• This is an assessment test.
  • To draw maximum benefit, study the concepts for the topic concerned.
  • Kindly take the tests in this series with a pre-defined schedule.

Arithmetic: Simple Interest Test-4

Congratulations - you have completed Arithmetic: Simple Interest Test-4.You scored %%SCORE%% out of %%TOTAL%%.You correct answer percentage: %%PERCENTAGE%% .Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
What total amount would Mithilesh get at the end of three years if he invests an amount of Rs.11, 200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years?
A
Rs.14, 056
B
Rs.14, 348
C
Rs.13, 852
D
Rs.15, 064
Question 1 Explanation: 
Principal = Rs. 11,200.
Amount = Rs. 11,200 X (1+.085 X 3) = Rs. 14056.
Correct option is (a)
Question 2
Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs.19, 550 at the end of 7 years, how much money did he borrow?
A
Rs.39, 500
B
Rs.42, 500
C
Rs.41, 900
D
Rs.43, 000
Question 2 Explanation: 
Let the principal be Rs. y
(y X 0.4 X 0.3)+ (y X 0.8 X 0.2)+( y X 0.9 X 0.2)= 19550
= 0.12y + 0.16y + 0.18y = 19550
= 46y = 19550 × 100
=y = Rs. 42,500.
Question 3
Srinivasan invests two equal amounts in two banks giving 10% and 12% rate of interest respectively. At the end of year the interest earned is Rs.1650/-. Find the sum invested in each.
A
Rs.8, 500/-
B
Rs.15, 000/-
C
Rs.7, 500/-
D
Rs.17, 000/-
Question 3 Explanation: 
Let the principal invested be Rs. 2x.
Therefore, 0.10x+0.12x =1650
=> 0.22x =1650
x = 1650/0.22 = Rs. 7500
Question 4
Rs.800 becomes Rs.956 in 3 years at certain simple rate of interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 years?
A
Rs.1020.8
B
Rs.1025
C
Rs.1052
D
Data inadequate
Question 4 Explanation: 
The S.I in 3 years is = Rs. 956-800 = Rs. 156.
S.I in 1 year is = Rs. 156/3 = Rs. 52.
Rate = (52/800) x 100 =6.5%
Increased amount = 6.5+4 =10.5 %
New amount is Rs. 800 (1+0.315) = 800 x 1.315 =Rs. 1052.
Question 5
A certain amount earns simple interest of Rs.1, 750/- after 7 years. Had the interest been 2% more, how much more interest would it have earned?
A
Rs.35/-
B
Rs.350/-
C
Rs.245/-
D
Cannot be determined
Question 5 Explanation: 
There will be two variables in 1 equation .
Not- determinable.
Option (d) is correct.
Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results
There are 5 questions to complete.
List
Return
Shaded items are complete.
12345
End
Return

Simple Interest (Complete Lesson): Table of Contents

Practice Tests

 

Want to explore more Arithmetic Tests?

Explore Our Arithmetic Tests

Website Popup

Join Our Newsletter

Get the latest updates from our side, including offers and free live updates, on email.

Rsz Undraw Envelope N8lc Smal
Rsz 1rsz Close Img