Simple Interest Questions Practice Question and Answer

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 

1750 1

  • 1
    ₹ 225
    Correct
    Wrong
  • 2
    ₹ 150
    Correct
    Wrong
  • 3
    ₹ 112.50
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 225 "
Explanation :

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?

1735 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 400
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

Q:

A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?

1721 0

  • 1
    4 Years
    Correct
    Wrong
  • 2
    3 Years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    2½ Years
    Correct
    Wrong
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Answer : 2. "3 Years"

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 

1720 0

  • 1
    ₹ 2,800
    Correct
    Wrong
  • 2
    ₹ 3,050
    Correct
    Wrong
  • 3
    ₹ 2,750
    Correct
    Wrong
  • 4
    ₹ 2,760
    Correct
    Wrong
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Answer : 4. "₹ 2,760 "

Q:

A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?

1719 0

  • 1
    Rs.8946
    Correct
    Wrong
  • 2
    Rs. 8740
    Correct
    Wrong
  • 3
    Rs. 8520
    Correct
    Wrong
  • 4
    Rs.8800
    Correct
    Wrong
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Answer : 3. "Rs. 8520"

Q:

A certain sum of Rs.4200 becomes Rs5523 at 11% p.a simple interest in a certain time. What is the simple interest on the sum of Rs. 4800 at the same rate and in same time period?

1696 0

  • 1
    1346
    Correct
    Wrong
  • 2
    1512
    Correct
    Wrong
  • 3
    1506
    Correct
    Wrong
  • 4
    1495
    Correct
    Wrong
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Answer : 2. "1512 "

Q:

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

1683 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
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Answer : 1. "Rs 5750"

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?

1673 0

  • 1
    Rs. 675
    Correct
    Wrong
  • 2
    Rs. 700
    Correct
    Wrong
  • 3
    Rs. 276
    Correct
    Wrong
  • 4
    Rs. 650
    Correct
    Wrong
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Answer : 4. "Rs. 650"

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