Simple Interest Questions Practice Question and Answer
8 Q: A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
2224 05f5aface69ed13038c19e82a
5f5aface69ed13038c19e82a- 1Rs.39,800false
- 2Rs.39,900true
- 3Rs.39,950false
- 4Rs.39,990false
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Answer : 2. "Rs.39,900"
Q: Rakesh invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at the same rate of interest. How much interest does Raj get?
3621 15f4f642a0c72eb234932c979
5f4f642a0c72eb234932c979- 1Rs. 3750true
- 2Rs. 6250false
- 3Rs. 3125false
- 4Rs. 4250false
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Answer : 1. "Rs. 3750"
Q: Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
1476 05f2cfa36b57ade01caff3a35
5f2cfa36b57ade01caff3a35- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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Answer : 3. "Rs 4600"
Q: The simple interest on an amount of 2,800 at the end of 3 years is Rs 420. What will be the simple interest at Rs 3200 for the same rate and for the same period?
1512 05f1aa8c48ae6514e222d1dd8
5f1aa8c48ae6514e222d1dd8- 1Rs .480true
- 2Rs. 560false
- 3Rs. 440false
- 4Rs. 640false
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Answer : 1. "Rs .480"
Q: What would be the simple interest obtained on amount of Rs.6,535 at the rate of 10% Percent per annum after 6 years?
1188 05f0ec250f4c8bf4bad01db4d
5f0ec250f4c8bf4bad01db4d- 13,414false
- 23,807false
- 33,149false
- 43,921true
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Answer : 4. "3,921"
Q: Megha invests an amount of Rs. 15,860 in the names of her three daughters A, B and C in such a way that they get the same interest after 2, 3 and 4 years respectively. If the rate of simple interest is 5 % p.a, then the ratio of the amounts invested among A, B and C will be –
1596 05f0d85f69b26c36beb30dd5e
5f0d85f69b26c36beb30dd5e- 16 : 7 : 8false
- 26 : 5 : 4false
- 35 : 10 : 12false
- 4true
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Answer : 4. " "
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?
1034 05f0d84bf9b26c36beb30d55c
5f0d84bf9b26c36beb30d55c- 1800false
- 2500true
- 3700false
- 4400false
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Answer : 2. "500"
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.
1019 05f0d81c76d4355600947fbae
5f0d81c76d4355600947fbae- 125%false
- 215%false
- 310%true
- 420%false
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