Simple Interest Questions Practice Question and Answer
8 Q: The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-
1563 06548d60fbe1f083d14915fbc
6548d60fbe1f083d14915fbc- 1200true
- 2225false
- 3175false
- 4300false
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Answer : 1. "200 "
Explanation :

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
1552 05ec5f6e2980ff60a66c35c84
5ec5f6e2980ff60a66c35c84- 1$$ 5{1\over2}$$false
- 28%false
- 37%true
- 46%false
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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.
1549 060b7104784a0c27500555fc3
60b7104784a0c27500555fc3- 1Rs. 6,000false
- 2Rs. 8000true
- 3Rs. 10000false
- 4Rs. 12000false
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Answer : 2. "Rs. 8000"
Q: If the difference of interest of two banks of Rs 500 is Rs 2.50, find the difference between their rates.
1546 05fe1b9ffce32c8585c7382d9
5fe1b9ffce32c8585c7382d9- 10.35 %false
- 20.25 %true
- 30.45 %false
- 40.55 %false
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Answer : 2. "0.25 %"
Q: ₹ 500 was invested at 12 % per annum simple interest and another certain sum of money invested at 10 % per annum simple interest . If the total interest on both the sum after 4 years is 480, the latter sum of money is
1540 05ef153568022cc4acbbe17ac
5ef153568022cc4acbbe17ac- 1₹ 450false
- 2₹ 550false
- 3₹ 750false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: An amount doubles itself in 5 years simple interest. What is the rate of interest per year?
1528 060b70eb8b8943672abc1d445
60b70eb8b8943672abc1d445- 120%true
- 235 %false
- 325 %false
- 4Cannot be determinedfalse
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Answer : 1. "20%"
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-
1525 15fc476194f2f6c622bfdae4d
5fc476194f2f6c622bfdae4d- 16 : 3 : 2false
- 22 : 3 :4true
- 33 : 4 : 6false
- 43 : 4 :2false
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Answer : 2. "2 : 3 :4"
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?
1519 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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