Quantitative Aptitude - Arithmetic Ability Questions

Q:

What Principal will yield Rs. 120 as Simple Interest at 6% p.a. in 10 years?

A) ₹ 120 B) ₹ 180
C) ₹ 200 D) ₹ 210
 
Answer & Explanation Answer: C) ₹ 200

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Q:

The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?

A) 4% B) 5%
C) 6% D) Inadequate data
 
Answer & Explanation Answer: B) 5%

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Q:

A sum of Rs. 10,000 is lent partly at 6% and the remaining at 10% p.a. If the yearly interest on the average is 9.2%, the money lent at 10% is:-

A) Rs. 8000 B) Rs. 8500
C) Rs. 5000 D) Rs. 2000
 
Answer & Explanation Answer: A) Rs. 8000

Explanation:

Let the amount at 6% be x
Amount at 10% be (10000 –x)
At 9.2 % interest, SI = 10000 X 9.2 X 1/100 = 920
Amount = 10920
⇒ 6x/100 + (10000 – x)10/100 = 920
⇒ 6x – 10x + 100000 = 92000
⇒ 4x = 8000
⇒ x = 2000
Money lent at 10 % = 10000 – 2000 = 8000

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Q:

Simple Interest received by a person in 10 years on a principal of Rs 9500 is 130% of the principal. What is the rate of interest (in %) per annum?

A) 12 B) 13
C) 15 D) 19
 
Answer & Explanation Answer: B) 13

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Q:

A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)?

A) 200 B) 500
C) 1000 D) 250
 
Answer & Explanation Answer: B) 500

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Q:

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 10,000 at 40% per annum compounded quarterly and annually?

A) 461 B) 346
C) 463 D) 641
 
Answer & Explanation Answer: D) 641

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Q:

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 10000 after 3 years at the same rate?

A) Rs 1576.25 B) Rs 6305
C) Rs 7881.25 D) Rs 4728.75
 
Answer & Explanation Answer: A) Rs 1576.25

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Q:

If the time increases by 5 years, then simple interest increases by Rs 3000 on a sum of Rs 5000. What is the rate (in percentage) of interest per annum?

A) 15 B) 12
C) 10 D) 6
 
Answer & Explanation Answer: B) 12

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