Simple Interest Questions Practice Question and Answer
8 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 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?
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610c072a997056628331105c- 19true
- 26false
- 38false
- 412false
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Answer : 1. "9"
Q: At what simple rate of interest a sum is double in 8 years?
1527 160f9328516158a5eedaec179
60f9328516158a5eedaec179- 111.0 %false
- 212.5 %true
- 312 %false
- 413.5 %false
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Answer : 2. "12.5 %"
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.
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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: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
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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.
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5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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Answer : 4. "₹ 600 "
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
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5f0d5d41fce67160728e40c7- 1$$7{9\over 17}\%$$false
- 2$$29{1\over 6}\%$$false
- 3$$12{1\over 2}\%$$true
- 4$$5{5\over 17}\%$$false
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