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68
Q:

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

A) Rs.35 B) Rs.245
C) Rs.350 D) cannot be determined

Answer:   D) cannot be determined



Explanation:

We need to know the S.I, principal and time to find the rate. Since the principal is not given, so data is inadequate.

Subject: Simple Interest - Quantitative Aptitude - Arithmetic Ability
Exam Prep: GRE
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The rate of simple interest on a sum of money is 5% p.a. for the first 4 years, 8% p.a. for the next 3 years and 10% p.a. for the period beyond 7 years. If the simple interest accrued by the sum over a period of 10 years is ₹1,850, then the sum is:

 

A) ₹2,750 B) ₹1,650
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Answer & Explanation Answer: C) ₹2,500

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Answer & Explanation Answer: A) Rs. 5,937.5

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Answer & Explanation Answer: C) 75  

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The simple interest on a sum of money for 3 years at an interest rate of 6% p.a. is Rs.6,750. What will be the compound interest rounded off on the same sum at the same rate for the same period, compounded annually is closest to :

 

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Answer & Explanation Answer: B) Rs. 7,163

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A) 36/7 B) 27/7
C) 15/7 D) 30/7
 
Answer & Explanation Answer: D) 30/7

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The simple interest on a sum of money is Rs. 100. What is the sum?

 

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II. The sum earned simple interest in 5 years.

 

A) Both statements I and II are sufficient B) Only statement I is sufficient
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Answer & Explanation Answer: A) Both statements I and II are sufficient

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