6 years
47. A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?
- 0.06
- 0.12
- 0.24
- 0.36
48. 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?
- 6
- 12
- 24
- 3
49. A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?
- 15000
- 30000
- 45000
- 7500
- 120
- 60
- 180
- 240
