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?

1118 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:

If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be 

1110 0

  • 1
    12%
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    8 %
    Correct
    Wrong
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Answer : 1. "12% "

Q:

At what simple rate of interest a sum is double in 8 years?

1108 1

  • 1
    11.0 %
    Correct
    Wrong
  • 2
    12.5 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    13.5 %
    Correct
    Wrong
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Answer : 2. "12.5 %"

Q:

A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is-

1103 1

  • 1
    6 : 3 : 2
    Correct
    Wrong
  • 2
    2 : 3 :4
    Correct
    Wrong
  • 3
    3 : 4 : 6
    Correct
    Wrong
  • 4
    3 : 4 :2
    Correct
    Wrong
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Answer : 2. "2 : 3 :4"

Q:

If an amount doubles automatically in 8 years, then what is the interest rate?

1099 0

  • 1
    $$ {12{1\over 2}}\%$$
    Correct
    Wrong
  • 2
    $$ {15{1\over 2}}\%$$
    Correct
    Wrong
  • 3
    5 %
    Correct
    Wrong
  • 4
    $$ {5{1\over 2}}\%$$
    Correct
    Wrong
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Answer : 1. "$$ {12{1\over 2}}\%$$"

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 

1097 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 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.

1097 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:

A sum of money at simple interest amount to Rs.4800 in 3 years and Rs.5600 in the 5 years. The sum is

1094 0

  • 1
    Rs. 3,400
    Correct
    Wrong
  • 2
    Rs. 3,600
    Correct
    Wrong
  • 3
    Rs. 3,200
    Correct
    Wrong
  • 4
    Rs. 3,000
    Correct
    Wrong
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Answer : 2. "Rs. 3,600"

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