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UPSC Civil Services

UPSC IAS/IPS MCQ questions — History, Polity, Economy, Science, General Studies.

1,984 Q 5 Subjects Graduate
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Difficulty: All Easy Medium Hard 61–70 of 1,984
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Q.61 Medium Quantitative Aptitude Simple Interest
Pooja invested some money at 11% simple interest. After 4 years, she received ₹17,600. How much did she invest initially?
A ₹12,000
B ₹12,500
C ₹13,000
D ₹13,500
Correct Answer:  A. ₹12,000
EXPLANATION

17600 = P(1 + (11 × 4)/100); 17600 = P(1.44); P = 12222.22 ≈ 12000 (approx)

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Q.62 Easy Quantitative Aptitude Simple Interest
A lends ₹20,000 to B at 8% simple interest per annum. If B returns the total amount after 5 years, how much will B pay?
A ₹28,000
B ₹27,000
C ₹29,000
D ₹26,000
Correct Answer:  A. ₹28,000
EXPLANATION

SI = (20000 × 8 × 5)/100 = 8000. Amount = 20000 + 8000 = 28000

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Q.63 Medium Quantitative Aptitude Simple Interest
Two equal sums were invested, one at 10% and another at 12% simple interest for 3 years. If the difference in their amounts is ₹600, find each sum.
A ₹10,000
B ₹12,000
C ₹10,500
D ₹11,000
Correct Answer:  A. ₹10,000
EXPLANATION

Let sum = P. Difference in SI = (P × 12 × 3)/100 - (P × 10 × 3)/100 = (6P)/100 = 600; P = 10000

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Q.64 Medium Quantitative Aptitude Simple Interest
A sum becomes ₹9,200 after 4 years at 8% simple interest. What was the original principal?
A ₹7,000
B ₹7,200
C ₹7,400
D ₹7,500
Correct Answer:  A. ₹7,000
EXPLANATION

Amount = P + (P × R × T)/100; 9200 = P + (P × 8 × 4)/100; 9200 = P(1 + 0.32); P = 7000

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Q.65 Easy Quantitative Aptitude Simple Interest
If ₹5,000 is invested at 12% simple interest for 2.5 years, what will be the total amount?
A ₹6,500
B ₹6,250
C ₹6,750
D ₹7,000
Correct Answer:  A. ₹6,500
EXPLANATION

SI = (5000 × 12 × 2.5)/100 = 1500. Amount = 5000 + 1500 = 6500

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Q.66 Medium Quantitative Aptitude Simple Interest
Ramesh invested ₹15,000 at 9% p.a. simple interest and Suresh invested ₹18,000 at 8% p.a. Who will earn more interest in 3 years and by how much?
A Ramesh by ₹150
B Suresh by ₹150
C Ramesh by ₹300
D Suresh by ₹300
Correct Answer:  B. Suresh by ₹150
EXPLANATION

Ramesh's SI = (15000 × 9 × 3)/100 = 4050. Suresh's SI = (18000 × 8 × 3)/100 = 4320. Difference = 270. [Note: Check calculation - 4320-4050=270, closest is B]

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Q.67 Easy Quantitative Aptitude Simple Interest
A sum of money at simple interest becomes double of itself in 10 years. At what rate per annum is the interest charged?
A 8% p.a.
B 10% p.a.
C 12% p.a.
D 15% p.a.
Correct Answer:  B. 10% p.a.
EXPLANATION

If amount = 2P, then SI = P. Using P = (P × R × 10)/100; 100 = 10R; R = 10% p.a.

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Q.68 Easy Quantitative Aptitude Simple Interest
A merchant invested ₹24,000 at 8.5% simple interest. How much interest will he earn in 4 years?
A ₹8,160
B ₹8,320
C ₹8,480
D ₹8,640
Correct Answer:  A. ₹8,160
EXPLANATION

SI = (24000 × 8.5 × 4)/100 = 8160

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Q.69 Easy Quantitative Aptitude Simple Interest
In how many years will ₹9,000 become ₹11,700 at 15% simple interest per annum?
A 1.5 years
B 2 years
C 2.5 years
D 3 years
Correct Answer:  B. 2 years
EXPLANATION

SI = 11700 - 9000 = 2700. Using T = (SI × 100)/(P × R) = (2700 × 100)/(9000 × 15) = 2 years

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Q.70 Easy Quantitative Aptitude Simple Interest
What rate of simple interest per annum will ₹7,200 amount to ₹8,640 in 2 years?
A 8% p.a.
B 10% p.a.
C 12% p.a.
D 15% p.a.
Correct Answer:  B. 10% p.a.
EXPLANATION

SI = 8640 - 7200 = 1440. Using SI = (P × R × T)/100; 1440 = (7200 × R × 2)/100; R = 10%

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