Simple Interest Questions Practice Question and Answer

Q:

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

877 0

  • 1
    ₹ 123
    Correct
    Wrong
  • 2
    ₹ 103
    Correct
    Wrong
  • 3
    ₹ 200
    Correct
    Wrong
  • 4
    ₹ 223
    Correct
    Wrong
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Answer : 1. "₹ 123 "
Explanation :

Q:

A person lends 40% of his sum of money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?

866 0

  • 1
    13.4%
    Correct
    Wrong
  • 2
    14.33%
    Correct
    Wrong
  • 3
    14.4%
    Correct
    Wrong
  • 4
    13.33%
    Correct
    Wrong
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Answer : 3. "14.4% "
Explanation :

Q:

A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is

797 0

  • 1
    10%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 1. "10% "
Explanation :

Q:

The amount ₹2,100 became ₹ 2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest?

787 0

  • 1
    ₹210
    Correct
    Wrong
  • 2
    ₹220
    Correct
    Wrong
  • 3
    ₹942
    Correct
    Wrong
  • 4
    ₹242
    Correct
    Wrong
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Answer : 1. "₹210"

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? 

776 0

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

Q:

Atm of ₹2.400. amounts to ₹3,264 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to-

743 0

  • 1
    ₹3288
    Correct
    Wrong
  • 2
    ₹3340
    Correct
    Wrong
  • 3
    ₹3312
    Correct
    Wrong
  • 4
    ₹3360
    Correct
    Wrong
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Answer : 4. "₹3360"

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