Simple Interest Practice Question and Answer

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? 

1712 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:

What is the difference between the interest of Ram and Shyam in the given picture if Ram's money is on simple interest and Shyam's money is on compound interest.

1696 0

  • 1
    735.905
    Correct
    Wrong
  • 2
    745.904
    Correct
    Wrong
  • 3
    735.904
    Correct
    Wrong
  • 4
    740.905
    Correct
    Wrong
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Answer : 2. "745.904"

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’?

1694 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 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 

1691 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? 

1690 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 sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1674 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:

Simple interest on an amount is Rs. 24 and true discount on the same is Rs. 20. The principal amount is

1672 0

  • 1
    110
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 2. "120"

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?

1669 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 "

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