Simple Interest Questions Practice Question and Answer

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 – 

1746 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:

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9 % p. a. for the next five years and 13 % p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is ₹8,160, the money borrowed by him ( in ₹ ) was -  

1733 0

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

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1732 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:

What is the simple interest when Rs. 13000 get the interest Rs. 6,370 in the year?

1696 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    14 %
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 3. "14 %"

Q: At what rate percent per annum will the simple interest on a sum of money be of the principal amount in 10 years? 1657 0

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

Q:

Megha invests an amount of Rs. 15,860 in the names of her three daughters A, B and C in such a way that they get the same interest after 2, 3 and 4 years respectively. If the rate of simple interest is 5 % p.a, then the ratio of the amounts invested among A, B and C will be – 

1651 0

  • 1
    6 : 7 : 8
    Correct
    Wrong
  • 2
    6 : 5 : 4
    Correct
    Wrong
  • 3
    5 : 10 : 12
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 4. ""

Q:

If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, z we have – 

1603 0

  • 1
    Correct
    Wrong
  • 2
    xyz = 1
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 4. ""

Q:

The simple interest accrued on an amount of Rs. 8500 at the end of four years is Rs.3400. What would be the compound interest accrued on the same amount at the same rate of interest after three years?

1589 0

  • 1
    ₹ 2560.25
    Correct
    Wrong
  • 2
    ₹ 2813.5
    Correct
    Wrong
  • 3
    ₹ 2740
    Correct
    Wrong
  • 4
    ₹ 2944
    Correct
    Wrong
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Answer : 2. "₹ 2813.5 "

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