General Aptitude › Simple Interest › Question #5316
Single Choice Easy

QRamesh put Rs. 1000 in Bank 1 for two years. He also put Rs. 1300 in Bank 2 for 1 years. In the end, he collected Rs. 330 in simple interest from both banks. What was the rate of interest?

ID: #5316 Simple Interest 228 views
Question Info
#5316Q ID
EasyDifficulty
Simple InterestTopic
Start Quiz on This Topic
 Your Answer

Choose the Best Option

Click any option to instantly check if you're correct.

  • A 15% ✔ ✖
  • B 10% ✔ ✖
  • C 20% ✔ ✖
  • D 30% ✔ ✖
Correct Answer

Explanation

Option B
 Continue Practice
Previous Question Next Question
 Share

Share This Question

Challenge a friend or share with your study group.

 More from This Topic

Related MCQ Questions

The simple interest on Rs. 4444 at 10% per annum for 6 months is ________.... John borrows money from a friend at a simple interest rate of 6% per year. He returned Rs. 15600 to his friend. How long did John take to return the money if he borrowed Rs. 12000?... A fruit vendor borrowed a total of Rs. 50000 from two money lenders. For one lender, he paid 10% per annum and the other at 12% per annum under simple interest. The total interest paid after one year was Rs. 58... Ramu borrowed certain amount from a money-lender at 13 1 4 % per annum under simple interest which amounts to Rs. 5500 after 5 years. The money borrowed by Ramu is _____________ (approximately).... Amir paid Rs. 960 in interest on a loan he took out 1 years ago at a basic interest rate of 6%. What was the amount he borrowed?... Find the simple interest on Rs. 6840 at 5% per annum for the period from Oct 2, 2003 to 14 Dec 2003.... The simple interest on a particular quantity of money in four years equals 9/25 of the principal. The yearly interest rate is... Sanjay put some money in a bank at a 8% annual interest rate. He received Rs. 9000 after 10 years of simple interest. How much did he invested?... A certain sum of money amounts to Rs. 1200 in 5 years and to Rs. 1500 in 8 years under simple interest. The sum and rate of interest are ________ and _________ respectively....