Simple Interest Questions Practice Question and Answer
8 Q: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
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5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
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Answer : 3. "₹ 7300 "
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.
1449 05fe1b9a092210049c5b0cc4a
5fe1b9a092210049c5b0cc4a- 1960 and 5 %false
- 2900 and 9%true
- 3850 and 8 %false
- 4800 and 4 %false
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Answer : 2. "900 and 9%"
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?
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602e408f6d461f66398818d3- 11346false
- 21512true
- 31506false
- 41495false
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Answer : 2. "1512 "
Q: A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?
1437 06116217a56340c20700ac41d
6116217a56340c20700ac41d- 14 Yearsfalse
- 23 Yearstrue
- 35 yearsfalse
- 42½ Yearsfalse
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Answer : 2. "3 Years"
Q: At what simple rate of interest a sum is double in 8 years?
1429 160f9328516158a5eedaec179
60f9328516158a5eedaec179- 111.0 %false
- 212.5 %true
- 312 %false
- 413.5 %false
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Answer : 2. "12.5 %"
Q: A sum of money lent out at simple interest amounts to ₹720 after 2 years and 1020 after a further period of 5 years. Find the principal.
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5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
1414 05fd34d45956cb668fbde8b19
5fd34d45956cb668fbde8b19- 1Rs. 2.50false
- 2Rs. 3true
- 3Rs. 3.75false
- 4Rs. 4false
- 5None of thesefalse
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Answer : 2. "Rs. 3"
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.:
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5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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