Simple Interest Aptitude Test Paper 11) If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?
The Correct answer is (B) Answer with explanation: Principal amount = Rs. 36000 Rate of interest = 6 Number of years or time = 6 years 2) If A lends Rs. 4500 to B at 8% per annum and B lends the same sum to C at 10% per annum, find the gain of B in a period of 3 years.
The Correct answer is (D) Answer with explanation: The gain of B will be equal to the difference between the interest which C pays to D and the interest which B pays to A for the amount borrowed. = 1350  1080 = Rs. 270 3) In how many years the simple interest on Rs. 6000 at 10% rate of interest S.I will become Rs. 1800?
The Correct answer is (A) Answer with explanation: Principal = Rs. 6000 Simple Interest = Rs. 1800 Rate of interest = 10% Number of years or time =? 4) Sohan has borrowed Rs. 5000 at the rate of 6% S.I. what amount he needs to pay after 3 years to clear the debt?
The Correct answer is (B) Answer with explanation: Principal = Rs. 5000 Rate of interest= 6% Time period = 3 years 5) In what time Rs. 6000 will give interest of Rs. 720 at the rate of 6% p.a. S.I.?
The Correct answer is (B) Answer with explanation: Principal = Rs. 6000 Interest = Rs. 720 Rate of interest = 6% Time or number of years =? Aptitude Simple Interest Test Paper 2 Simple Interest Concepts
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