Simple Interest Practice Question and Answer

Q:

What would be the simple interest obtained on amount of Rs.6,535 at the rate of 10% Percent per annum after 6 years?

1849 0

  • 1
    3,414
    Correct
    Wrong
  • 2
    3,807
    Correct
    Wrong
  • 3
    3,149
    Correct
    Wrong
  • 4
    3,921
    Correct
    Wrong
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Answer : 4. "3,921"

Q:

A sum of ₹ 800 amounts to ₹ 920 in 3 years at the simple interest rate. If the rate is increased by 3 % p.a., what will be the sum amount to in the same period? 

1846 0

  • 1
    ₹ 942
    Correct
    Wrong
  • 2
    ₹ 982
    Correct
    Wrong
  • 3
    ₹ 992
    Correct
    Wrong
  • 4
    ₹ 962
    Correct
    Wrong
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Answer : 3. "₹ 992"

Q:

The difference between C.I and S.I for 2 years is Rs. 9. Find the sum (in Rs.) if the rate is 15% per annum.

1834 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
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Answer : 1. "400"

Q:

A sum of money becomes 3 times in 12 years. In how many years it will become 5 times at the same rate of simple interest?

1830 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    16 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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Answer : 3. "24 years "

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 

1828 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:

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? 

1819 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:

A man invested Rs.25000 on simple interest at R% p.a. If interest received by man is three twentieth of the principal after three years, then find ‘R’?

1807 0

  • 1
    5%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
  • 5
    8%
    Correct
    Wrong
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Answer : 1. "5%"

Q:

The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)

1789 0

  • 1
    $$ 5{1\over 3}\% $$
    Correct
    Wrong
  • 2
    $$ 3{1\over 3}\% $$
    Correct
    Wrong
  • 3
    $$ 1{1\over 3}\% $$
    Correct
    Wrong
  • 4
    $$ 2{1\over 3}\% $$
    Correct
    Wrong
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Answer : 3. " $$ 1{1\over 3}\% $$"

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