Simple Interest Questions Practice Question and Answer

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 

2072 0

  • 1
    ₹ 6840
    Correct
    Wrong
  • 2
    ₹ 7200
    Correct
    Wrong
  • 3
    ₹ 6400
    Correct
    Wrong
  • 4
    ₹ 6472
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹ 7200"

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:   

2066 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
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs.96,000"

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: 2055 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$5{5\over9}\%$$"

  • Show AnswerHide Answer
  • Workspace

Answer : 5. "2 "

Q:

The simple interest on a sum of money is 4 / 9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is 

2040 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    $$ 6{2\over 3}\% $$
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    $$ 8{2\over 3}\% $$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "$$ 6{2\over 3}\% $$"

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 2035 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "25%"

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? 

2033 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
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 5461.5 "

Q:

₹ 26100 is divided between Ram and Shyam so that the interest that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4 % per annum then Ram's share is 

2003 0

  • 1
    ₹ 8,700
    Correct
    Wrong
  • 2
    ₹ 19,000
    Correct
    Wrong
  • 3
    ₹ 8,500
    Correct
    Wrong
  • 4
    ₹ 17,400
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 17,400 "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully