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 %?
1602 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.
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5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
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Answer : 1. "2000 "
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?
1590 060373f699d90e74af72ad653
60373f699d90e74af72ad653- 1Rs. 300true
- 2Rs. 400false
- 3Rs. 500false
- 4Rs. 600false
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Answer : 1. "Rs. 300 "
Q: A sum of ₹ 7, 930 is divided into 3 parts and given at loan at 5 % simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of
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5dca57bbf7c0852c4475b500- 1₹ 2,800false
- 2₹ 3,050false
- 3₹ 2,750false
- 4₹ 2,760true
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Answer : 4. "₹ 2,760 "
Q: Simple interest on an amount is Rs. 24 and true discount on the same is Rs. 20. The principal amount is
1582 06058699b4789ef0456dbef00
6058699b4789ef0456dbef00- 1110false
- 2120true
- 3140false
- 4100false
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Answer : 2. "120"
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.

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5ef056958022cc4acbba92eb- 1735.905false
- 2745.904true
- 3735.904false
- 4740.905false
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Answer : 2. "745.904"
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
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5dd63277c2282c484e4b5ee6- 14 %false
- 25 %true
- 32 %false
- 43 %false
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Answer : 2. "5 % "
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?
1560 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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