Simple Interest Questions Practice Question and Answer

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

1230 0

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

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 ₹) -

1227 0

  • 1
    ₹16667.00
    Correct
    Wrong
  • 2
    ₹15003.00
    Correct
    Wrong
  • 3
    ₹18000.00
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 1. "₹16667.00"

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? 

1216 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:

The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?

1214 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 7,500
    Correct
    Wrong
  • 3
    Rs. 2,500
    Correct
    Wrong
  • 4
    Rs. 8,000
    Correct
    Wrong
  • 5
    Rs. 6,000
    Correct
    Wrong
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Answer : 4. "Rs. 8,000"

Q:

₹ 1,000 is invested at 5% per annum simple interest. If the interest is added to the Aprincipal after every 10 years, the amount will become 2,000 after

1184 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

Q:

A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is:

1183 0

  • 1
    ₹6,655
    Correct
    Wrong
  • 2
    ₹3,744
    Correct
    Wrong
  • 3
    ₹6,864
    Correct
    Wrong
  • 4
    ₹3,975
    Correct
    Wrong
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Answer : 3. "₹6,864"

Q:

A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.

1180 0

  • 1
    $$38{2\over 9} \% $$
    Correct
    Wrong
  • 2
    $$33{1\over 3} \% $$
    Correct
    Wrong
  • 3
    $$27{1\over 9} \% $$
    Correct
    Wrong
  • 4
    $$22{2\over 9} \% $$
    Correct
    Wrong
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Answer : 4. "$$22{2\over 9} \% $$"

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Answer : 3. "Rs. 20160"

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