Simple Interest Questions Practice Question and Answer
8 Q: A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?
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610c0344a0824f7eeb5c9240- 1Rs.8946false
- 2Rs. 8740false
- 3Rs. 8520true
- 4Rs.8800false
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Answer : 3. "Rs. 8520"
Q: A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\% $$ per annum simple interest for 2 years. His gain in this transaction is
1349 15f0c44786d4355600943e8c7
5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
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Answer : 1. "₹ 225 "
Explanation :

Q: A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?
1332 0610c072a997056628331105c
610c072a997056628331105c- 19true
- 26false
- 38false
- 412false
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Answer : 1. "9"
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
1330 05dd63277c2282c484e4b5ee6
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?
1284 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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Answer : 3. "24 years "
Q: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
1274 05dca5d75f7c0852c4475bc09
5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
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Answer : 3. "₹ 7300 "
Q: What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
1274 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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Answer : 1. "₹ 250 "
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)
1260 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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