Simple Interest Questions Practice Question and Answer

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 

1091 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:

In a certain time, the ratio of a certain principle and interest obtained from it are in the ratio 10 : 3 at 10 % interest per annum. The number of years for which the money was invested is? 

1060 0

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

Q:

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

1052 0

  • 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:

The difference between the compound interest and simple interest of a certain sum of amount is rupees 256.40 for 4 years at 10% rate per annum. Find the sum of money?

1042 0

  • 1
    4800
    Correct
    Wrong
  • 2
    6000
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    4500
    Correct
    Wrong
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Answer : 3. "4000"

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

1040 0

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

Q:

Rs. 2,000 is invested at 10% p.a. on simple interest. If that interest is added to the principal after every 20 years, the amount will become Rs. 14,000 after

1031 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    $$ {{33}{1\over 3}}$$ years
    Correct
    Wrong
  • 3
    $$ {{16}{2\over 3}}$$ years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "$$ {{33}{1\over 3}}$$ years "

Q:

A sum of money lent at simple interest amounts to ₹ 880 in 2 years and to ₹ 920 in 3 years. The sum of money (in rupees) is

1028 0

  • 1
    784
    Correct
    Wrong
  • 2
    800
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    760
    Correct
    Wrong
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Answer : 2. "800"
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