Simple Interest Questions Practice Question and Answer

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?

1158 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    2000
    Correct
    Wrong
  • 4
    2100
    Correct
    Wrong
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Answer : 3. "2000"

Q:

What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ? 

1157 0

  • 1
    6000
    Correct
    Wrong
  • 2
    5000
    Correct
    Wrong
  • 3
    6300
    Correct
    Wrong
  • 4
    6500
    Correct
    Wrong
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Answer : 1. "6000 "
Explanation :

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Answer : 1. "Rs. 8000 "

Q:

The difference between the simple interest and the compound interest on a certain amount at 5% for two years is 25, what is the amount?

1149 0

  • 1
    8000
    Correct
    Wrong
  • 2
    9000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
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Answer : 3. "10,000 "

Q:

A certain sum (in Rs.) is invested at simple interest at x% p.a. for 5 years. Had it been invested at (x+5)% p.a, the simple interest would have been Rs.9,200 more than the earlier one. What is the sum?

1145 0

  • 1
    Rs. 36,800
    Correct
    Wrong
  • 2
    Rs. 36,400
    Correct
    Wrong
  • 3
    Rs. 35,800
    Correct
    Wrong
  • 4
    Rs.40,000
    Correct
    Wrong
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Answer : 1. "Rs. 36,800"

Q:

Ms. Deksha borrow Rs. 575 at 5 % per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

1135 0

  • 1
    690
    Correct
    Wrong
  • 2
    115
    Correct
    Wrong
  • 3
    151
    Correct
    Wrong
  • 4
    960
    Correct
    Wrong
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Answer : 1. "690"

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 

1133 0

  • 1
    6%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    4%
    Correct
    Wrong
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Answer : 2. "8%"

Q:

A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

1127 0

  • 1
    21 years
    Correct
    Wrong
  • 2
    25 years
    Correct
    Wrong
  • 3
    28 years
    Correct
    Wrong
  • 4
    23 years
    Correct
    Wrong
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Answer : 3. "28 years"

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