Simple Interest Questions Practice Question and Answer
8 Q: If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be
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5f0d5f106d43556009477bdf- 112%true
- 26 %false
- 310 %false
- 48 %false
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Answer : 1. "12% "
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:
1433 06481860c23e51f477708d12b
6481860c23e51f477708d12b- 1₹6,655false
- 2₹3,744false
- 3₹6,864true
- 4₹3,975false
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Answer : 3. "₹6,864"
Q: In what time will the annual simple interest rate at $$ {6{1\over4}{\%}}$$ , 72 rupees becomes 81 rupees?
1421 05f8014474e4f797ddbd7c4de
5f8014474e4f797ddbd7c4de- 12 yeartrue
- 22 year 6 monthfalse
- 33 yearfalse
- 4None of thesefalse
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Answer : 1. " 2 year"
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
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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 ₹) -
1404 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 doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?
1399 0648723eee8d2170cb3a23c6b
648723eee8d2170cb3a23c6b- 121 yearsfalse
- 225 yearsfalse
- 328 yearstrue
- 423 yearsfalse
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Answer : 3. "28 years"
Q: The simple interest on an amount at the rate of 7 percent for five years is Rs 700. So how much is the principal?
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5fa91b5b4e71ba46b02a64b7- 11800false
- 21600false
- 32000true
- 42100false
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Answer : 3. "2000"
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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