Simple Interest Questions Practice Question and Answer
8 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 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?
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5fa91c953c64cb3fb8e8b1f6- 15760false
- 26620true
- 33310false
- 42880false
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Answer : 2. "6620"
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: What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?
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6548d87fddecc634f37a8c79- 11500true
- 21835false
- 31935false
- 41950false
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Answer : 1. "1500 "
Explanation :

Q: A sum of ₹ 10,000 is lent partly at 8 % and remaining at 10% per annum. If the yearly interest on the average is 9.2 %, the two parts are
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5f0d473e9b26c36beb2fd666- 1₹ 5000, ₹ 5000false
- 2₹ 5500 , ₹ 4500false
- 3₹ 4000 , ₹ 6000true
- 4₹ 4500, ₹ 5500false
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Answer : 3. "₹ 4000 , ₹ 6000 "
Q: If the difference between CI and SI for 3 years at the rate of 10% is Rs 31. Find the principle.
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5e9d2e8b772f97276f50e3ad- 1₹ 1,000true
- 2₹ 1,500false
- 3₹2,000false
- 4₹ 800false
- 5None of thesefalse
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Answer : 1. "₹ 1,000 "
Q: Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?
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6548d7b141ff7f5484036df7- 17 yearsfalse
- 23 yearsfalse
- 35 yearstrue
- 44 yearsfalse
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Answer : 3. "5 years "
Explanation :

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?
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5eb00fa38d1f47273b1d3be3- 1Rs. 567true
- 2Rs. 885.95false
- 3Rs. 5670false
- 4Can't be determinedfalse
- 5None of thesefalse
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