Simple Interest Questions Practice Question and Answer
8 Q: A sum of money becomes 3 times in 12 years. In how many years it will become 5 times at the same rate of simple interest?
1818 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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Answer : 3. "24 years "
Q: A person lends 40 % of his sum of money at 15 % per annum, 50 % of rest at 10 % per annum and the rest at 18 % per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?
1814 05f0c48cd9b26c36beb2cc5d0
5f0c48cd9b26c36beb2cc5d0- 114.4 %true
- 213.33 %false
- 313.4 %false
- 414.33 %false
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Answer : 1. "14.4 % "
Q: A man invested Rs.25000 on simple interest at R% p.a. If interest received by man is three twentieth of the principal after three years, then find ‘R’?
1798 062e0fcd555271b350333ad52
62e0fcd555271b350333ad52- 15%true
- 24%false
- 36%false
- 43%false
- 58%false
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Answer : 1. "5%"
Q: The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)
1778 064953da1187426e0496a835f
64953da1187426e0496a835f- 1$$ 5{1\over 3}\% $$false
- 2$$ 3{1\over 3}\% $$false
- 3$$ 1{1\over 3}\% $$true
- 4$$ 2{1\over 3}\% $$false
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Answer : 3. " $$ 1{1\over 3}\% $$"
Q: A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %?
1767 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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Answer : 3. "₹ 512 "
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.
1766 05ec71dd4eaf6d54c81d84edc
5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
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Answer : 1. "2000 "
Q: A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was
1760 05dd63277c2282c484e4b5ee6
5dd63277c2282c484e4b5ee6- 14 %false
- 25 %true
- 32 %false
- 43 %false
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Answer : 2. "5 % "
Q: If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum.
1754 05f0d81c76d4355600947fbae
5f0d81c76d4355600947fbae- 125%false
- 215%false
- 310%true
- 420%false
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