Simple Interest Practice Question and Answer

Q:

A sum of Rs. 400 becomes Rs. 448 at simple interest in 2 years. In how many years, will the sum of Rs. 550 amounts to Rs. 682 at the same rate?

1450 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "4 "

Q:

A person lends 40 % of his sum of money at 15 % per annum, 50 % of rest at 10 % per annum and the rest at 18 % per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum? 

1446 0

  • 1
    14.4 %
    Correct
    Wrong
  • 2
    13.33 %
    Correct
    Wrong
  • 3
    13.4 %
    Correct
    Wrong
  • 4
    14.33 %
    Correct
    Wrong
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Answer : 1. "14.4 % "

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?

1437 0

  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 525
    Correct
    Wrong
  • 3
    Rs. 425
    Correct
    Wrong
  • 4
    Rs. 525
    Correct
    Wrong
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Answer : 1. "Rs. 400 "

Q:

A sum of ₹ 7, 930 is divided into 3 parts and given at loan at 5 % simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of 

1419 0

  • 1
    ₹ 2,800
    Correct
    Wrong
  • 2
    ₹ 3,050
    Correct
    Wrong
  • 3
    ₹ 2,750
    Correct
    Wrong
  • 4
    ₹ 2,760
    Correct
    Wrong
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Answer : 4. "₹ 2,760 "

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?  

1413 0

  • 1
    8:21
    Correct
    Wrong
  • 2
    21:5
    Correct
    Wrong
  • 3
    5:21
    Correct
    Wrong
  • 4
    21:8
    Correct
    Wrong
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Answer : 1. "8:21 "

Q:

The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is 

1406 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    8 %
    Correct
    Wrong
  • 4
    9 %
    Correct
    Wrong
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Answer : 1. "10 % "

Q:

The simple interest of 7 years of money is Rs. 1750. If the rate of interest was 2% more per annum, how much interest would have been higher?

1393 0

  • 1
    Rs. 35
    Correct
    Wrong
  • 2
    Rs. 245
    Correct
    Wrong
  • 3
    Rs. 350
    Correct
    Wrong
  • 4
    Cannot determined
    Correct
    Wrong
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Answer : 4. "Cannot determined"

Q:

A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.

1383 0

  • 1
    2000
    Correct
    Wrong
  • 2
    2100
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
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Answer : 1. "2000 "

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