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

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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.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%
2. 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
3. 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
4. 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
5. 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%
6. 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%
7. 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%
8. 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
9. 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
10. 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
11. 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
12. A sum of money will be double in 16 years.What is the simple rate of interest?
a.8%
b.10%
c.15/2%
d.25/4%
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What others think about GRE Practice Test - Math - Simple Interest
By: julian on Sep 1, 2010
  this test is great
  

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