Simple Interest Practice Question and Answer
8Q: In what time will the simple interest be $${2\over 5}$$ of the principle at 8 percent per annum ? 1509 05cfe008bbc9a366f2932575f
5cfe008bbc9a366f2932575f- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years"
Q: An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?
1503 05f632c3a3366f3388365fe45
5f632c3a3366f3388365fe45- 120%true
- 235 %false
- 325 %false
- 4None of thesefalse
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Answer : 1. "20%"
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?
1495 05f9be3223dfc3659c6979e00
5f9be3223dfc3659c6979e00- 1Rs. 400true
- 2Rs. 525false
- 3Rs. 425false
- 4Rs. 525false
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Answer : 1. "Rs. 400 "
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?
1488 064a5449fdc607a4d2b2861b8
64a5449fdc607a4d2b2861b8- 18:21true
- 221:5false
- 35:21false
- 421:8false
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Answer : 1. "8:21 "
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
1466 05dca57bbf7c0852c4475b500
5dca57bbf7c0852c4475b500- 1₹ 2,800false
- 2₹ 3,050false
- 3₹ 2,750false
- 4₹ 2,760true
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Answer : 4. "₹ 2,760 "
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
1458 05dd634a4db51363c0239468e
5dd634a4db51363c0239468e- 110 %true
- 26 %false
- 38 %false
- 49 %false
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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?
1453 05f8013e60a69ab3becc7b52f
5f8013e60a69ab3becc7b52f- 1Rs. 35false
- 2Rs. 245false
- 3Rs. 350false
- 4Cannot determinedtrue
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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.
1449 05ec71dd4eaf6d54c81d84edc
5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
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