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

 
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 GRE Practice Test - Math - Simple Interest

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 GRE Practice Test - Math - Simple Interest Facts
 Average Score for this quiz: 11%
 No of times this quiz has been taken: 23
 No of people passing this quiz: 1
 No of people failing this quiz: 22
 Maximum score for this quiz: 86%

Coverage
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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.
 GRE Practice Test - Math - Simple Interest Discussion Forum
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. 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.
3. 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.
4. 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
5. 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
6. 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
7. 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%
8. 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%
9. 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%
10. 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
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 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
14. 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
15. 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
16. 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
17. 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
18. 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
19. 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
20. 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%
21. 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
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