Simple Interest Practice Question and Answer
8 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?
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5f0d4a9acec10557a8deb2cc- 1₹ 942false
- 2₹ 982false
- 3₹ 992true
- 4₹ 962false
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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.

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5ef056958022cc4acbba92eb- 1735.905false
- 2745.904true
- 3735.904false
- 4740.905false
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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 062e0fcd555271b350333ad52
62e0fcd555271b350333ad52- 15%true
- 24%false
- 36%false
- 43%false
- 58%false
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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
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5dd634a4db51363c0239468e- 110 %true
- 26 %false
- 38 %false
- 49 %false
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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 05f0c48cd9b26c36beb2cc5d0
5f0c48cd9b26c36beb2cc5d0- 114.4 %true
- 213.33 %false
- 313.4 %false
- 414.33 %false
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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 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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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
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6058699b4789ef0456dbef00- 1110false
- 2120true
- 3140false
- 4100false
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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 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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