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Reading Test 1
Question No : 1
Q.1 The SI on a sum of money is 25% of the principal, and the rate per annum is equal to the number of years. Find the rate percent.
A. 4.5%
B. 6%
C. 5%
D. 8%
Question No : 2
Q.2 The rate of interest for first 3 years is 6% per annum, for the next 4 years, 7 per cent per annum, and for the period beyond 7 years, 7.5 percentages per annum. If a man lent out Rs 1200 for 11 years, find the total interest earned by him?
A. Rs 1002
B. Rs 912
C. Rs 864
D. Rs 948
Question No : 3
Q.3 A sum of money doubles itself in 12 years. Find the rate percentage per annum.
A. 12.5%
B. 8.33%
C. 10%
D. 7.51%
Question No : 4
Q.4 A certain sum of money amounts to Rs 704 in 2 years and Rs 800 in 5 years. Find the principal
A. Rs 580
B. Rs 600
C. Rs 660
D. Rs 640
Question No : 5
Q.5 A sum of money was invested at SI at a certain rate for 3 years. Had it been invested at a 4% higher rate, it would have fetched Rs 480 more. Find the principal.
A. Rs 4000
B. Rs 4400
C. Rs 5000
D. Rs 3500
Question No : 6
Q.6 A certain sum of money trebles itself in 8 years. In how many years will it be five times?
A. 22 years
B. 16 years
C. 20 years
D. 24 years
Question No : 7
Q.7 If CI is charged on a certain sum for 2 years at 10%, the amount becomes 605. Find the principal.
A. Rs 550
B. Rs 450
C. Rs 480
D. Rs 500
Question No : 8
Q.8 If the difference between the CI and SI on a certain sum of money is Rs 72, at 12 per cent per annum for 2 years, find the amount
A. Rs 6000
B. Rs 5000
C. Rs 5500
D. Rs 6500
Question No : 9
Q.9 Seth Ankoosh Gawdekar borrows a sum of Rs 1200 at the begining of the year. After 4 months, Rs 1800 more is borrowed at a rate of interest double the previous one. At the end of the year, the sum of interest on both the loans is Rs 216. What is the first rate of interest per annum?
A. 9%
B. 6%
C. 8%
D. 12%
Question No : 10
Q.10 Rajiv lent out Rs 9 to Anni on the condition that the amount is payable in 10 months by 10 equal installments of Rs 1 each, payable at the start of every month. What is the rate of interest per annum if the first instalment has to be paid one month from the date the loan is availed?
A. 26.66% per annum
B. 25% per annum
C. 40% per annum
D. 15% per annum
Question No : 11
Q.11 Rs 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs 1380
B. Rs 1290
C. Rs 1470
D. Rs 1200
Question No : 12
Q.12 Interest obtained on a sum of Rs 5000 for 3 years is Rs 1500. Find the rate percent.
A. 8%
B. 9%
C. 68.50
D. 69.25
Question No : 13
Q.13 Rs 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs 2300
B. Rs 2315.25
C. Rs 2310
D. Rs 2320
Question No : 14
Q.14 Rs 1694 is repaid after two years at compound interest. Which of the following is the value of the principal and the rate?
A. Rs 1200, 20%
B. Rs 1300, 15%
C. Rs 1400, 10%
D. Rs 1500, 12%
Question No : 15
Q.15 Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs 1200 is Rs 1440
A. 8%
B. 9%
C. 10%
D. 11%
Question No : 16
Q.16 After how many years will a sum of Rs 12,500 become Rs 17,500 at the rate of 10% per annum?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
