Simple Interest Questions Practice Question and Answer
8 Q: What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in $$ 1{1\over2}$$ years compounded half yearly ?
2559 05efea963eb90be58c595fae7
5efea963eb90be58c595fae7- 1Rs. 80,000false
- 2Rs. 72,000false
- 3Rs. 64,000true
- 4Rs. 68,000false
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Answer : 3. "Rs. 64,000"
Q: How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?
2522 05f87fa3c58d85e164c543f96
5f87fa3c58d85e164c543f96- 1Rs. 72false
- 2Rs. 368true
- 3Rs. 92false
- 4Rs. 455false
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Answer : 2. "Rs. 368"
Q: The annual payment of Rs.1000 in 5 years at 4% per annum simple interest will discharge a debt of
2502 15fc4756ba5adbb0808cff0ef
5fc4756ba5adbb0808cff0ef- 1Rs.5440false
- 2Rs.5400true
- 3Rs.5600false
- 4Rs.5800false
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Answer : 2. "Rs.5400"
Q: Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.
2461 05f5af9e9dc518b408a417fac
5f5af9e9dc518b408a417fac- 1Rs. 1200false
- 2Rs. 1500false
- 3Rs. 1800false
- 4Rs. 2000true
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Answer : 4. "Rs. 2000"
Q: The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is : 2440 15cfdfae270433d6f12b5404b
5cfdfae270433d6f12b5404b- 10.1%false
- 20.2%false
- 30.3%true
- 40.4%false
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Answer : 3. "0.3%"
Q: Mr. Dutta desired to deposit his retirement benefit of ₹3 lacs partly to a post office and partly to a bank at 10 % and 6 % simple interests respectively. If his monthly interest income was ₹ 2000, then the difference of his deposits in the post office and in the bank was -
2416 05f0d5ba96d4355600947531a
5f0d5ba96d4355600947531a- 1₹ 40,000false
- 2₹ 50,000false
- 3₹ 1,00,000false
- 4₹ Niltrue
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Answer : 4. "₹ Nil "
Q: A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was
2335 05f0d469bfce67160728dd82a
5f0d469bfce67160728dd82a- 1₹ 6840false
- 2₹ 7200true
- 3₹ 6400false
- 4₹ 6472false
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Answer : 2. "₹ 7200"
Q:Direction: Bar graph given below shows number of pens and pencils sold by five different shops. Read the data carefully and answer the questions.

A man invested Rs. 9600 in two equal parts on SI for T years and (T + 2) years at the rates of 12.5% p.a and 16% p.a respectively. If the man got a total interest of Rs. 4272, then find the value of T.
2324 061c341e3e343c027677ccada
61c341e3e343c027677ccada
- 11false
- 23false
- 31.5false
- 42.5false
- 52true
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