Simple Interest Questions Practice Question and Answer

Q:

What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?  

1301 0

  • 1
    8:21
    Correct
    Wrong
  • 2
    21:5
    Correct
    Wrong
  • 3
    5:21
    Correct
    Wrong
  • 4
    21:8
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "8:21 "

Q:

The simple interest of 7 years of money is Rs. 1750. If the rate of interest was 2% more per annum, how much interest would have been higher?

1272 0

  • 1
    Rs. 35
    Correct
    Wrong
  • 2
    Rs. 245
    Correct
    Wrong
  • 3
    Rs. 350
    Correct
    Wrong
  • 4
    Cannot determined
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "Cannot determined"

Q:

The difference between C.I and S.I for 2 years is Rs. 9. Find the sum (in Rs.) if the rate is 15% per annum.

1251 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "400"

Q:

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

1247 1

  • 1
    4 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "3 years"
Explanation :

Q:

Find the simple interest on a principal of Rs.1250 at the rate of 5% for a time of 219 days.

1240 0

  • 1
    32.5
    Correct
    Wrong
  • 2
    44.5
    Correct
    Wrong
  • 3
    37.5
    Correct
    Wrong
  • 4
    36.5
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "37.5"

Q:

A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.

1239 0

  • 1
    2000
    Correct
    Wrong
  • 2
    2100
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "2000 "

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-

1237 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "6%"
Explanation :

Q:

What would be the simple interest obtained on amount of Rs.6,535 at the rate of 10% Percent per annum after 6 years?

1237 0

  • 1
    3,414
    Correct
    Wrong
  • 2
    3,807
    Correct
    Wrong
  • 3
    3,149
    Correct
    Wrong
  • 4
    3,921
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "3,921"

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully