Simple Interest Questions and Answers – Time Centered – Set 2

This set of Aptitude Questions and Answers (MCQs) focuses on “Time Centered – Set 2”.

1. A man invested x rupees for y years at a rate of 6.2% simple interest. If he received 1.32x rupees after y years, find the value of y.
a) 5.12
b) 5.16
c) 5.18
d) 5.22
View Answer

Answer: b
Explanation: The amount he received = x + the interest he received = x + x * y * 6.2 / 100 = x + 0.062xy = 1.32x
X + 0.062xy = 1.32x, 0.062xy = 0.32x, 0.062y = 0.32, y = 0.32 / 0.062 = 5.16

2. A man invested x rupees for y years at a rate of 33% per annum simple interest. If he received 4.33x after y years, find the value of y.
a) 10
b) 10.5
c) 11
d) 11.5
View Answer

Answer: a
Explanation: The value of y = The interest percentage he received / the rate of interest
The interest he received = 4.33x – x = 3.3x = 330% of x
The rate of interest = 33%
Y = 330 / 33 = 10

3. A man invested x rupees for y years at a rate of 12% per annum simple interest. If he received 7.2x after y years, find the value of y.
a) 51.72
b) 51.27
c) 51.66
d) 51.33
View Answer

Answer: c
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 7.2x – x = 6.2x = 620% of the amount invested.
The rate of interest = 12%
The value of y = 620 / 12 = 51.66
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4. A man invested x rupees for y years at a rate of 82% per annum simple interest. If he received 9.6x after y years, find the value of y.
a) 10.48
b) 11.58
c) 12.68
d) 17.78
View Answer

Answer: a
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 9.6x – x = 8.6x = 860% of the amount invested.
The rate of interest = 82%
The value of y = 860 / 82 = 10.48

5. A man invested x rupees for y years at a rate of 44% per annum simple interest. If he received 9.8x after y years, find the value of y.
a) 15
b) 17
c) 19
d) 20
View Answer

Answer: d
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 9.8 – x = 8.8x = 880% of the amount invested.
The rate of interest = 44%
The value of y = 880 / 44 = 20

6. A man invested x rupees for y years at a rate of 38% per annum simple interest. If he received 5.22x after y years, find the value of y.
a) 10.20
b) 11.10
c) 13.35
d) 14.25
View Answer

Answer: b
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 5.22x – x = 4.22x = 422% of the amount invested.
The rate of interest = 38%
The value of y = 422 / 38 = 11.10

7. A man invested x rupees for y years at a rate of 27% per annum simple interest. If he received 3.27x after y years, find the value of y.
a) 8.4
b) 8.8
c) 9.2
d) 9.6
View Answer

Answer: a
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 3.27x – x = 2.27x = 227% of the amount invested.
The rate of interest = 27%
The value of y = 227 / 27 = 8.40
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8. A man invested x rupees for y years at a rate of 5.25% per annum simple interest. If he received 2.25x after y years, find the value of y.
a) 21.7
b) 22.5
c) 23.8
d) 24.2
View Answer

Answer: c
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 2.25x – x = 1.25x = 125% of the amount invested.
The rate of interest = 5.25%
The value of y = 125 / 5.25 = 23.80

9. A man invested x rupees for y years at a rate of 11.5% per annum simple interest. If he received 3.2x after y years, find the value of y.
a) 19.13
b) 18.23
c) 18.13
d) 19.23
View Answer

Answer: a
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 3.2x – x = 2.2x = 220% of the amount invested.
The rate of interest = 11.5%
The value of y = 220 / 11.5 = 19.13
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10. A man invested x rupees for y years at a rate of 10% per annum simple interest. If he received 1.5x after y years, find the value of y.
a) 2
b) 3
c) 4
d) 5
View Answer

Answer: d
Explanation: The value of y = The interest percentage / the rate of interest
The interest received = 1.5x – x = 0.5x = 50% of the amount invested.
The rate of interest = 10%
The value of y = 50 / 10 = 5

To practice all aptitude questions, please visit “1000+ Quantitative Aptitude Questions”, “1000+ Logical Reasoning Questions”, and “Data Interpretation Questions”.

If you find a mistake in question / option / answer, kindly take a screenshot and email to [email protected]

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Manish Bhojasia, a technology veteran with 20+ years @ Cisco & Wipro, is Founder and CTO at Sanfoundry. He lives in Bangalore, and focuses on development of Linux Kernel, SAN Technologies, Advanced C, Data Structures & Alogrithms. Stay connected with him at LinkedIn.

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