Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

An amount of Rs. 2143 is split into two parts. The first part is invested @8% for 6 years, and the second @6% for 8 years. What is the ratio of the first part is to the second part if they yield the same amount of simple interest?

**A**

1.

**B**

$1{1/48}$.

**C**

${47/48}$.

**D**

$1{1/24}$.

**Soln.**

**Ans: a**

Let the amounts be x and y. We have x × r_{1} × t_{1} = y × r_{2} × t_{2}. We can see that x : y is same as r_{2}t_{2} : r_{1}t_{1}. The ratio is (6 × 8) : (8 × 6) = 48 : 48, or same as 1. *Please note that the answer is independent of the value of the total amount.*

### Question 2

An investor puts an amount of Rs. 3200 in a simple interest scheme. If the rate of interest is 4%, how long does he have to wait for getting an amount of Rs. 3840?

### Question 3

An investor puts an amount of Rs. 3000 in a simple interest scheme. If the rate of interest is 6% per month, how long does he have to wait for getting an amount of Rs. 4080?

### Question 4

The simple interest on a certain principal sum @9% for a period of 7 years is Rs. 3087. What is the sum?

### Question 5

Simple interest on a certain sum of money is $1/4$ of the sum for 5 years. What is the rate of interest?

### More Chapters | See All...

Verification of truth | Alligations and Mixtures | Averages | Hidden Figures | Classification Test | Decimal Numbers | Image Series | abba Series | Ratio and Proportion | Data Sufficiency | More...

This Blog Post/Article "Simple Interest Quiz Set 006" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2020-02-07. Published on: 2016-05-01