Simple Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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56. An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes?
- Rs. 8000
- Rs. 4000
- Rs. 1200
- Rs. 12000
57. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is?
- Rs. 698
- Rs. 700
- Rs. 750
- Rs. 650
58. A sum of money lent out at S.I. amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is?
- Rs. 600.
- Rs. 650
- Rs. 700
- Rs. 750
59. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is?
- 0.06
- 0.12
- 0.24
- 0.36
- 0.08
- 8 1/3 %
- 0.16
- 0.04
