Simple Interest Questions Practice Question and Answer

Q:

Aryan invested ₹ 5200 at 4 %, 6 % and 8 % per annum simple interest. At the end of the year, he got the same interest in all the three cases, find the money invested at 4%. 

2517 0

  • 1
    ₹ 2800
    Correct
    Wrong
  • 2
    ₹ 3000
    Correct
    Wrong
  • 3
    ₹ 2500
    Correct
    Wrong
  • 4
    ₹ 2400
    Correct
    Wrong
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Answer : 4. "₹ 2400 "

Q:

A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?

2486 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    Correct
    Wrong
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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? 

2397 0

  • 1
    Rs. 6500
    Correct
    Wrong
  • 2
    Rs. 4000
    Correct
    Wrong
  • 3
    Rs. 6200
    Correct
    Wrong
  • 4
    Rs. 6000
    Correct
    Wrong
  • 5
    Rs. 4500
    Correct
    Wrong
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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?

2263 0

  • 1
    Rs.39,800
    Correct
    Wrong
  • 2
    Rs.39,900
    Correct
    Wrong
  • 3
    Rs.39,950
    Correct
    Wrong
  • 4
    Rs.39,990
    Correct
    Wrong
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Answer : 2. "Rs.39,900"

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Answer : 2. "₹ 9,000"

Q:

A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?

2125 0

  • 1
    15
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    27
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "32"

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? 

2079 0

  • 1
    ₹ 1020.80
    Correct
    Wrong
  • 2
    ₹ 1025
    Correct
    Wrong
  • 3
    ₹ 1052
    Correct
    Wrong
  • 4
    ₹ 1050
    Correct
    Wrong
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Answer : 3. "₹ 1052 "
Explanation :

Q: The simple interest on a sum of money is of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 2037 0

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

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