Correct Answers: | |

Wrong Answers: | |

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### Question 1

An amount of Rs. 2143 is split into two parts. The first part is invested @10% for 4 years, and the second @4% for 10 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**

$1{1/40}$.

**C**

${39/40}$.

**D**

$1{1/20}$.

**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 (4 × 10) : (10 × 4) = 40 : 40, or same as 1. *Please note that the answer is independent of the value of the total amount.*

### Question 2

The difference between simple interests on an amount @11% for 18 years and at 6% for 16 years is Rs. 816. What is the amount?

### Question 3

An investor puts an amount of Rs. 1600 in a simple interest scheme. If it amounts to Rs. 1696 in 3 years @2%, what would it had amounted to had the rate been 2% more?

### Question 4

The simple interest on a hypothetical investment is Rs. 3430. What is the principal amount if the rate per annum, time in years and the principal, all have the same numerical value?

### Question 5

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?

### More Chapters | See All...

Basic Simplification | Simple Interest | Venn Diagrams | Percentages | Passwords and Inputs | Coding Decoding | Square and Cube Roots | Logarithms | Averages | Distance and Time | More...

This Blog Post/Article "Simple Interest Quiz Set 001" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.