Simple Interest Questions Practice Question and Answer
8 Q: Simple interest on a certain sum is equal to the sum itself. find the time if rate of interest and time are numerically equal.
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5eb9466343b27164c8e423ba- 15false
- 28false
- 310true
- 41false
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Answer : 3. "10"
Q: In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?
1703 16548d95399dc28caf0402d5e
6548d95399dc28caf0402d5e- 14 yearsfalse
- 23 yearstrue
- 35 yearsfalse
- 46 yearsfalse
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Answer : 2. "3 years"
Explanation :

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?
1689 05ebbcd71beb61d2288e2af07
5ebbcd71beb61d2288e2af07- 1₹ 2560.25false
- 2₹ 2813.5true
- 3₹ 2740false
- 4₹ 2944false
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Answer : 2. "₹ 2813.5 "
Q: A person borrows some money for 5 years and the ratio of the loan amount: total interest amount is 5 : 2. Then find the ratio of the loan amount: interest rate is equal to
1686 05f0c4758cec10557a8dbbc96
5f0c4758cec10557a8dbbc96- 15 : 2false
- 225 : 2true
- 32 : 25false
- 42 : 1false
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Answer : 2. "25 : 2"
Q: Ram deposited a certain sum of money in a company at 12 % per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15 % per annum simple interest. If the difference in the interest from two sources is ₹ 1350 than the sum deposited in each case is
1678 05dca56b588990a4b0e803191
5dca56b588990a4b0e803191- 1₹ 3000false
- 2₹4000false
- 3₹ 6500false
- 4₹ 5000true
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Answer : 4. "₹ 5000"
Q: A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?
1673 062f369be55c5be58410dbcc0
62f369be55c5be58410dbcc0- 120 %false
- 218 %false
- 325 %true
- 415 %false
- 512 %false
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Answer : 3. "25 %"
Q: A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal?
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5f0d75aafce67160728ea9a2- 1700false
- 2720true
- 3820false
- 4780false
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Answer : 2. "720"
Q: The simple interest on an amount of 2,800 at the end of 3 years is Rs 420. What will be the simple interest at Rs 3200 for the same rate and for the same period?
1657 05f1aa8c48ae6514e222d1dd8
5f1aa8c48ae6514e222d1dd8- 1Rs .480true
- 2Rs. 560false
- 3Rs. 440false
- 4Rs. 640false
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