Simple Interest Questions Practice Question and Answer
8 Q: A sum of money at double the rate of simple interest doubles itself in 10 years. In how much time will that amount be triple of itself?
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5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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Answer : 3. "20 years"
Q: Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?
1116 0602df66ba503a25a4b89cf53
602df66ba503a25a4b89cf53- 1400true
- 2120false
- 3310false
- 4220false
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Answer : 1. "400"
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
1115 0624d63766dc29f5ccd0ea9d9
624d63766dc29f5ccd0ea9d9- 1784false
- 2800true
- 3700false
- 4760false
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Answer : 2. "800"
Explanation :

Q: A sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
1111 0642255deed76c064b8506f1b
642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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Answer : 4. "1 : 8"
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
1109 05fd874de6c22b74b3a9ee9d4
5fd874de6c22b74b3a9ee9d4- 115 yearsfalse
- 2$$ {{33}{1\over 3}}$$ yearstrue
- 3$$ {{16}{2\over 3}}$$ yearsfalse
- 440 yearsfalse
- 5None of thesefalse
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Answer : 2. "$$ {{33}{1\over 3}}$$ years "
Q: In what time will the simple interest be $$ {2\over5} $$ of the principal at 8% per annum?
1095 05ec5f681977d8b0224abe9eb
5ec5f681977d8b0224abe9eb- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years "
Q: What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?
1090 06548d87fddecc634f37a8c79
6548d87fddecc634f37a8c79- 11500true
- 21835false
- 31935false
- 41950false
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Answer : 1. "1500 "
Explanation :

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-
1090 160f7d50aef8c4b405cab1ac4
60f7d50aef8c4b405cab1ac4- 1Rs.9000false
- 2Rs.9600true
- 3Rs.7200false
- 4Rs.8400false
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