Simple Interest Questions Practice Question and Answer

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? 

2313 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:   

2290 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"

Q:

Ramesh deposited ₹ 15600 in a fixed deposit at the rate of 10 % per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of fourth year is 

2273 0

  • 1
    ₹ 3744
    Correct
    Wrong
  • 2
    ₹ 1872
    Correct
    Wrong
  • 3
    ₹ 1716
    Correct
    Wrong
  • 4
    ₹ 1560
    Correct
    Wrong
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Answer : 1. "₹ 3744 "

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 2271 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be – 

2250 0

  • 1
    ₹ 10,000
    Correct
    Wrong
  • 2
    ₹ 12,000
    Correct
    Wrong
  • 3
    ₹ 8,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
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Answer : 3. "₹ 8,000 "

Q:

The simple interest accrued on an amount of Rs 16500 at the end of 3 years is Rs. 4950. What would be the compound interest accrued on the same amount at the same rate in the same period? 

2243 0

  • 1
    Rs. 5462.9
    Correct
    Wrong
  • 2
    Rs. 5461.5
    Correct
    Wrong
  • 3
    Rs. 5641.2
    Correct
    Wrong
  • 4
    Rs. 5621.3
    Correct
    Wrong
  • 5
    Rs. 5162 4
    Correct
    Wrong
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Answer : 2. "Rs. 5461.5 "

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 2236 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q:

In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?

2216 1

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