Simple Interest Questions Practice Question and Answer
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
1067 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: 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?
1063 063d0c6d10d9e560db8e9f83c
63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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Answer : 3. "25 %"
Q: Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?
1063 0602df66ba503a25a4b89cf53
602df66ba503a25a4b89cf53- 1400true
- 2120false
- 3310false
- 4220false
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Answer : 1. "400"
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?
1061 05f76c8e6e487e60dced902dc
5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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Answer : 3. "20 years"
Q: The simple interest on a sum of money is $$8\over 25$$ of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annum is
1052 05f0d5a17cec10557a8df1489
5f0d5a17cec10557a8df1489- 16%false
- 28%true
- 35%false
- 44%false
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Answer : 2. "8%"
Q: In what time will the simple interest be $$ {2\over5} $$ of the principal at 8% per annum?
1040 05ec5f681977d8b0224abe9eb
5ec5f681977d8b0224abe9eb- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years "
Q: A property fetches a net annual income of ₹1000 deducting all outgoings. The capitalized value of the property for the rate of interest 6% will be (in ₹) -
1026 062ff7acffef7996822ddfa7c
62ff7acffef7996822ddfa7c- 1₹16667.00true
- 2₹15003.00false
- 3₹18000.00false
- 4None of the abovefalse
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Answer : 1. "₹16667.00"
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.
1024 0642255deed76c064b8506f1b
642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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