Quant Quiz Based on Study notes |

Q1. If the simple interest on a certain sum at 4% per annum for 4 years is Rs. 80 more than the interest on the same sum for 3 years at 5% per annum, find out the sum.

(a) 8000

(b) 10000

(d) 9500

Q2. A sum Rs. 2 is lent to be paid back in 3 equal monthly installments of Rs. 1 each. Find the rate per cent.

(a) 4

(b) 40

(d) 4000

Q3. A certain sum is invested for certain time. It amounts to Rs. 450 at 7% per annum. But, when invested at 5% per annum, it amounts to Rs. 350. Find out the sum and time.

(a) 100 and 50 year

(b) 100 and 30 year

(d) 200 and 8 year

Q4. If a sum of Rs. 1600 is divided into two such parts that the simple interest on the first part for 2 years at the rate of 4% p.a. equals the simple interest on the second part for 5 years at the rate of 3% p.a. then find two such division of the sum.

(a) Rs. 865 and 735

(b) Rs. 860 and 740

(d) Rs. 845 and 645

Q5. The simple interest on Rs. 500 at 6% per annum from May 3rd to July 15th in the same year is:

(a) Rs. 9

(b) Rs. 6

(d) None of these

Q6. The annual payment that will discharge a debt of Rs. 47250 due 3 years, hence at the rate of 5% simple interest is:

(a) Rs. 8000

(b) Rs. 10000

(d) None of these

Q7. The annual installment that will discharge a debt of Rs. 4200 due in 5 years at 10% simple interest is:

(a) Rs. 700

(b) Rs. 750

(d) None of these

Q15. A took two loans altogether of Rs. 1200 from B and C. B claimed 14% simple interest per annum, while C claimed 15% per annum. The total interest paid by A in one year was Rs. 172. Then A borrowed:

(a) Rs. 800 from C

(b) Rs. 625 from C

(d) Rs. 800 from B