Simple Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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66. The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is?
- 0.006
- 0.3%
- 0.012
- 0.018
67. Peter invested an amount of Rs. 12,000 at the rate of 10% p.a simple interest and another amount at the rate of 20% p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14% p.a. Find the total amount invested?
- Rs. 40,000
- Rs. 20,000.
- Rs. 10,000
- Rs. 500
68. If the annual rate of simple interest increases from 10% to 12 1/2 %, a man's yearly income increases by Rs. 1250. His principal in Rs. is?
- 25000
- 50000
- 15000
- 55000
69. A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is?
- Rs. 24000
- Rs. 24600
- Rs. 25000
- Rs. 26000
70. The price of a T.V. set worth Rs. 20000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?
- Rs. 20000
- Rs. 19000
- Rs. 18000
- Rs. 17000
