Simple Interest Quiz Online Test – Aptitude Questions and Answers

Simple Interest

Basic Concepts along with the Simple Interest Quiz Online Test is available in this article. Therefore, all those people who are training themselves for different Competitive Test, Bank Exams, IT Openings in Simple Interest Aptitude Section, here is the reliable source. Now, down in this post, we are providing some Tactics along with some Basic Formulae. Now, prepare with the help of them. And then go on and take the Simple Interest Quiz Online Test. Well, while taking many Quizzes, aspirants problems like they have search another site or the Answers and Solutions. But here in the Freshersnow.com, our team has done enough research and gathered these questions. Well, the Added benefit is that you will get the answer soon after along with the Solution and proper explanation. Amazing right? Exactly, therefore, check them and take the Quiz. You are a click away for your better preparation on Simple interest.

Simple Interest Quiz Aptitude Online Test

Quiz NameSimple Interest
CategoryAptitude
Number of Questions25
Time30 Minutes
Exam TypeMCQ (Multiple Choice Questions)

Simple Interest Aptitude Quiz – Practice Now

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 4%

Question 1 of 25


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1. At what rate percent per annum will a sum of money double in 8 years.

Question 1 of 25

Question 2 of 25

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

Question 2 of 25

Question 3 of 25

3. What is the rate of simple interest?

I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years.

Question 3 of 25

Question 4 of 25

4. A sum of Rs. 25000 becomes Rs. 27250 at the end of 3 years when calculated at simple interest. Find the rate of interest.

Question 4 of 25

Question 5 of 25

5. Ariel takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.

Question 5 of 25

Question 6 of 25

6. The simple interest on Rs. 1820 from March 9, 2005, to May 21, 2005, at 7.5% rate will be:

Question 6 of 25

Question 7 of 25

7. In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?

Question 7 of 25

Question 8 of 25

8. A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes.

Question 8 of 25

Question 9 of 25

9. The sum required to earn a monthly interest of Rs 400 at 10 % per annum at simple interest is

Question 9 of 25

Question 10 of 25

10. A man borrowed some amount, after 3 years he paid Rs.10,400/- with 10% interest, then how much Amount he borrowed?

Question 10 of 25

Question 11 of 25

11. A person took some amount with some interest for 2 years, but increase the interest for 1%, he paid Rs.120/- extra, then how much amount he took?

Question 11 of 25

Question 12 of 25

12. The car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the total cost of the car?

Question 12 of 25

Question 13 of 25

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

Question 13 of 25

Question 14 of 25

14. What annual installment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

Question 14 of 25

Question 15 of 25

15. A sum fetched a total simple interest of 4016.25 at the rate of 9 %.p.a. in 5 years. What is the sum?

Question 15 of 25

Question 16 of 25

16. Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.

Question 16 of 25

Question 17 of 25

17. In 10 years, A wants simple interest to be of the amount. So, what should be the rate percent per annum?

Question 17 of 25

Question 18 of 25

18. A borrow taken by a man, for every 5 years it will be doubled, then how much time it will be taken

Question 18 of 25

Question 19 of 25

19. In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?

Question 19 of 25

Question 20 of 25

20. A borrow took by a man, for every 8 years it will be 3 times, then what is the rate of the interest?

Question 20 of 25

Question 21 of 25

21. A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount

Question 21 of 25

Question 22 of 25

22. Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal?

Question 22 of 25

Question 23 of 25

23. In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%

Question 23 of 25

Question 24 of 25

24. 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?

Question 24 of 25

Question 25 of 25

25. Ramya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him.

Question 25 of 25


 

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Simple Interest Important Formula’s & Terms

  • Simple interest = (P x R x T)/100
  • p= (100 x SI)/R x T
  • R= (100 x SI)/P x T
  • T= (100 x SI)/P x R

Principal = P, Rate = R% per annum (pa) and Time = T years

  • Principal: Money Lent or Borrowed for a Time Period is the Principal or the Sum
  • Interest: Money that is paid extra for using the third Parties money.

So, basically, the above Stated Formulae will help all the individuals to get a grip on the Simple Interest Problems. Therefore, now all you have to do is check the total formula and basic terms. Get an overall idea. And then proceed with taking the Simple Interest Quiz. Now, with the help of this, you can easily answer the Questions.

Simple Interest Aptitude Questions and Answers

While preparing for Aptitude Tests like Simple Interest, many people try to take the various online quizzes. But in some, they are unable to find the Proper Answers with Solutions and Explanations. Therefore, many of the people are unable to know the Simple interest Concept properly. Hence, to help all such aspirants. Here we are gathering the questions on Simple interest. And Of course, these are of different levels. Check them. And try to answer them. And eventually, you will Master the notion. Now, here in this quiz, we are providing the Questions in the form of the objective Type. Therefore, all the aspirants can take this Simple Interest Quiz Online Test in the form of the Multiple Choice Questions.

Simple interest Problems Solving Tricks

Well, the Main key to solve problems like this, is memorizing the Formulas. Yes, knowing the Formulae is the main key. So, first of all, check the Basic Formulas. And then proceed to check the Question. Read it properly. And find what the Questioner asked you to find out. Then use the proper formula. Well, practice will make you more strong in this Area.

Hope, all the users are satisfied with the help we provided regarding the Simple Interest. And please remember that you can take this quiz anytime and Numerous times. To get more such informative articles and updates, check our site daily.

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