Simple Interest Questions Practice Question and Answer

Q:

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

1513 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:

A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?

1493 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "25 %"

Q:

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-

1490 1

  • 1
    Rs.9000
    Correct
    Wrong
  • 2
    Rs.9600
    Correct
    Wrong
  • 3
    Rs.7200
    Correct
    Wrong
  • 4
    Rs.8400
    Correct
    Wrong
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Answer : 2. "Rs.9600"

Q:

The simple interest and the true discount on a certain sum for a given period and at a given rate are 25 and 20 respectively. The sum is 

1486 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 200
    Correct
    Wrong
  • 3
    ₹ 250
    Correct
    Wrong
  • 4
    ₹ 100
    Correct
    Wrong
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Answer : 4. "₹ 100 "

Q:

2 years, a sum was put at SI at a certain rate. If the rate was 3 % higher, it would have fetched 300 more. What will be the sum? 

1485 0

  • 1
    2500
    Correct
    Wrong
  • 2
    4484
    Correct
    Wrong
  • 3
    5000
    Correct
    Wrong
  • 4
    4800
    Correct
    Wrong
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Answer : 3. "5000 "

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Answer : 4. "1 : 8"

Q:

The amount of Rs 400 becomes Rs 480 in 4 years. If the rate of interest is increased by 2 percent, how much will it be?

1483 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512 "

Q:

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

1477 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. "$$ {12{1\over 2}}\%$$"

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