type 4 difference & equality of si rate & years Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 6 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on simple interest topic of quantitative aptitude

Questions : In how many years will the simple interest on a sum of money be equal to the principal at the rate of 16$2/3$% per annum ?

(a) 5 years

(b) 4 years

(c) 8 years

(d) 6 years

The correct answers to the above question in:

Answer: (d)

Using Rule 1,

Let the principal be x.

Time = $\text"SI × 100"/\text"Principal × Rate"$

= ${x × 100 × 3}/{x × 50}$ = 6 years

Practice simple interest (type 4 difference & equality of si rate & years) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more difference equality in si rate years Based Quantitative Aptitude Questions and Answers

Question : 1

The difference between simple interest and the true discount on Rs. 2400 due 4 years hence at 5% per annum simple interest is

a) Rs.70

b) Rs.30

c) Rs.50

d) Rs.80

Answer: (d)

Using Rule 1,

True discount

= $\text"Amount × Rate × Time"/ \text"100 +(Rate × Time)"$

= ${2400 × 5 × 4}/{100 + (5 × 4)}$

= ${2400 × 5 × 4}/120$ = Rs.400

S.I. = ${2400 × 5 × 4}/100$ = Rs.480

Required difference

= Rs.(480 - 400) = Rs.80

Question : 2

A sum of Rs.1500 is lent out in two parts in such a way that the simple interest on one part at 10% per annum for 5 years is equal to that on another part at 12.5% per annum for 4 years. The sum lent out at 12.5% is :

a) Rs.1000

b) Rs.500

c) Rs.1250

d) Rs.750

Answer: (d)

Using Rule 1,

Let the sum lent out at 12.5% be x

Sum lent out at 10% = 1500 - x

Now, ${(1500 - x) × 10 × 5}/100$

= ${x × 12.5 × 4}/100$

50 (1500 - x ) = 50x

2x = 1500

$x = 1500/2$ = Rs.750

Question : 3

Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ?

a) Rs.1800

b) Rs.1700

c) Rs.2000

d) Rs.1900

Answer: (c)

Using Rule 1,

Let the sum lent in each case be x.

Then, ${x × 9 × 2}/100 + {x × 10 × 2}/100$ = 760

${x × 2}/100$(9 + 10) = 760

${2 × 19x}/100$ = 760

$x = {760 × 100}/{2 × 19}$ = Rs.2000

Question : 4

Equal sum of money are lent to X and Y at 7.5% per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was Rs.150, the sum lent to each was

a) Rs.1000

b) Rs.500

c) Rs.3000

d) Rs.2000

Answer: (d)

Let the sum lent be x.

${x × 7.5 × 5}/100 - {x × 7.5 × 4}/100 = 150$

${x × 7.5 × 1}/100$ = 150

$x = {150 × 100}/{7.5}$ = Rs.2000

Using Rule 13,

Here, $P_1 = P, R_1 = 7.5%, T_1$ = 4 years.

$P_2 = P, R_2 = 7.5%, T_2$ = 5 years.

S.I. = Rs.150

S.I. = ${P_2R_2T_2 - P_1R_1T_1}/100$

150 = ${P × 7.5 × 5 - P × 7.5 × 4}/100$

15000 = 7.5P

P = $15000/{7.5}$

P = $150000/75$ = Rs.2000

Question : 5

A sum of Rs.1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. The interest on each part (In rupees) is

a) 65

b) 60

c) 40

d) 70

Answer: (b)

Using Rule 1,

Let first part be x and second part be(1750 –x )

According to the question,

x × $8/100 = (1750 - x ) × 6/100$

8x + 6x = 1750 × 6

14x = 1750 × 6

$x = {1750 × 6}/14$ = Rs.750

Interest = 8% of 750

= 750 × $8/100 = Rs.60

Question : 6

The simple interest on a sum of money is $1/4$th of the principal and the number of years is equal to rate per cent per annum. The rate per cent is

a) 5%

b) 2.5%

c) 10%

d) 7.5%

Answer: (a)

Let the principal be x and rate be y% per annum.

According to the question,

SI = ${P × R × T}/100$

$x/4 = {x × y × y}/100$

$y^2 = 100/4$ = 25

y = $√{25}$ = 5% per annum

Using Rule 5,

n = $1/5$, R = T

RT = n × 100

$R^2 = 1/4 × 100$ = 25

R = 5%

Recently Added Subject & Categories For All Competitive Exams

100+ Quadratic Equation Questions Answers PDF for Bank

Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

IBPS Aptitude Linear Equations MCQ Questions Answers PDF

Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »