Simple Interest Questions Practice Question and Answer

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 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    16 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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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 0

  • 1
    14.4 %
    Correct
    Wrong
  • 2
    13.33 %
    Correct
    Wrong
  • 3
    13.4 %
    Correct
    Wrong
  • 4
    14.33 %
    Correct
    Wrong
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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 0

  • 1
    5%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
  • 5
    8%
    Correct
    Wrong
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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 0

  • 1
    $$ 5{1\over 3}\% $$
    Correct
    Wrong
  • 2
    $$ 3{1\over 3}\% $$
    Correct
    Wrong
  • 3
    $$ 1{1\over 3}\% $$
    Correct
    Wrong
  • 4
    $$ 2{1\over 3}\% $$
    Correct
    Wrong
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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 0

  • 1
    ₹ 484
    Correct
    Wrong
  • 2
    ₹ 560
    Correct
    Wrong
  • 3
    ₹ 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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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 0

  • 1
    2000
    Correct
    Wrong
  • 2
    2100
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
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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 0

  • 1
    4 %
    Correct
    Wrong
  • 2
    5 %
    Correct
    Wrong
  • 3
    2 %
    Correct
    Wrong
  • 4
    3 %
    Correct
    Wrong
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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 0

  • 1
    25%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 3. "10% "

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