Simple Interest Questions Practice Question and Answer
8 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-
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65423c754a7ba1cb6049bb4a- 1true
- 2false
- 3false
- 4false
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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:
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649e789746047484bc7daf92- 112%false
- 28%true
- 310%false
- 45%false
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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?
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643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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Answer : 4. "2 : 5"
Q: At what rate per cent per annum will a sum of money double in 8 years?
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6410568a5bff3d098ddc0683- 112.5%true
- 213.5%false
- 311.5%false
- 414.5%false
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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?
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64dc7b34d4a4292bfff35744- 1Rs. 4,565false
- 2Rs. 5,000false
- 3Rs. 4,550false
- 4Rs. 4,695false
- 5Rs. 4,965true
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Answer : 5. "Rs. 4,965"
Q: In what time will ₹ 72 become ₹ 81 at % per annum simple interest?
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65423a82dfda58cb3c9dc6f8- 12 yearstrue
- 23 yearsfalse
- 32 years 6 monthsfalse
- 4None of thesefalse
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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?
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6410540956c45fd8d3ac4305- 15 yearstrue
- 26 yearsfalse
- 33 yearsfalse
- 44 yearsfalse
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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-
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65423d12c298bbcb028932f3- 1₹ 123true
- 2₹ 103false
- 3₹ 200false
- 4₹ 223false
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