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Why Aptitude Simple Interest is Required?

In this Aptitude section you can learn and practice Aptitude Questions with Answers based on "Simple Interest" to improve your skills in order to face written test by IT companies, interview and various entrance tests like Bank Exams, Railway Exams,ICET, GATE, CAT, GRE, MAT, etc.

Where can I get Aptitude Simple Interest Questions and Answers with Explanation?

AllIndiaExams provides you lots of fully solved Aptitude Simple Interest questions and answers with explanation. Fully solved examples with detailed answer description. All students, freshers can download Aptitude quiz questions with answers as PDF files and eBooks.

Where can I get objective type, multiple choice Aptitude Simple Interest Interview Questions and Answers?

Here you can find both objective type and Multiple Choice Aptitude Simple Interest questions and answers for interview and entrance examination. True or false type questions are also provided here. Practice these bits well to get success in interviews or entrance tests

How to solve these Aptitude Simple Interest problems?

You no need to worry, we have given lots of solved Aptitude Simple Interest questions with detailed explanation and also we have provided lots of short cut methods to quickly solve the questions within short time. So you can easily solve all kind of questions.

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Simple Interest - Aptitude Questions and Answers

This is aptitude questions and answers section on Simple Interest with explanation for various interview, competitive examinations and entrance tests.

Simple Interest Online Test - Simple Interest Quiz Details

Online Test Name Simple Interest
Exam Type Multiple Choice Questions
Category Aptitude Quiz
Number of Questions 113

Simple Interest Formulae

SI = Simple Interest; A = Amount; P = Principal; T = Time; R = Rate of interest
SI = (P * T * R) / 100
A = P + SI
P = (100 * A) / (100 + RT)
SI = ART / (100 + RT)
P = (100 * SI) / TR
T = (100 * SI) / PR
R = (100 * SI) / PT
1. Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?
  • A. Rs.1000
  • B. Rs.1100
  • C. Rs.1050
  • D. Rs.1200
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Answer & Explanation

Answer: Option A

Explanation:

1120 = P [1 + (5*12/5)/100]

 P= 1000

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2. What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?
  • A. Rs.525
  • B. Rs.500
  • C. Rs.550
  • D. Rs.555
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Answer & Explanation

Answer: Option B

Explanation:

70 = (P*4*7/2)/100

P = 500

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3. At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years?
  • A. 5%
  • B. 3 1/2%
  • C. 4%
  • D. 5 1/2 %
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Answer & Explanation

Answer: Option C

Explanation:

150 = (750*5*R)/100

R = 4%

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4. What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in 4 Years?
  • A. 5%
  • B. 6%
  • C. 4 1/2%
  • D. 3 1/2 %
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Answer & Explanation

Answer: Option A

Explanation:

160 = (180*4*R)/100

R = 5%

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5. Find the simple interest on Rs.500 for 9 months at 6 paisa per month?
  • A. Rs.345
  • B. Rs.270
  • C. Rs.275
  • D. Rs.324
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Answer & Explanation

Answer: Option B

Explanation:

I = (500*9*6)/100 = 270

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