Simple Interest Questions Practice Question and Answer

Q:

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

1197 0

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

Q:

A sum of money at simple interest amounts to ₹ 1,012 in $$2{1\over2}\%$$ years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:

1188 0

  • 1
    4%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
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Answer : 1. "4% "
Explanation :

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 

1182 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:

 If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum? 

1179 0

  • 1
    132.50
    Correct
    Wrong
  • 2
    135.60
    Correct
    Wrong
  • 3
    137.60
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "137.60"

Q:

In what time will ₹ 72 become ₹ 81 at $$6{1\over4}$$ % per annum simple interest?

1163 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "2 years"
Explanation :

Q:

What would be the simple interest obtained on an amount of `6,535 at the rate of 10 % p.a. (percent per annum) after 6 years?

1144 0

  • 1
    3414
    Correct
    Wrong
  • 2
    3921
    Correct
    Wrong
  • 3
    3807
    Correct
    Wrong
  • 4
    3149
    Correct
    Wrong
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Answer : 2. "3921"

Q:

At what rate per cent per annum will a sum of money double in 8 years?

1139 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    13.5%
    Correct
    Wrong
  • 3
    11.5%
    Correct
    Wrong
  • 4
    14.5%
    Correct
    Wrong
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Answer : 1. "12.5%"

Q:

A sum of money becomes Rs 16000 in 6 years at the rate of 25% per annum simple interest. What is the total interest for 6 years?

1137 0

  • 1
    Rs. 9600
    Correct
    Wrong
  • 2
    Rs. 6000
    Correct
    Wrong
  • 3
    Rs. 8400
    Correct
    Wrong
  • 4
    Rs. 9000
    Correct
    Wrong
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Answer : 1. "Rs. 9600 "

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