Simple Interest Questions Practice Question and Answer
8Q: At what rate percent per annum will the simple interest on a sum of money be $${2\over 5}$$ of the principal amount in 10 years? 2083 05cfdff59bc9a366f2932575a
5cfdff59bc9a366f2932575a- 14%true
- 26%false
- 3$$5{2\over3}\%$$false
- 4$$6{2\over3}\%$$false
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Answer : 1. "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?
2068 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
2065 05f0c4758cec10557a8dbbc96
5f0c4758cec10557a8dbbc96- 15 : 2false
- 225 : 2true
- 32 : 25false
- 42 : 1false
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Answer : 2. "25 : 2"
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?
2061 05f0d75aafce67160728ea9a2
5f0d75aafce67160728ea9a2- 1700false
- 2720true
- 3820false
- 4780false
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Answer : 2. "720"
Q: If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?
2020 05ee9aeeebc81cb2528ec1e14
5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
Q: Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
2008 05f2cfa36b57ade01caff3a35
5f2cfa36b57ade01caff3a35- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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Answer : 3. "Rs 4600"
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.
2006 05eb9466343b27164c8e423ba
5eb9466343b27164c8e423ba- 15false
- 28false
- 310true
- 41false
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Answer : 3. "10"
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 –
1967 05dd635117780ee35515b10b5
5dd635117780ee35515b10b5- 1$$x^2=xy$$false
- 2xyz = 1false
- 3$$x^2=xy$$false
- 4$$y^2=zx$$true
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