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Arithmetic Aptitude :: Simple Interest

Simple Interest - Important Formulas
Simple Interest - General Questions-1
Simple Interest - General Questions-2
Simple Interest - Data Sufficiency 1
Simple Interest - Data Sufficiency 2
Simple Interest - [data sufficiency 3]
Directions To Solve

Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and

  • Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
  • Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
  • Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
  • Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
  • Give answer(E) if the data in both Statements I and II together are necessary to answer the question.

  1.  Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?

    I.The rate of interest is 5 p.c.p.a.

    II.Simple interest fetched on the same amount in one year is Rs. 600.

    III.The amount borrowed is 10 times the simple interest in 2 years.

    2. A.

    I only
    B.

    III only
    C.

    I or II only
    D.

    II and Either I or III only
    E.

    All I, II and III are required

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  2. The simple interest on a sum of money is Rs. 50. What is the sum?

                I.The interest rate is 10% p.a.

                II. The sum earned simple interest in 10 years

    3. A.

    I alone sufficient while II alone not sufficient to answer
    B.
    II alone sufficient while I alone not sufficient to answer
    C.

    Either I or II alone sufficient to answer
    D.

    Both I and II are not sufficient to answer
    E.

    Both I and II are necessary to answer

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  3. What percentage of simple interest per annum did Anand pay to Deepak?

           I. Anand borrowed Rs. 8000 from Deepak for four years.

           II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

    4. A.

    I alone sufficient while II alone not sufficient to answer
    B.

    II alone sufficient while I alone not sufficient to answer
    C.

    Either I or II alone sufficient to answer
    D.
    Both I and II are not sufficient to answer
    E.

    Both I and II are necessary to answer

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  4.  What is the rate of simple interest?

       I. The total interest earned was Rs. 4000.

       II. The sum was invested for 4 years.  

    5. A.

    I alone sufficient while II alone not sufficient to answer
    B.

    II alone sufficient while I alone not sufficient to answer
    C.

    Either I or II alone sufficient to answer
    D.
    Both I and II are not sufficient to answer
    E.
    Both I and II are necessary to answer

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