Simple Interest Questions Practice Question and Answer

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Answer : 2. "500"

Q:

Any money at the rate of simple interest becomes Rs 1143 in 3 years and Rs 1305 in 5 years Find the rate of principal and interest.

1664 0

  • 1
    960 and 5 %
    Correct
    Wrong
  • 2
    900 and 9%
    Correct
    Wrong
  • 3
    850 and 8 %
    Correct
    Wrong
  • 4
    800 and 4 %
    Correct
    Wrong
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Answer : 2. "900 and 9%"

Q:

At what simple rate of interest a sum is double in 8 years?

1655 1

  • 1
    11.0 %
    Correct
    Wrong
  • 2
    12.5 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    13.5 %
    Correct
    Wrong
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Answer : 2. "12.5 %"

Q:

The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate  for 2 years is ₹170. The rate of interest is 

1646 0

  • 1
    $$7{9\over 17}\%$$
    Correct
    Wrong
  • 2
    $$29{1\over 6}\%$$
    Correct
    Wrong
  • 3
    $$12{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$5{5\over 17}\%$$
    Correct
    Wrong
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Answer : 3. "$$12{1\over 2}\%$$"

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?

1638 0

  • 1
    9
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    8
    Correct
    Wrong
  • 4
    12
    Correct
    Wrong
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Answer : 1. "9"

Q:

The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is 

1623 0

  • 1
    ₹ 5000
    Correct
    Wrong
  • 2
    ₹35500
    Correct
    Wrong
  • 3
    ₹ 7300
    Correct
    Wrong
  • 4
    ₹3650
    Correct
    Wrong
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Answer : 3. "₹ 7300 "

Q:

At what annual percentage rate, 10 years of simple interest on an amount will be $$ {2\over 5}$$ of the addition?

1622 0

  • 1
    4 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    $$ {5{2\over3}{\%}}$$
    Correct
    Wrong
  • 4
    $$ {6{2\over3}{\%}}$$
    Correct
    Wrong
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Answer : 4. "$$ {6{2\over3}{\%}}$$"

Q:

A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.:

1609 0

  • 1
    14
    Correct
    Wrong
  • 2
    28
    Correct
    Wrong
  • 3
    21
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 3. "21 "

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