Simple Interest Questions Practice Question and Answer
8 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 -
2214 05dd6357ac2282c484e4b7dfc
5dd6357ac2282c484e4b7dfc- 112,000false
- 26,000false
- 38,000true
- 410,000false
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Answer : 3. "8,000 "
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?
2211 05ebbcd71beb61d2288e2af07
5ebbcd71beb61d2288e2af07- 1₹ 2560.25false
- 2₹ 2813.5true
- 3₹ 2740false
- 4₹ 2944false
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Answer : 2. "₹ 2813.5 "
Q: 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? 2200 05cfdff59bc9a366f2932575a
5cfdff59bc9a366f2932575a- 14%true
- 26%false
- 3$$5{2\over3}\%$$false
- 4$$6{2\over3}\%$$false
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Answer : 1. "4%"
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?
2185 05ee9aeeebc81cb2528ec1e14
5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
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?
2165 05f0d75aafce67160728ea9a2
5f0d75aafce67160728ea9a2- 1700false
- 2720true
- 3820false
- 4780false
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Answer : 2. "720"
Q: Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
2140 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.
2128 05eb9466343b27164c8e423ba
5eb9466343b27164c8e423ba- 15false
- 28false
- 310true
- 41false
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Answer : 3. "10"
Q: How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.
2109 05f87f9df58d85e164c543e8b
5f87f9df58d85e164c543e8b- 1Rs. 1180false
- 2Rs. 1160true
- 3Rs. 1240false
- 4Rs. 1220false
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