Simple Interest Questions Practice Question and Answer

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

395 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

Q:

In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?

410 0

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

Q:

What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?

232 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1835
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1950
    Correct
    Wrong
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Answer : 1. "1500 "
Explanation :

Q:

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?

233 0

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

Q:

The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-

210 0

  • 1
    200
    Correct
    Wrong
  • 2
    225
    Correct
    Wrong
  • 3
    175
    Correct
    Wrong
  • 4
    300
    Correct
    Wrong
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Answer : 1. "200 "
Explanation :

Q:

 ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years? 

1577 0

  • 1
    ₹ 1020.80
    Correct
    Wrong
  • 2
    ₹ 1025
    Correct
    Wrong
  • 3
    ₹ 1052
    Correct
    Wrong
  • 4
    ₹ 1050
    Correct
    Wrong
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Answer : 3. "₹ 1052 "
Explanation :

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

166 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

Q:

₹ 1,000 is invested at 5% per annum simple interest. If the interest is added to the Aprincipal after every 10 years, the amount will become 2,000 after

235 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

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