This is aptitude questions and answers section on Simple Interest with explanation for various interview, competitive examinations and entrance tests. Contenders are you interested in trying some challenging questions from Simple Interest Quiz? Ok, then test your knowledge and assessment ability through this Simple Interest aptitude Quiz Online Test Questions & Answers practice test papers. Simple Interest Quiz contains new pattern questions and problems from previous year competitive exams. And when it comes to the basics of finance individuals have to learn about simple interest. By practicing the Simple interest Aptitude MCQ will not affect your loans and investments. And also this concept will make you money or lose you money. Simple interest is one of the greatest and the most straightforward idea in finance.

## Simple Interest Online Test - Simple Interest Quiz Details

Contenders to get a bit deeper into Simple Interest Quiz, please look at the below provided Simple Interest questions and answers. Aspirants have to learn more about Simple Interest formulas used to calculate Compound Interest and furthermore. Practicing these questions on Simple Interest helps to gain a good score in the competitive exams or any other exams.

### Simple Interest Aptitude Questions

This Simple Interest Quiz Online Test involves the simple interest formula to find, principal P, amount A, Rate R, Time in years, Simple Interest I. Applicants let's begin and learn about Simple Interest Aptitude Questions and Answers. Contenders can find the Simple Interest formulas in the following section. Must check it once to get an idea and work out on that to obtain a better result.
### Simple Interest Formulae

SI = Simple Interest; A = Amount; P = Principal; T = Time; R = Rate of interest

SI = (P * T * R) / 100

A = P + SI

P = (100 * A) / (100 + RT)

SI = ART / (100 + RT)

P = (100 * SI) / TR

T = (100 * SI) / PR

R = (100 * SI) / PT

### Simple Interest MCQ Quiz Answers

This Simple Interest MCQ Quiz Online Test has been designed to test the people skills. Candidates while attempting the Simple Interest Quiz online test you will be presented Multiple Choice Questions based on related Simple Interest Concepts. And also aspirants will be given four options. On those options, individuals will select the best suitable answer for the question. After that check your answer immediately by tapping on the View Answer Option.

Online Test Name |
Simple Interest |

Exam Type |
Multiple Choice Questions |

Category |
Aptitude Quiz |

Number of Questions |
113 |

Contenders to get a bit deeper into Simple Interest Quiz, please look at the below provided Simple Interest questions and answers. Aspirants have to learn more about Simple Interest formulas used to calculate Compound Interest and furthermore. Practicing these questions on Simple Interest helps to gain a good score in the competitive exams or any other exams.

SI = (P * T * R) / 100

A = P + SI

P = (100 * A) / (100 + RT)

SI = ART / (100 + RT)

P = (100 * SI) / TR

T = (100 * SI) / PR

R = (100 * SI) / PT

11. Sonika deposited Rs.8000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much?
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12. If x is the interest on y and y is the interest on z, the rate and time is the
same on both the cases. What is the relation between x, y and z?
### Answer & Explanation

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Answer: Option C

Explanation:

X = (Y*NR)/100 Y = (Z*NR)/100

X/Y = NR/100 Y/Z = NR/100

X/Y = Y/Z

Y^{2} = XZ

13. Rs.2500 is divided into two parts such that if one part be put out at 5% simple interest and the other at 6%, the yearly annual income may be Rs.140. How much was lent at 5%?
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14. If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest?
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15. 4000 was divided into two parts such a way that when first part was invested at 3%
and the second at 5%, the whole annual interest from both the investments is
Rs.144, how much was put at 3%?
### Answer & Explanation

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Answer: Option C

Explanation:

(x*3*1)/100 + [(4000 - x)*5*1]/100 = 144

3x/100 + 200 – 5x/100 = 144

2x/100 = 56 è x = 2800