Simple Interest Problems Practice Question and Answer

Q: A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ? 2482 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512"

Q: The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs. 42. The sum is : 2392 1

  • 1
    Rs. 210
    Correct
    Wrong
  • 2
    Rs. 280
    Correct
    Wrong
  • 3
    Rs. 750
    Correct
    Wrong
  • 4
    Rs. 840
    Correct
    Wrong
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Answer : 4. "Rs. 840"

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? 2351 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 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 1845 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:

In what time will the simple interest be 2/5 of the principal at 8 percent per annum? 

1702 0

  • 1
    7 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
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Answer : 2. "5 years "

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 : 1408 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. "$$6{2\over3}\%$$"

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1337 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q:

The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is 

862 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    8 %
    Correct
    Wrong
  • 4
    9 %
    Correct
    Wrong
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Answer : 1. "10 % "

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