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The GRE 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.
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.
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. What is the present worth of Rs.112 due in 2 years at 3% simple interest per annum?
4. What is the present worth of Rs.168 due in 4 years at 8% simple interest per annum?
5. Find out the simple interest on Rs.12 for 4 months,  at the rate of 4 paisa per rupee, per month.
6. 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?
7. 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?
8. 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
9. At what rate percent of simple interest will a sum of money double itself in 20 years?
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 0.125 times the principal at 4% p.a.?
a.31/6 years
b.4/3 years
c.10/9 years
d.25/8 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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