Simple Interest Questions Practice Question and Answer
8 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 0624d63766dc29f5ccd0ea9d9
624d63766dc29f5ccd0ea9d9- 1784false
- 2800true
- 3700false
- 4760false
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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 062ff7acffef7996822ddfa7c
62ff7acffef7996822ddfa7c- 1₹16667.00true
- 2₹15003.00false
- 3₹18000.00false
- 4None of the abovefalse
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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 05f0d47be9b26c36beb2fd731
5f0d47be9b26c36beb2fd731- 15 yearsfalse
- 27 yearsfalse
- 31 yearsfalse
- 43 yearstrue
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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 064e761763be218b6cdc81426
64e761763be218b6cdc81426- 1Rs. 5,000false
- 2Rs. 7,500false
- 3Rs. 2,500false
- 4Rs. 8,000true
- 5Rs. 6,000false
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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 06401defc51b71771391f9dcb
6401defc51b71771391f9dcb- 115 yearsfalse
- 218 yearsfalse
- 320 yearsfalse
- 4None of thesetrue
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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 06481860c23e51f477708d12b
6481860c23e51f477708d12b- 1₹6,655false
- 2₹3,744false
- 3₹6,864true
- 4₹3,975false
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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 064b50596e154aff53372df18
64b50596e154aff53372df18- 1$$38{2\over 9} \% $$false
- 2$$33{1\over 3} \% $$false
- 3$$27{1\over 9} \% $$false
- 4$$22{2\over 9} \% $$true
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Answer : 4. "$$22{2\over 9} \% $$"
Q: Rinky borrowed a certain sum of money from Kajal under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next 2 years, 12% p.a. after the first 8 years. Find the amount which a sum of Rs. 9000 taken for 12 years becomes at the end of 12 years?
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630db3237c72c077845b7f7e- 1Rs. 23470false
- 2Rs. 24567false
- 3Rs. 20160true
- 4Rs. 22350false
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