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    Quantitative Aptitude : Simple Interest Question & Answer in English (Level-1)

  Level-1 Ques. in 

A person takes a loan of Rs. 2500 at 4 % simple interest. He returns Rs. 1500 at the end of 1 year. What amount he would pay to clear his dues at the end of 2 years ?
A.  Rs. 1100
B.  Rs. 1140
C.  Rs. 1050
D.  Rs. 1150

Ram borrows a sum from Mohan at the rate of 8 % p.a. simple interest.After 2 years he had to pay Rs. 1600 as interest,only for the period.The principle amount borrowed by Ram was :
A.  Rs. 9500
B.  Rs. 11000
C.  Rs. 10000
D.  Rs. 10500

A certain amount earns simple interest of Rs. 2500 after 5 years. If the rate of interest increases by 3 %,how much more interest would it have earned?
A.  Rs. 50
B.  Rs. 250
C.  Rs. 340
D.  Cannot determind

A sum of money amounts to Rs. 10560 after 4 years and Rs. 11840 after 6 years at the same rate of simple interest.The rate of interest per annum is :
A.  6 %
B.  8 %
C.  7 %
D.  9 %

Sohan received a sum at 12 % p.a. simple interest. After 5 years he returned the principal and interest. If he returned Rs. 16000. What was the principal amount?
A.  Rs. 9000
B.  Rs. 9500
C.  Rs. 10000
D.  Rs. 10500

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