Simple Interest Questions Practice Question and Answer
8 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 %?
1476 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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Answer : 3. "₹ 512 "
Q: After 4 years, the difference between principal and simple interest is Rs. 228 at the rate of 6 percent simple interest, so what is the amount of principal?
1470 060373f699d90e74af72ad653
60373f699d90e74af72ad653- 1Rs. 300true
- 2Rs. 400false
- 3Rs. 500false
- 4Rs. 600false
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Answer : 1. "Rs. 300 "
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.
1446 064e7534f3be218b6cdc7ee06
64e7534f3be218b6cdc7ee06- 1Rs. 375false
- 2Rs. 275false
- 3Rs. 225true
- 4Rs. 325false
- 5Rs. 250false
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Answer : 3. "Rs. 225"
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’?
1439 062e0fcd555271b350333ad52
62e0fcd555271b350333ad52- 15%true
- 24%false
- 36%false
- 43%false
- 58%false
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Answer : 1. "5%"
Q: Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?
1438 05e6c8fb58fcee56af205b00b
5e6c8fb58fcee56af205b00b- 1Rs 5750true
- 2Rs 8500false
- 3Rs 5650false
- 4Rs 8250false
- 5None of thesefalse
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Answer : 1. "Rs 5750"
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.

1422 05ef056958022cc4acbba92eb
5ef056958022cc4acbba92eb- 1735.905false
- 2745.904true
- 3735.904false
- 4740.905false
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Answer : 2. "745.904"
Q: Simple interest on an amount is Rs. 24 and true discount on the same is Rs. 20. The principal amount is
1420 06058699b4789ef0456dbef00
6058699b4789ef0456dbef00- 1110false
- 2120true
- 3140false
- 4100false
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Answer : 2. "120"
Q: At the rate of 8 % simple annual interest, if an amount becomes Rs. 819 in 3 years and 3 months, then what was the original amount?
1412 05f87f636b7ad805e26c7b573
5f87f636b7ad805e26c7b573- 1Rs. 675false
- 2Rs. 700false
- 3Rs. 276false
- 4Rs. 650true
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