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Interest aptitude questions and answers - Page 1

1. Find the Simple Interest on $ 1600 for 3 years at 5% per annum.

A. 280

B. 300

C. 240

D. 250

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2. Robert borrowed a sum of $6000 at the rate of 6% p.a. Find the amount to be paid by him at the end of 6 years.

A. $ 8016

B. $ 8106

C. $ 8601

D. $ 8160

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3. At what rate per annum will the S.I. on $ 8000 for 2 years is 960? (Note : S.I. stands for Simple interest)

A. 5 %

B. 4 %

C. 6 %

D. 8 %

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

A. $ 680

B. $ 690

C. $ 698

D. $ 702

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

A. Rs. 650

B. Rs. 690

C. Rs. 698

D. Rs. 700

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