Simple Interest Questions Practice Question and Answer

Q:

If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum. 

1082 0

  • 1
    25%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 3. "10% "

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.

1072 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:

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? 

1072 0

  • 1
    ₹ 250
    Correct
    Wrong
  • 2
    ₹ 225
    Correct
    Wrong
  • 3
    ₹ 212
    Correct
    Wrong
  • 4
    ₹ 200
    Correct
    Wrong
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Answer : 1. "₹ 250 "

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. 

1070 0

  • 1
    ₹ 1740
    Correct
    Wrong
  • 2
    ₹ 120
    Correct
    Wrong
  • 3
    ₹ 6000
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

Q:

In what time will the annual simple interest rate at , 72 rupees becomes 81 rupees?

1062 0

  • 1
    2 year
    Correct
    Wrong
  • 2
    2 year 6 month
    Correct
    Wrong
  • 3
    3 year
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. " 2 year"

Q:

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is 

1053 0

  • 1
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7% "

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?

1050 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:

The amount of Rs 400 becomes Rs 480 in 4 years. If the rate of interest is increased by 2 percent, how much will it be?

1044 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512 "

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