Simple Interest - Aptitude Questions and Answers Part 3

11. Anu has a debt of Rs 2360/- to repay. What annual installment should she pay to pay it off completely in 4 years at a simple interest of 12% per annum?

a. Rs. 300
b. Rs. 400
c. Rs. 500
d. Rs. 600


12. I have Rs 10,200/- extra this month and I decide to invest them partly at simple interest and partly at compound interest. The interest I earn by investing this money at 10% compound interest for 2 years is same as what I earn by investing it at 5% per annum simple interest for 6 years. Find the sum invested at simple interest.

a. Rs. 4200
b. Rs. 4800
c. Rs. 5800
d. Rs. 6000


13. A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged.

a. 10%
b. 12.5%
c. 15%
d. 20%

14. Given: SI =	9	* Principal
	16

Rate of interest % = Time in years
Find the time for which the principal is lent out.  

a. 5	1	years
	2

b. 6	1	years
	2

c. 7 years

d. 7	1	years
	2

15. A man has a total of Rs 2600/-. He invests it partly at 4%, 6% and 8% per annum simple interest. The interest earned in all the three cases is equal. Find the amount he invested at 4%.

a. Rs. 200
b. Rs. 600
c. Rs. 800
d. Rs. 1200