Simple Interest Practice Question and Answer

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 

1508 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:

Find the simple interest on a principal of Rs.1250 at the rate of 5% for a time of 219 days.

1494 0

  • 1
    32.5
    Correct
    Wrong
  • 2
    44.5
    Correct
    Wrong
  • 3
    37.5
    Correct
    Wrong
  • 4
    36.5
    Correct
    Wrong
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Answer : 3. "37.5"

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.

1480 0

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

Q:

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1478 0

  • 1
    ₹ 484
    Correct
    Wrong
  • 2
    ₹ 560
    Correct
    Wrong
  • 3
    ₹ 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 512 "

Q:

After 4 years, the difference between principal and simple interest is Rs. 228 at the rate of 6 percent simple interest, so what is the amount of principal?

1473 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 400
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

Q:

A takes a loan of Rs. 1500 from a bank at the rate of 10% simple interest for 3 years and lends to B at the rate of 15% for the same time period. Find the overall profit of A in the whole transaction.

1447 0

  • 1
    Rs. 375
    Correct
    Wrong
  • 2
    Rs. 275
    Correct
    Wrong
  • 3
    Rs. 225
    Correct
    Wrong
  • 4
    Rs. 325
    Correct
    Wrong
  • 5
    Rs. 250
    Correct
    Wrong
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Answer : 3. "Rs. 225"

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? 

1445 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:

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’?

1442 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%"

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