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

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 GMAT Practice Test - Math - Simple Interest Facts
 Average Score for this quiz: 9.5%
 No of times this quiz has been taken: 57
 No of people passing this quiz: 2
 No of people failing this quiz: 55
 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.
 GMAT Practice Test - Math - Simple Interest Discussion Forum
1. A certain sum of money amounts to Rs.3380 in 3 years and to Rs.3500 in 4 years. Find the rate of interest.
a.3.98%
b.2.13%
c.4.25%
d.13%
2. At what rate percent per annum will a sum of money double in 12 years?
a.2.5 % p.a.
b.5.1 % p.a.
c.8.33 % p.a.
d.6.33 % p.a.
3. At what rate percent per annum will a sum of money double in 20 years?
a.3 % p.a.
b.5 % p.a.
c.1 % p.a.
d.7 % p.a.
4. What is the present worth of Rs.112 due in 2 years at 3% simple interest per annum?
a.105.66
b.77.28
c.109.6
d.568.5
5. What is the present worth of Rs.168 due in 4 years at 8% simple interest per annum?
a.300.05
b.146.12
c.417.15
d.127.28
6. A sum fetched a total simple interest of Rs.2410.50 at the rate of 7 % p.a. in 4 years. Find out the sum?
a.8608.93
b.4556.12
c.5686.01
d.1654.35
7. A sum fetched a total simple interest of Rs.3800.25 at the rate of 8 % p.a. in 5 years. Find out the sum?
a.6008.10
b.6258.25
c.9500.63
d.8405.05
8. A sum fetched a total simple interest of Rs.1625.50 at the rate of 6 % p.a. in 3 years. Find out the sum?
a.493.05
b.826.55
c.9003.06
d.9030.56
9. The simple interest on a certain sum of money at the rate of 2 % p.a. for 5 years is Rs.500. At what rate of interest the same amount of interest can be received on the same sum after 3 years?
a.8.4%
b.2.5%
c.3.3%
d.5.05%
10. Find out the ratio of simple interest earned by a certain amount, of the same rate of interest for 2 years and 6 years.
a.1:6
b.3:6
c.1:2
d.1:3
11. Find out the ratio of simple interest earned by a certain amount, of the same rate of interest for 4 years and 8 years.
a.2:8
b.4:2
c.1:2
d.1:4
12. Find out the ratio of simple interest earned by a certain amount, of the same rate of interest for 8 years and 12 years.
a.2:4
b.1:12
c.1:3
d.2:3
13. Find out the simple interest on Rs.6 for 3 months, at the rate of 2 paisa per rupee, per month.
a.0.36
b.0.63
c.1.36
d.1.04
14. Find out the simple interest on Rs.12 for 4 months,  at the rate of 4 paisa per rupee, per month.
a.1.02
b.0.92
c.1.92
d.1.52
15. What will be the sum,  if a sum of money at simple interest amounts to Rs.630 in 3 years and Rs.675 in 4 years?
a.Rs.800
b.Rs.651
c.Rs.495
d.Rs.500
16. What will be the sum,  if a sum of money at simple interest amounts to Rs.825 in 2 years and Rs.864 in 3 years?
a.Rs.747
b.Rs.181
c.Rs.300
d.Rs.900
17. What will be the sum,  if a sum of money at simple interest amounts to Rs.520 in 5 years and Rs.560 in 6 years?
a.Rs.450
b.Rs.320
c.Rs.565
d.Rs.889
18. In how many years will a sum of money double itself at 15% per annum?
a.1 year 8 months
b.4 years 8 months
c.3 years 6 months
d.6 years 6 months
19. In how many years will a sum of money double itself at 24% per annum?
a.1 year 3 months
b.1 year 8 months
c.4 years 2 months
d.4 years 3 months
20. At what rate percent of simple interest will a sum of money double itself in 15 years?
a.9/8%
b.33/4%
c.20/3%
d.None of the above
21. At what rate percent of simple interest will a sum of money double itself in 24 years?
a.1/8%
b.25/6%
c.8/3%
d.1/4%
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