Simple Interest Questions Practice Question and Answer

Q:

An amount doubles itself in 5 years simple interest. What is the rate of interest per year?

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  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 1. "20%"

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

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  • 1
    ₹ 450
    Correct
    Wrong
  • 2
    ₹ 550
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

Q:

The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-

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  • 1
    200
    Correct
    Wrong
  • 2
    225
    Correct
    Wrong
  • 3
    175
    Correct
    Wrong
  • 4
    300
    Correct
    Wrong
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Answer : 1. "200 "
Explanation :

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

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  • 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"

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 

1374 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:

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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  • 1
    7 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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Answer : 3. "5 years "
Explanation :

Q:

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

1365 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:

Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?

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  • 1
    400
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    310
    Correct
    Wrong
  • 4
    220
    Correct
    Wrong
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Answer : 1. "400"

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