Simple Interest Questions Practice Question and Answer

Q:

What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in years compounded half yearly ?

2029 0

  • 1
    Rs. 80,000
    Correct
    Wrong
  • 2
    Rs. 72,000
    Correct
    Wrong
  • 3
    Rs. 64,000
    Correct
    Wrong
  • 4
    Rs. 68,000
    Correct
    Wrong
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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?

1993 0

  • 1
    Rs. 72
    Correct
    Wrong
  • 2
    Rs. 368
    Correct
    Wrong
  • 3
    Rs. 92
    Correct
    Wrong
  • 4
    Rs. 455
    Correct
    Wrong
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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

1950 1

  • 1
    Rs.5440
    Correct
    Wrong
  • 2
    Rs.5400
    Correct
    Wrong
  • 3
    Rs.5600
    Correct
    Wrong
  • 4
    Rs.5800
    Correct
    Wrong
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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.

1946 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1800
    Correct
    Wrong
  • 4
    Rs. 2000
    Correct
    Wrong
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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 : 1876 1

  • 1
    0.1%
    Correct
    Wrong
  • 2
    0.2%
    Correct
    Wrong
  • 3
    0.3%
    Correct
    Wrong
  • 4
    0.4%
    Correct
    Wrong
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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 -

1869 0

  • 1
    ₹ 40,000
    Correct
    Wrong
  • 2
    ₹ 50,000
    Correct
    Wrong
  • 3
    ₹ 1,00,000
    Correct
    Wrong
  • 4
    ₹ Nil
    Correct
    Wrong
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Answer : 4. "₹ Nil "

Q:

Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum? 

1858 0

  • 1
    12
    Correct
    Wrong
  • 2
    13
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    19
    Correct
    Wrong
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Answer : 2. "13 "

Q:

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:   

1840 0

  • 1
    Rs.90,000
    Correct
    Wrong
  • 2
    Rs.96,000
    Correct
    Wrong
  • 3
    Rs.88,000
    Correct
    Wrong
  • 4
    Rs.1,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs.96,000"

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