Simple Interest Questions Practice Question and Answer
8 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?
1302 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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Answer : 1. "₹ 250 "
Q: Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :
1296 0608292a360a06a7ffdaaf57c
608292a360a06a7ffdaaf57c- 12.5%false
- 25%false
- 37.5%false
- 410%true
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Answer : 4. "10%"
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
1295 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 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.
1293 05f0d59c8cec10557a8df13f9
5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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Answer : 4. "₹ 600 "
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.
1291 05f0d81c76d4355600947fbae
5f0d81c76d4355600947fbae- 125%false
- 215%false
- 310%true
- 420%false
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Answer : 3. "10% "
Q: A person invested some amount at the rate of 12 % simple interest and a certain amount at the rate of 10 % simple interest for 1 year. He received yearly interest of Rs. ₹ 130, but if he had interchanged the amount invested, he would have received 4 more as interest. How much did he invest at 12 % simple interest?
1277 05f0d84bf9b26c36beb30d55c
5f0d84bf9b26c36beb30d55c- 1800false
- 2500true
- 3700false
- 4400false
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Answer : 2. "500"
Q: At what simple rate of interest a sum is double in 8 years?
1265 160f9328516158a5eedaec179
60f9328516158a5eedaec179- 111.0 %false
- 212.5 %true
- 312 %false
- 413.5 %false
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Answer : 2. "12.5 %"
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.:
1263 05e86d358e378b64bed5ba96f
5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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