Simple Interest Practice Question and Answer
8 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.

1506 05ef056958022cc4acbba92eb
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
1499 06058699b4789ef0456dbef00
6058699b4789ef0456dbef00- 1110false
- 2120true
- 3140false
- 4100false
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Answer : 2. "120"
Q: Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?
1494 05e6c8fb58fcee56af205b00b
5e6c8fb58fcee56af205b00b- 1Rs 5750true
- 2Rs 8500false
- 3Rs 5650false
- 4Rs 8250false
- 5None of thesefalse
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Answer : 1. "Rs 5750"
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 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?
1472 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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Answer : 3. "24 years "
Q: A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?
1470 0610c0344a0824f7eeb5c9240
610c0344a0824f7eeb5c9240- 1Rs.8946false
- 2Rs. 8740false
- 3Rs. 8520true
- 4Rs.8800false
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Answer : 3. "Rs. 8520"
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?
1461 05f87f636b7ad805e26c7b573
5f87f636b7ad805e26c7b573- 1Rs. 675false
- 2Rs. 700false
- 3Rs. 276false
- 4Rs. 650true
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Answer : 4. "Rs. 650"
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
1452 15f0c44786d4355600943e8c7
5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
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Answer : 1. "₹ 225 "
Explanation :


