Simple Interest Questions Practice Question and Answer
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?
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648723eee8d2170cb3a23c6b- 121 yearsfalse
- 225 yearsfalse
- 328 yearstrue
- 423 yearsfalse
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Answer : 3. "28 years"
Q: A certain sum amounts to ₹15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in years at 10% p.a., if the interest is compounded half yearly (nearest to ₹1)?
661 064be676823047f4c71dc9c42
64be676823047f4c71dc9c42- 1₹ 14,470true
- 2₹ 15,125false
- 3₹ 14,360false
- 4₹ 13,460false
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Answer : 1. "₹ 14,470"
Q: On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.
658 063d29736484e510dd07155fe
63d29736484e510dd07155fe- 1Rs. 3100true
- 2Rs.3000false
- 3Rs.2800false
- 4Rs. 3200false
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Answer : 1. "Rs. 3100 "
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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Answer : 3. "Rs. 20160"
Q: A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-
653 06548d279c298bbcb029d4548
6548d279c298bbcb029d4548- 13%false
- 24%false
- 35%false
- 46%true
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Answer : 4. "6%"
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?
643 0639c8e074eaee21296c28ae4
639c8e074eaee21296c28ae4- 13414false
- 23921true
- 33807false
- 43149false
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Answer : 2. "3921"
Q: At what rate of simple interest will a sum of money double in 8 years?
627 0630ded7b4e3bf85cbe748c56
630ded7b4e3bf85cbe748c56- 116%false
- 214%false
- 312.5%true
- 48%false
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Answer : 3. "12.5%"
Q: What is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in years?
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64805956a33e0f47b7719e6b- 1false
- 2false
- 3true
- 4false
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