Simple Interest Problems Practice Question and Answer

Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2282 2

  • 1
    Rs. 5000
    Correct
    Wrong
  • 2
    Rs. 7500
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 15000
    Correct
    Wrong
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Answer : 2. "Rs. 7500"
Explanation :

Q:

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

121 0

  • 1
    700
    Correct
    Wrong
  • 2
    6500
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
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Answer : 4. "1500"
Explanation :

Q:

A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is

176 0

  • 1
    Rs. 96000
    Correct
    Wrong
  • 2
    Rs. 80000
    Correct
    Wrong
  • 3
    Rs. 48000
    Correct
    Wrong
  • 4
    Rs. 60000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these "

Q:

A person invests money in three different schemes 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

346 0

  • 1
    6: 3: 2
    Correct
    Wrong
  • 2
    2: 3: 4
    Correct
    Wrong
  • 3
    3: 4: 6
    Correct
    Wrong
  • 4
    3: 4: 2
    Correct
    Wrong
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Answer : 1. "6: 3: 2 "

Q:

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after 

305 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    30 years
    Correct
    Wrong
  • 3
    10 years
    Correct
    Wrong
  • 4
    22 years
    Correct
    Wrong
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Answer : 1. "20 years "

Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is: 

281 0

  • 1
    6.06%
    Correct
    Wrong
  • 2
    6.07%
    Correct
    Wrong
  • 3
    6.08%
    Correct
    Wrong
  • 4
    6.09%
    Correct
    Wrong
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Answer : 4. "6.09%"

Q: A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are 1780 0

  • 1
    Rs. 4000, Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500, Rs. 5500
    Correct
    Wrong
  • 3
    Rs. 5000, Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 5500, Rs. 4500
    Correct
    Wrong
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Answer : 1. "Rs. 4000, Rs. 6000"

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1355 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
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Answer : 2. "$$6{2\over3}\%$$"

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