Question

Virat lends Rs 5000 to robin for 3 ½ yrs simple interest. robin

returns Rs 6400. find his rate of interest.​

Answer 1

Answer:

Simple Interest - Quantitative Aptitude (MCQ) questions

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Dear Readers, Welcome to Quantitative Aptitude Simple Interest questions and answers with explanation. These Simple Interest solved examples with shortcuts and tricks will help you learn and practice for your Placement Test and competitive exams like Bank PO, IBPS PO, SBI PO, RRB PO, RBI Assistant, LIC,SSC, MBA - MAT, XAT, CAT, NMAT, UPSC, NET etc.

After practicing these tricky Simple Interest multiple choice questions, you will be exam ready to deal with any objective type questions.

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1)   Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?

- Published on 03 May 17

a. 8 years

b. 2.5 years

c. 5 years

d. 3.5 years

Answer  Explanation  

ANSWER: 5 years

Explanation:

simple interest

2)   Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?

- Published on 03 May 17

a. Rs. 16400

b. Rs. 12000

c. Rs. 12500

d. Rs. 18000

Answer  Explanation  

ANSWER: Rs. 12000

Explanation:

simple interest

3)   Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?

- Published on 03 May 17

Step-by-step explanation: