Simple Interest Practice Question and Answer

Q:

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

1160 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:

In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?

1146 1

  • 1
    4 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
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Answer : 2. "3 years"
Explanation :

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

1133 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

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 

1127 0

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

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.

1116 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? 

1105 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 person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at per annum simple interest for 2 years. His gain in this transaction is 

1105 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:

Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :

1100 0

  • 1
    2.5%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    7.5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. "10%"

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