# Aptitude Questions – Simple Interest Set 15

Hello Aspirants.

Welcome to Online Quants Quiz in AffairsCloud.com. Here we are creating question sample in **Simple Interest**, which is common for all the IBPS, SBI, RBI, IPPB, LIC, SSC exams and other competitive exams. We have included Some questions that are repeatedly asked in exams !!

**Cost of a Mobile Rs.8000. Sudha bought Mobile in EMI. She paid a Down payment of Rs. 2000 and paid rest in 6 equal installments of Rs.1020 for next 6 months. Then what is the SI rate charged?**

1. 6.5%

2. 6.95%

3. 10.5%

4. 12.5%

5. None**Ajay lent Rs.8800 to be divided between his two sons aged 11 years and 13 years such that both of them would get an equal amount when lent at the**rate**of 10% SI****when they attain 18 years of age. What is the share of elder in Rs.8800?**

1. 4125

2. 4325

3. 4475

4. 4675

5. None**SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Meanwhile, the government implemented a scheme due to which interest rate reduced by 2%. By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?**

1. 3 Years

2. 4 Years

3. 5 years

4. 6 years

5. Cannot be determined**What amount would Rs.2560 fetch if it is lent at 8% SI for 15 years?**

1. Rs.3072

2. Rs.4632

3. Rs.5072

4. Rs.5632

5. None**Veena has to pay Rs. 2460 to Sita, 5 Months later at 6% SI per annum, and Gita has to pay Sita same amount at 7.5% SI per annum after certain months. If both took the same amount of loan from Sita then Gita paid loan after how many months?**

1. 3 Months

2. 4 Months

3. 6 Months

4. 12 Months

5. Cannot be determined**Amit lent a part of Rs. 15900 to Raju at 6% SI. Rest to Anil at 5% SI. After 4 years he got an amount of Rs 19376 in total. Then what is the amount paid by Anil in total?**

1.Rs. 9176

2.Rs. 9847

3.Rs. 10200

4.Rs. 11200

5.None**A man invests Rs. 124000 for 9 years at 5% SI. Income tax at the rate of 19% is deducted from interest earned at the end of every year. Find the amount at the end of the 9th year?**

1.Rs. 169198

2.RS. 169918

3.Rs. 196918

4.Rs. 199698

5.None**Nitin invested an amount of Rs. 24000 at the 4% SI per annum, and another amount at 10% SI per annum. The total interest earned at the end of one year will be same as interest earned when the total amount invested at 6% SI per annum. Find the total amount invested?**

1.Rs.12000

2.Rs.24000

3.Rs.30000

4.Rs.36000

5.None**A sum of money becomes Rs.1815 at 7% SI after 3 years. Same sum of money becomes Rs. 2235 at same interest after 7 years.**

1.Rs.1200

2.Rs.1500

3.Rs.1800

4.Rs.2000

5.None**Pratap lent Rs.21600 to be divided between his two sons who aged 9 years and 11 years such that both of them would get an equal amount at certain age when lent at rate of 10% SI per anuum. If their investments are in the ratio of 51:57 respectively.Then at what age both received same amount?**

1.15 Years

2.16 years

3.18 years

4.21 years

5.Cannot be determined

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