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SNAP Simple Interest — practice questions

Explore 53 free Simple Interest questions in SNAP Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Simple Interest questions and exercises with answers

Showing questions 1–30 of 53.

A person borrows Rs.5000 for 2 years at 4% p.a. simple interest, lends it at 6.25% p.a. for 2 years. Gain per year:Read the answer and worked solution →Complete the idea of a percentageRead the answer and worked solution →Ratios into percentagesRead the answer and worked solution →Order the steps of the unitary methodRead the answer and worked solution →What is the percentage taken OF?Read the answer and worked solution →True or false: percentages and their baseRead the answer and worked solution →Match each comparison to its formRead the answer and worked solution →Common percentage conversionsRead the answer and worked solution →Assertion and reasonRead the answer and worked solution →Two are true, one is notRead the answer and worked solution →Three of these are wrong. Find the one that holds.Read the answer and worked solution →Tap every correct way to express one quarterRead the answer and worked solution →Flip and pair: fraction with percentageRead the answer and worked solution →Spot the one that does not belongRead the answer and worked solution →True or false: the unitary methodRead the answer and worked solution →Ratio, fraction, or percentage?Read the answer and worked solution →Complete the comparison chainRead the answer and worked solution →Percentage of a quantityRead the answer and worked solution →Order the steps: turn a part into a percentageRead the answer and worked solution →Assertion and reason: comparisonsRead the answer and worked solution →Complete the idea of simple interestRead the answer and worked solution →Simple interest worked outRead the answer and worked solution →True or false: simple interestRead the answer and worked solution →Which part of the calculation is this?Read the answer and worked solution →Order the steps: find simple interest and the amountRead the answer and worked solution →Assertion and reason: simple interestRead the answer and worked solution →Flip and pair: term with meaningRead the answer and worked solution →Two are true, one is notRead the answer and worked solution →Reading an interest problemRead the answer and worked solution →Tap every statement true of simple interestRead the answer and worked solution →

Worked practice questions

A person borrows Rs.5000 for 2 years at 4% p.a. simple interest, lends it at 6.25% p.a. for 2 years. Gain per year:

  1. Rs. 112.50
  2. Rs. 125.50
  3. Rs. 150
  4. Rs. 175
Show answer and solution

Correct answer: A. Rs. 112.50

1. Rate gap = 6.25% − 4% = 2.25% per year. 2. On Rs.5000, yearly gain = 5000 × 2.25/100 = 112.50. 3. Therefore Rs.112.50 per year. _Source: KMAT Karnataka 2023 PYQ Q.47_

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Complete the idea of a percentage

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Missing parts
  1. Answer
    100
    Choices
    1. 100
    2. 10
    3. 1
  2. Answer
    20%
    Choices
    1. 20%
    2. 5%
    3. 25%
Complete the statement
A ratio compares two quantities. A percentage expresses that comparison out of {0}, which is why 5 oranges among 25 fruits is {1}.
A percentage is a comparison expressed out of 100. Source: syllabus Maths, Ch 7 Comparing Quantities.

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Ratios into percentages

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Questions
  1. Question
    5 oranges among 25 fruits is what percentage?
    Choices
    1. 5%
    2. 20%
    3. 25%
    Correct choice
    20%
  2. Question
    The ratio of 5 oranges to 20 apples simplifies to
    Choices
    1. 4 : 1
    2. 5 : 25
    3. 1 : 4
    Correct choice
    1 : 4
  3. Question
    So the apples number how many times the oranges?
    Choices
    1. 4 times
    2. 5 times
    3. one quarter
    Correct choice
    4 times
  4. Question
    20 apples among 25 fruits is
    Choices
    1. 20%
    2. 80%
    3. 25%
    Correct choice
    80%
The chapter's own basket: 20 apples and 5 oranges so 5 of the 25 fruits are oranges, which is 20%. Source: syllabus Maths, Ch 7 Comparing Quantities.

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