Dear Students,
We bring to you a quiz on PROFIT AND LOSS for the upcoming exams mainly SBI Clerk and the NABARD.
1. A private company Aditya Groups lends money at simple interest. But the company includes the interest every 6 months for calculating principal. If it is charging an interest of 10%, the effective rate of interest after 1 yr becomes?
(b) 11.50%
(c) 12.25%
(d) 14.75%
(e) 15.50%
2. A sum of Rs. 2668 amounts to Rs. 5668 in 5 yr at the rate of simple interest. Find the rate per cent?
(a) 20.2%
(b) 24.9%
(c) 26.7%
(d) 22.4%
(e) None of these
3. In a certain time, a sum becomes 4 times at the rate of 5% per annum. At what rate of simple interest, the same sum becomes 8 times in the same duration?
(a) [12+(1/3)]%
(b) [13+(3/5)]%
(c) [11+(2/3)]%
(d) [14+(3/5)]%
(e) None of the above
4. A sum becomes two fold in 6 yr at a certain rate of interest. Find the time, in which the same amount will be 10 fold at the same rate of interest?
(a) 30 yr
(b) 45 yr
(c) 58 yr
(d) 54 yr
(e) None of the above
5. A certain sum becomes Rs. 600 in a certain time at the rate of 6% simple interest. The same sum amounts to Rs. 200 at the rate of 1% simple interest in the same duration. Find the sum and time?
(a) Rs. 120 and 66 2/3 yr
(b) Rs. 140 and 50 1/3 yr
(c) Rs. 160 and 60 1/3 yr
(d) Rs. 180 and 69 2/3 yr
(e) None of the above
6. A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum?
(a) Rs.600
(b) Rs.700
(c) Rs.800
(d) Rs.900
(e) Rs.1000
7. 2/3 part of the sum is lent out at 3%, 1/6 part is lent out at 6% and remaining part at 12%. All the three parts are lent out at simple interest. If the annual income is Rs. 35, what is the sum?
(a) Rs.500
(b) Rs.600
(c) Rs.700
(d) Rs.850
(e) Rs.950
8. A sum of Rs. 1521 is lent out in two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum?
(a) Rs.946 and Rs.565
(b) Rs.986 and Rs.515
(c) Rs.956 and Rs.505
(d) Rs.936 and Rs.585
(e) None of the above
9. The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of?
(a) Rs. 950
(b) Rs. 800
(c) Rs. 1000
(d) Rs. 1250
(e) None of the above
10. A sum of Rs. 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was Rs. 400. The ratio of the money lent at 8% to that lent at 5% is?
(a) 15:16
(b) 16:17
(c) 19:17
(d) 21:26
(e) 20:17
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