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      Home > Quizzes and Fun Tests > GMAT Practice Tests > Free GMAT Practice Test - Math - Simple Interest Questions Quiz

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 Free GMAT Practice Test - Math - Simple Interest Questions Quiz Facts
 Average Score for this quiz: 60%
 No of times this quiz has been taken: 11
 No of people passing this quiz: 3
 No of people failing this quiz: 8
 Maximum score for this quiz: 100%

Coverage
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The GMAT Practice Test - Math - Simple Interest has been designed to test the important concepts related to simple interest. The test covers important topics like evaluating the simple interest on certain amount, determining the rate of interest, evaluating the time period in which certain amount doubles or triples itself etc.
 Free GMAT Practice Test - Math - Simple Interest Questions Discussion Forum
1. A certain sum of money amounts to Rs.1710 in 2 years and to Rs. 1850 in 3 years. Find the rate of interest.
a.80.9%
b.88%
c.9.80%
d.18%
2. A certain sum of money amounts to Rs.1850 in 2 years and to Rs.2000 in 3 and a half years. Find the rate of interest.
a.9%
b.9.29%
c.1.8%
d.6.07%
3. What is the present worth of Rs.150 due in 3 years at 6% simple interest per annum?
a.131.03
b.127.12
c.441.01
d.253.35
4. What is the present worth of Rs.138 due in 2 years at 5% simple interest per annum?
a.112.12
b.118.18
c.16.06
d.125.45
5. The simple interest on a certain sum of money at the rate of 3 % p.a. for 4 years is Rs.800. At what rate of interest, can the same amount of interest on the same sum be earned, after 8 years?
a.15%
b.9%
c.1.8%
d.1.5%
6. Find out the simple interest on Rs.8 for 6 months, at the rate of 2 paisa per rupee, per month.
a.1.04
b.0.96
c.0.14
d.1.15
7. Find out the simple interest on Rs.10 for 5 months,  at the rate of 3 paisa per rupee, per month.
a.0.05
b.1.5
c.0.95
d.1.21
8. In how many years will a sum of money double itself at 20% per annum?
a.1 year
b.4 years 8 months
c.3 years 6 months
d.5 years
9. At what rate percent of simple interest will a sum of money double itself in 20 years?
a.5%
b.1%
c.3%
d.9%
10. In how much time would the simple interest on a certain sum be 0.25 times the principal at 8% p.a.?
a.25/4 years
b.41/3 years
c.25/8 years
d.13/4 years
11. In how much time would the simple interest on a certain sum be 0.17 times the principal at 10% p.a.?
a.17/10 years
b.5/2 years
c.25/3 years
d.9/2 years
12. In how much time would the simple interest on a certain sum be 0.125 times the principal at 4% p.a.?
a.31/6 years
b.4/3 years
c.10/9 years
d.25/8 years
13. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
a.Rs. 17.5 lakhs
b.Rs. 21 lakhs
c.Rs. 15 lakhs
d.Rs. 20 lakhs
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