Simple Interest Questions Practice Question and Answer

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

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  • 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:

In how much time will a sum of Rs. 12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest?

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  • 1
    10 years
    Correct
    Wrong
  • 2
    7.5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    12.5 years
    Correct
    Wrong
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Answer : 2. "7.5 years"

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:

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  • 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:

Mahesh invests a sum of money which becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. How much had he invested?

908 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1500
    Correct
    Wrong
  • 4
    2800
    Correct
    Wrong
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Answer : 2. "1200"

Q:

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

905 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"

Q:

At some rate of simple interest, A lent ₹ 6,000 to B for 2 years and ₹ 1,500 to C for 4 years and received ₹ 9,00 as interest from both of them together. The rate of interest per annum was

903 0

  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "5% "
Explanation :

Q:

Answer the following questions

At a simple interest Rs. 3050 becomes Rs. 4026 in four years. If the interest rate was increased by 4% how much would Rs.7500 become in four years ?

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  • 1
    Rs.13100
    Correct
    Wrong
  • 2
    Rs.11200
    Correct
    Wrong
  • 3
    Rs. 12100
    Correct
    Wrong
  • 4
    Rs.11100
    Correct
    Wrong
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Answer : 4. "Rs.11100 "

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Answer : 3. "Rs. 20160"

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