Simple Interest Questions Practice Question and Answer
8 Q: The simple interest on a sum of money for 10 year is Rs. 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs) obtained after 10 years?
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5f0d62cd6d4355600947905f- 19390true
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Answer : 1. "9390"
Q: A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?
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5ef18c3f7fed557ba2ab1ea8- 120%false
- 225 %false
- 330 %true
- 4$$ 33{1\over3}\%$$false
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Answer : 3. "30 %"
Q: A took a certain sum as loan from bank at a rate of 8 % Simple Interest per annum. A lends the same amount to B at 12 % Simple interest per annum. If at the end of the five years. A made profit of Rs 800 form the deal, how much was the original sum?
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5ea6d11d5657c22f7803c0fc- 1Rs. 6500false
- 2Rs. 4000true
- 3Rs. 6200false
- 4Rs. 6000false
- 5Rs. 4500false
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Answer : 2. "Rs. 4000 "
Q: A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
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5f5aface69ed13038c19e82a- 1Rs.39,800false
- 2Rs.39,900true
- 3Rs.39,950false
- 4Rs.39,990false
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Answer : 2. "Rs.39,900"
Q: Kirti invested a sum of money at a certain rate of simple interest per annum for 3 years in "Bachat scheme". Had she invested the same sum in "Shiksha scheme" for 3 years which has a 2% higher simple interest rate per annum, the investment would have fetched ₹540 more. How much did Kirti invest?
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6422557132185cce37079548- 1₹ 9,500false
- 2₹ 9,000true
- 3₹ 7,000false
- 4₹ 8,000false
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Answer : 2. "₹ 9,000"
Q: ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years?
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5ddce6fe874e270a9a38f790- 1₹ 1020.80false
- 2₹ 1025false
- 3₹ 1052true
- 4₹ 1050false
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Answer : 3. "₹ 1052 "
Explanation :

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 2278 05cfdfdf770433d6f12b54050
5cfdfdf770433d6f12b54050- 15%false
- 2$$6{2\over3}\%$$true
- 36%false
- 4$$7{1\over5}\%$$false
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Answer : 2. "$$6{2\over3}\%$$"
Q: A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?
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