Simple Interest Practice Question and Answer

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’?

1378 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:

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? 

1373 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:

At the rate of 8 % simple annual interest, if an amount becomes Rs. 819 in 3 years and 3 months, then what was the original amount?

1371 0

  • 1
    Rs. 675
    Correct
    Wrong
  • 2
    Rs. 700
    Correct
    Wrong
  • 3
    Rs. 276
    Correct
    Wrong
  • 4
    Rs. 650
    Correct
    Wrong
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Answer : 4. "Rs. 650"

Q:

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

1370 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 become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?

1357 0

  • 1
    Rs.8946
    Correct
    Wrong
  • 2
    Rs. 8740
    Correct
    Wrong
  • 3
    Rs. 8520
    Correct
    Wrong
  • 4
    Rs.8800
    Correct
    Wrong
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Answer : 3. "Rs. 8520"

Q:

A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\%  $$ per annum simple interest for 2 years. His gain in this transaction is 

1352 1

  • 1
    ₹ 225
    Correct
    Wrong
  • 2
    ₹ 150
    Correct
    Wrong
  • 3
    ₹ 112.50
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 225 "
Explanation :

Q:

A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?

1336 0

  • 1
    9
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    8
    Correct
    Wrong
  • 4
    12
    Correct
    Wrong
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Answer : 1. "9"

Q:

A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was 

1330 0

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

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