Simple Interest Questions Practice Question and Answer

Q:

A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid 720 as an interest. Find the amount borrowed by him. 

1922 0

  • 1
    ₹ 920
    Correct
    Wrong
  • 2
    ₹ 1620
    Correct
    Wrong
  • 3
    ₹ 900
    Correct
    Wrong
  • 4
    ₹ 960
    Correct
    Wrong
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Answer : 3. "₹ 900 "

Q:

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

1915 0

  • 1
    32.5
    Correct
    Wrong
  • 2
    44.5
    Correct
    Wrong
  • 3
    37.5
    Correct
    Wrong
  • 4
    36.5
    Correct
    Wrong
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Answer : 3. "37.5"

Q:

A takes a loan of Rs. 1500 from a bank at the rate of 10% simple interest for 3 years and lends to B at the rate of 15% for the same time period. Find the overall profit of A in the whole transaction.

1905 0

  • 1
    Rs. 375
    Correct
    Wrong
  • 2
    Rs. 275
    Correct
    Wrong
  • 3
    Rs. 225
    Correct
    Wrong
  • 4
    Rs. 325
    Correct
    Wrong
  • 5
    Rs. 250
    Correct
    Wrong
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Answer : 3. "Rs. 225"

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?

1896 0

  • 1
    Rs. 35
    Correct
    Wrong
  • 2
    Rs. 245
    Correct
    Wrong
  • 3
    Rs. 350
    Correct
    Wrong
  • 4
    Cannot determined
    Correct
    Wrong
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Answer : 4. "Cannot determined"

Q:

What is the difference between the interest of Ram and Shyam in the given picture if Ram's money is on simple interest and Shyam's money is on compound interest.

1866 0

  • 1
    735.905
    Correct
    Wrong
  • 2
    745.904
    Correct
    Wrong
  • 3
    735.904
    Correct
    Wrong
  • 4
    740.905
    Correct
    Wrong
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Answer : 2. "745.904"

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?

1840 0

  • 1
    3,414
    Correct
    Wrong
  • 2
    3,807
    Correct
    Wrong
  • 3
    3,149
    Correct
    Wrong
  • 4
    3,921
    Correct
    Wrong
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Answer : 4. "3,921"

Q:

Simple interest on an amount is Rs. 24 and true discount on the same is Rs. 20. The principal amount is

1838 0

  • 1
    110
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 2. "120"

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.

1826 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
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Answer : 1. "400"

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