Simple Interest Questions Practice Question and Answer

Q:

A principal increase by 50 percent in five years at the rate of simple interest. What will be the compound interest for 3 years at Rs 20,000 with the same interest rate?

1388 0

  • 1
    5760
    Correct
    Wrong
  • 2
    6620
    Correct
    Wrong
  • 3
    3310
    Correct
    Wrong
  • 4
    2880
    Correct
    Wrong
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Answer : 2. "6620"

Q:

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

1376 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 sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is 

1372 0

  • 1
    $$ 5{1\over2}$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7% "

Q:

The simple interest on a certain sum of the money at 4 % per annum for 4 years is Rs.80 more than the interest on the same sum for 3 years at 5 % per annum. Find the sum.

1371 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 8000
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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Answer : 2. "Rs. 8000"

Q:

Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :

1370 0

  • 1
    2.5%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    7.5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. "10%"

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? 

1370 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:

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 

1368 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:

The simple interest on an amount at the rate of 13.5 p.c.p.a. for 10 years is Rs. 765.45. What is the sum?

1353 0

  • 1
    Rs. 567
    Correct
    Wrong
  • 2
    Rs. 885.95
    Correct
    Wrong
  • 3
    Rs. 5670
    Correct
    Wrong
  • 4
    Can't be determined
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 567 "

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