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

  Level-1 Ques. in 

16.
A man took loan from a bank at the rate of 12% P.A. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. the principal amount borrowed by him was.
A.  Rs. 2000
B.  Rs. 1000
C.  Rs. 15000
D.  Rs. 20000

17.
The interest on a certain deposit at 4.5% P.A. is Rs 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% P.A.?
A.  Rs. 22.5
B.  Rs. 225
C.  Rs. 20.25
D.  Rs. 427.5

18.
At 5% per annum simple interest, Ram borrowed Rs.500. What amount will he pay to clear the debt after 4 years.
A.  Rs.750
B.  Rs.700
C.  Rs.650
D.  Rs.600

19.
In how many years will a sum of money double itself at 8% per annum?
A.  6 years 6 months
B.  12 years 6 months
C.  8 years 4 months
D.  10 years 4 months

20.
In how many years will a sum of money double itself at 16% per annum.
A.  6 years 3 months
B.  6 years 6 months
C.  4 years 6 months
D.  4 years 3 months

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