Simple Interest Practice Question and Answer
8 Q: Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?
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5e6c8fb58fcee56af205b00b- 1Rs 5750true
- 2Rs 8500false
- 3Rs 5650false
- 4Rs 8250false
- 5None of thesefalse
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Answer : 1. "Rs 5750"
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: 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: 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?
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5f87f636b7ad805e26c7b573- 1Rs. 675false
- 2Rs. 700false
- 3Rs. 276false
- 4Rs. 650true
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Answer : 4. "Rs. 650"
Q: A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?
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610c0344a0824f7eeb5c9240- 1Rs.8946false
- 2Rs. 8740false
- 3Rs. 8520true
- 4Rs.8800false
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Answer : 3. "Rs. 8520"
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
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5dd63277c2282c484e4b5ee6- 14 %false
- 25 %true
- 32 %false
- 43 %false
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Answer : 2. "5 % "
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
1390 15f0c44786d4355600943e8c7
5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
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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?
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610c072a997056628331105c- 19true
- 26false
- 38false
- 412false
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