Simple Interest Questions Practice Question and Answer

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.

1353 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "400"

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 %? 

1347 0

  • 1
    ₹ 484
    Correct
    Wrong
  • 2
    ₹ 560
    Correct
    Wrong
  • 3
    ₹ 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 512 "

Q:

Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?

1345 0

  • 1
    Rs 5750
    Correct
    Wrong
  • 2
    Rs 8500
    Correct
    Wrong
  • 3
    Rs 5650
    Correct
    Wrong
  • 4
    Rs 8250
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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.

1338 0

  • 1
    735.905
    Correct
    Wrong
  • 2
    745.904
    Correct
    Wrong
  • 3
    735.904
    Correct
    Wrong
  • 4
    740.905
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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

1333 0

  • 1
    110
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "120"

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’?

1319 0

  • 1
    5%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
  • 5
    8%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "5%"

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?

1315 0

  • 1
    Rs. 675
    Correct
    Wrong
  • 2
    Rs. 700
    Correct
    Wrong
  • 3
    Rs. 276
    Correct
    Wrong
  • 4
    Rs. 650
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 650"

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.

1309 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
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 225"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully