type 6 si with ratios Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 6 EXERCISES

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The following question based on simple interest topic of quantitative aptitude

Questions : A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 per cent, 12 per cent and 15 per cent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

(a) 2 : 3 : 4

(b) 6 : 3 : 2

(c) 3 : 4 : 2

(d) 3 : 4 : 6

The correct answers to the above question in:

Answer: (b)

Using Rule 1,

P1 : P2 : P3 = $1/{r_1t_1} : 1/{r_2t_2} : 1/{r_3t_3}$

= $1/{6 × 10} : 1/{10 × 12} : 1/{12 × 15}$

= $1/60 : 1/120 : 1/180$ = 6 : 3 : 2

Practice simple interest (type 6 si with ratios) Online Quiz

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Read more si with ratios Based Quantitative Aptitude Questions and Answers

Question : 1

With a given rate of simple interest, the ratio of principal and amount for a certain period of time is 4 : 5. After 3 years, with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest is

a) 6%

b) 4%

c) 7%

d) 5%

Answer: (d)

Using Rule 1,

Case-I,

Interest = 5x - 4x = x

$x = {4x × R × T}/100$

T = $25/R$ years

Case-II,

T = $25/R + 3 = ({25 + 3R}/R)$ years

SI = 7 y - 5y = 2y

$2y = {5y × R × (25 + 3R)}/{R × 100}$

40 = 25 + 3R

3R = 40 –25 = 15 %

R = $15/3$ = 5%

Question : 2

If the ratio of principal and the simple interest for 5 years is 10 : 3, then the rate of interest is :

a) 6%

b) 5%

c) 3%

d) 8%

Answer: (a)

Using Rule 1,

$\text"Principal"/ \text"Interest" = 10/3$

$\text"Interest"/ \text"Principal" = 3/10$

Rate = $\text"S.I. × 100"/ \text"Principal × Time"$

= $3/10 × 100/5$ = 6% per annum

Question : 3

If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is

a) 25%

b) 4%

c) 20%

d) 5%

Answer: (b)

Using Rule 1,

Principal : Interest = 25 : 1

Interest : Principal = 1 : 25

Rate = $\text"S.I. × 100"/ \text"Principal × Time"$

= $1/25$ × 100 = 4% per annum

Question : 4

Ratio of the principal and the amount after 1 year is 10:12. Then the rate of interest per annum is :

a) 16%

b) 12%

c) 20%

d) 18%

Answer: (c)

Using Rule 1,

$\text"Principal"/\text"Amount" = 10/12$

$\text"Amount"/ \text"Principal" = \text"Principal + interest"/ \text"Principal" = 12/10$

1 + $\text"Interest"/ \text"Principal" = 12/10$

$\text"Interest"/ \text"Principal" = 2/10 = 1/5$

Rate = $1/5$ × 100 = 20%

Question : 5

A sum of Rs.1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs.300. The ratio of money lent at 5% to that at 8% is :

a) 8 : 5

b) 5 : 8

c) 16 : 15

d) 31 : 6

Answer: (c)

Using Rule 1
Simple Interest (S.I.)= ${\text"Principal × Rate × Time"/100$ or
S.I. = ${\text"P × R × T"/100$
P = ${\text"S.I." × 100}/\text"R × T"$, R = ${\text"S.I." × 100}/\text"P × T"$, T = ${\text"S.I." × 100}/\text"P × R"$
A = P + S.I. or S.I. = A - P

Let the sum lent at the rate of interest 5% per annum is x and at the rate of interest 8% per annum is (1550 - x)

According to the question,

${x × 5 × 3}/100 + {(1550 - x) × 8 × 3}/100$ = 300

${15x}/100 + {37200 - 24x}/100$ = 300

15x + 37200 - 24x = 300 × 100

9x = 7200

x = Rs.800 and,

1550 - x = 1550 - 800 = Rs.750

Ratio of money lent at 5% to that at 8%

= 800 : 750 = 16 : 15

Question : 6

Rs.12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4$1/2$ years at 16% per annum. The ratio of the first part to the second part is

a) 1 : 2

b) 2 : 1

c) 3 : 2

d) 2 : 3

Answer: (b)

Using Rule 1,

First part = Rs. x and second part

= (12000 - x )

${x × 3 × 12}/100 = {(12000 - x) × 9 × 16}/200$

$x/{12000 - x} = {9 × 16 × 100}/{3 × 12 × 200}$

= $2/1$ = 2 : 1

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