Simple Interest - Aptitude Questions and Answers Part 4

16. I invest a sum for 4 years at a simple interest of 5% and it grows to Rs 504/-. If I had invested the same amount at 10%  per annum simple interest for 2 years 6 months, it will grow to ______.

a. Rs. 420
b. Rs. 450
c. Rs. 525
d. Rs. 550

Answer: c. Rs. 525


17. Principal: Rs 2600.
Simple interest rate 62%.
3
Find the least number of years in which the interest earned would be a whole number.

a. 2
b. 3
c. 4
d. 5

Answer: b. 3