Simple Interest Questions Practice Question and Answer

Q:

Manoj deposited ₹ 29400 for 6 years at a simple interest. He got ₹ 4200 as interest after 6 years. The annual rate of interest was-

604 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. ""
Explanation :

Q:

In 5 years, the simple interest on an amount of Rs. X is of the principal. The rate of interest per annum is:

603 0

  • 1
    12%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "8%"

Q:

What will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years and for 15 years respectively?

578 0

  • 1
    3 : 5
    Correct
    Wrong
  • 2
    5 : 3
    Correct
    Wrong
  • 3
    5 : 2
    Correct
    Wrong
  • 4
    2 : 5
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "2 : 5"

Q:

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

567 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    13.5%
    Correct
    Wrong
  • 3
    11.5%
    Correct
    Wrong
  • 4
    14.5%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "12.5%"

Q:

There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 15,000 after 3 years at the same rate of interest?

557 0

  • 1
    Rs. 4,565
    Correct
    Wrong
  • 2
    Rs. 5,000
    Correct
    Wrong
  • 3
    Rs. 4,550
    Correct
    Wrong
  • 4
    Rs. 4,695
    Correct
    Wrong
  • 5
    Rs. 4,965
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 5. "Rs. 4,965"

Q:

In what time will ₹ 72 become ₹ 81 at % per annum simple interest?

544 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "2 years"
Explanation :

Q:

In what time will ₹8000, at 3% per annum, produce the same interest as ₹6000 does in 5 years at 4% simple interest is? 

535 0

  • 1
    5 years
    Correct
    Wrong
  • 2
    6 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "5 years"

Q:

The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-

522 0

  • 1
    ₹ 123
    Correct
    Wrong
  • 2
    ₹ 103
    Correct
    Wrong
  • 3
    ₹ 200
    Correct
    Wrong
  • 4
    ₹ 223
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "₹ 123 "
Explanation :

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully