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Q:

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

A) 3.46%	B) 4.5%
C) 5%	D) 6%

Answer & Explanation Answer: A) 3.46%

Explanation:

Let the original rate be R%. Then, new rate = (2R)%.

Note: Here, original rate is for 1 year(s); the new rate is for only 4 months i.e.1/3 year(s).

$(\frac{725 * R * 1}{100}) + (\frac{362.50 * 2 R * 1}{100 * 3}) = 33.50$

=> (2175 + 725) R = 33.50 x 100 x 3

=> (2175 + 725) R = 10050

=> (2900)R = 10050

=> $R = \frac{10050}{2900} = 3.46$

Original rate = 3.46%

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Filed Under: Simple Interest
Exam Prep: GRE

Q:

A Rent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

A) 5%	B) 7%
C) 7.5%	D) 10%

Answer & Explanation Answer: D) 10%

Explanation:

Let the rate be R% p.a.

Then, $\frac{5000 \times r \times 2}{100} + \frac{3000 \times r \times 4}{100} = 2200$

Rate = 10%

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

Q:

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest

A) 3%	B) 4%
C) 5%	D) 6%

Answer & Explanation Answer: D) 6%

Explanation:

S.I. = Rs. (15500 - 12500) = Rs. 3000.

Rate = $(\frac{100 * 3000}{12500 * 4})$ % = 6%

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Filed Under: Simple Interest
Exam Prep: GRE

Q:

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

A) 3.5 years	B) 4 years
C) 4.5 years	D) 5 years

Answer & Explanation Answer: B) 4 years

Explanation:

Time = (100 x 81)/(450 x 4.5) years

= 4 years.

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Filed Under: Simple Interest
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Q:

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

A) 650	B) 690
C) 698	D) 700

Answer & Explanation Answer: C) 698

Explanation:

S.I. for 1 year = Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698

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Filed Under: Simple Interest
Exam Prep: GRE

Q:

A cistern of capacity 8000 litres measures externally 3.3 m by 2.6 m by 1.1 m and its walls are 5 cm thick. The thickness of the bottom is:

A) 90 cm	B) 1 dm
C) 1 m	D) 1.1 cm

Answer & Explanation Answer: B) 1 dm

Explanation:

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Filed Under: Volume and Surface Area

Q:

In a shower, 5 cm of rain falls. The volume of water that falls on 1.5 hectares of ground is:

A) 75 cubic meter	B) 750 cubic meter
C) 7500 cubic meter	D) 75000 cubic meter

Answer & Explanation Answer: B) 750 cubic meter

Explanation:

1 hectare = 10,000 Sq.m

So, Area = (1.5 x 10000) Sq.m

Depth = 5/100 m = 1/20 m

Therefore, Volume = Area X Depth = 15000 x (1/20)= 750 cu.m

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Filed Under: Volume and Surface Area

Q:

50 men took a dip in a water tank 40 m long and 20 m broad on a religious day. If the average displacement of water by a man is 4 cu.m , then the rise in the water level in the tank will be:

A) 20 cm	B) 25 cm
C) 35 cm	D) 50 cm

Answer & Explanation Answer: B) 25 cm

Explanation:

Total volume of water displaced =(4 x 50) cu.m = 200 cu.m

Rise in water level = $(\frac{200}{40 \times 20})$ =0.25m = 25cm

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Filed Under: Volume and Surface Area

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