The CAT QA section requires speed and accuracy, along with a thorough understanding of the Simple Interest. This article provides a set of MCQs on Simple Interest to help you understand the topic and improve your problem-solving skills with the help of detailed solutions by ensuring conceptual clarity, which will help you in the CAT 2025 exam preparation
Whether you're revising the basics or testing your knowledge, these MCQs will serve as a valuable practice resource.
The CAT 2025 exam is expected to follow a similar trend to the CAT 2024, with 22 questions from the QA section out of a total of 68 questions.
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CAT MCQs on Simple Interest
1. Amala, Bina, and Gouri invest money in the ratio 3 : 4 : 5 in fixed deposits having respective annual interest rates in the ratio 6 : 5 : 4. What is their total interest income (in Rs) after a year, if Bina's interest income exceeds Amala's by Rs 250?
A
6350
B
7250
C
7000
D
6000
2. A man invests Rs. 5000 at 5% simple interest per annum. How much interest will he earn after 3 years?
A
Rs. 750
B
Rs. 800
C
Rs. 850
D
Rs. 900
3. A person closes his account in an investment scheme by withdrawing Rs. 10,000. One year ago he had withdrawn Rs. 6000. Two years ago he had withdrawn Rs. 5000. Three years ago he had not withdrawn any money. How much had he deposited approximately at the time of opening the account 4 years ago, if the annual simple interest rate is 10%?
A
Rs. 15600
B
Rs. 16500
C
Rs. 17280
D
None of these
4. Rs. 6000 is invested at 7 simple interest per annum for 4 years. Find the total amount.
A
7120
B
7200
C
7680
D
7800
5. If \(x^2 + y^2 = 25\) and xy = 12, what is x + y?
A
5
B
7
C
9
D
11
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