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

 
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 GMAT Practice Test - Math - Simple Interest Test Questions

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 GMAT Practice Test - Math - Simple Interest Test Questions Facts
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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.
 GMAT Practice Test - Math - Simple Interest Test Questions Discussion Forum
1. At what rate percent per annum will a sum of money double in 18 years?
a.5.55 % p.a.
b.11.75 % p.a.
c.15.4 % p.a.
d.9.25 % p.a.
2. A sum fetched a total simple interest of Rs.4500 at the rate of 9 % p.a. in 6 years. Find out the sum?
a.1356.63
b.4686.06
c.6654.14
d.8333.34
3. The simple interest on a certain sum of money at the rate of 4 % p.a. for 2 years is Rs.554. At what rate of interest the same amount of interest can be received on the same sum after 2 years?
a.3%
b.4%
c.1.03%
d.5%
4. The simple interest on a certain sum of money at the rate of 5 % p.a. for 8 years is Rs.610. At what rate of interest the same amount of interest can be received on the same sum after 5 years?
a.9%
b.1.23%
c.8%
d.1.08%
5. Find out the ratio of the simple interest earned by a certain amount, of the same rate of interest, for 3 years and 5 years.
a.1:5
b.3:5
c.1:3
d.0:5
6. Find out the ratio of simple interest earned by a certain amount, of the same rate of interest for 6 years and 10 years.
a.1:5
b.3:5
c.1:6
d.2:5
7. Find out the ratio of simple interest earned by a certain amount, of the same rate of interest for 4 years and10 years.
a.1:4
b.1:5
c.2:4
d.2:5
8. What will be the sum,  if a sum of money at simple interest amounts to Rs.424 in 4 years and Rs.478 in 5 years?
a.Rs.198
b.Rs.254
c.Rs.141
d.Rs.208
9. In how many years will a sum of money double itself at 25% per annum?
a.4 years
b.2 years 8 months
c.3 years
d.1 year 5 months
10. At what rate percent of simple interest will a sum of money double itself in 25 years?
a.12%
b.15%
c.7%
d.4%
11. In how much time would the simple interest on a certain sum be 0.5 times the principal at 6% p.a.?
a.17/4 years
b.5/3 years
c.25/3 years
d.4/3 years
12. How long will it take a sum of money invested at 5% p.a. S.I. to increase its value by 50%?
a.10 years
b.30 years
c.25 years
d.12 years
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