Simple Interest Questions Practice Question and Answer
8 Q: Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was
1987 05f0c4c729b26c36beb2cccb3
5f0c4c729b26c36beb2cccb3- 1₹ 2000true
- 2₹ 3000false
- 3₹ 500false
- 4₹ 1000false
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Answer : 1. "₹ 2000 "
Q: An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?
1972 05f632c3a3366f3388365fe45
5f632c3a3366f3388365fe45- 120%true
- 235 %false
- 325 %false
- 4None of thesefalse
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Answer : 1. "20%"
Q: A person invested Rs 28000 at the rate of 8% per annum simple interest and Rs 26000 at the rate of 10% per annum compounded Interest compounded annually. What is the difference in the interest earned from two investments at the end of 3 years?
1971 05e8ffaee61b7c13fb890034b
5e8ffaee61b7c13fb890034b- 1Rs 3310false
- 2Rs 2418false
- 3Rs 1886true
- 4Rs 1284false
- 5Rs 960false
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Answer : 3. "Rs 1886 "
Q: The simple interest for four years is one fourth of the principal. At the same rate, which amount become Rs.450 total amount in 2 years?
1964 05f9be3223dfc3659c6979e00
5f9be3223dfc3659c6979e00- 1Rs. 400true
- 2Rs. 525false
- 3Rs. 425false
- 4Rs. 525false
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Answer : 1. "Rs. 400 "
Q: The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is -
1964 05db034e8eb701b4db6e86ca7
5db034e8eb701b4db6e86ca7- 10.1 %false
- 20.2 %false
- 30.3 %true
- 40.4 %false
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Answer : 3. "0.3 % "
Q: The simple interest on a certain sum of money at the rate of 5 % per annum for 8 years is ₹ 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is?
1963 05d9dac3ae215617fef75f6d1
5d9dac3ae215617fef75f6d1- 17%false
- 28%true
- 39%false
- 410%false
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Answer : 2. "8%"
Explanation :
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Q: What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?
1921 064a5449fdc607a4d2b2861b8
64a5449fdc607a4d2b2861b8- 18:21true
- 221:5false
- 35:21false
- 421:8false
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Answer : 1. "8:21 "
Q: A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid 720 as an interest. Find the amount borrowed by him.
1921 05f06ffde3f7f07047796b3a8
5f06ffde3f7f07047796b3a8- 1₹ 920false
- 2₹ 1620false
- 3₹ 900true
- 4₹ 960false
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