# Simple Interest Quiz for IBPS PO Pre

Q1. A borrows Rs. 800 at the rate of 12% per annum simple interest and B borrows Rs. 910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal?
(a) 18
(b) 20
(c) 22
(d) 24
(e) 28

Q2. A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1200 for 6 years. He received the total simple interest of Rs. 1020. The rate of interest per annum is (rate of interest in each case is same)
(a) 10%
(b) 5%
(c) 15%
(d) 20%
(e) 25%

Q3. A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?
(a) 8 years
(b) 10 years
(c) 12 years
(d) 14 years
(e) 16 years

Q4. The simple interest on a certain sum for 8 months at 4% per annum is Rs. 129 less than the simple interest on the same sum for 15 months at 5% per annum. The sum is:
(a) Rs. 2580
(b) Rs. 2400
(c) Rs. 2529
(d) Rs. 3600
(e) Rs. 4800

Q5. Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?
(a) Rs. 1700
(b) Rs. 1800
(c) Rs. 1900
(d) Rs. 2000
(e) Rs. 2400
Q6. Rs. 12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4½ years at 16% per annum. The ratio of the first part to the second part is
(a) 2 : 1
(b) 1 : 2
(c) 2 : 3
(d) 3 : 2
(e) 3 : 5

Q7. Abhay gave Rs 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After 2 years he got Rs 110 as interest. Then the amounts given at 4% and 5% per annum simple interest are respectively.
(a) Rs 500, Rs 700
(b) Rs 400, Rs 800
(c) Rs 800, Rs 300
(d) Rs 1100, Rs 1100
(e) Rs 1000, Rs 1100

Q8. A Money double itself in 8 years in how many years it will be 5 times?
(a) 40 years
(b) 32 years
(c) 24 years
(d) 30 years
(e) 20 years

Q9. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both as interest. The rate of interest per annum is
(a) 7%
(b) 5%
(c) 57/8%
(d) 10%
(e) 15%

Q10. Gopal lent Rs. 5000 into two parts to two men, one at 4% and another at 5%. After 1 years he gains the interest at 4.2% per annum on the total money. Find the money lent on 4%.
(a) Rs. 5000
(b) Rs. 4000
(c) Rs. 5500
(d) Rs. 4500
(e) Rs. 3500

Ans.1(c)
Ans.2(a)
Ans.3(b)
Ans.4(d)
Ans.5(d)
Ans.6(a)
Ans.7(a)
Ans.8(b)
Ans.9(d)
Ans.10(b)