Simple Interest Practice Question and Answer
8 Q: A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.
1779 05ec71dd4eaf6d54c81d84edc
5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "2000 "
Q: If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum.
1777 05f0d81c76d4355600947fbae
5f0d81c76d4355600947fbae- 125%false
- 215%false
- 310%true
- 420%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "10% "
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 %?
1772 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "₹ 512 "
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
1771 05dd63277c2282c484e4b5ee6
5dd63277c2282c484e4b5ee6- 14 %false
- 25 %true
- 32 %false
- 43 %false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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
1762 15f0c44786d4355600943e8c7
5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "₹ 225 "
Explanation :

Q: After 4 years, the difference between principal and simple interest is Rs. 228 at the rate of 6 percent simple interest, so what is the amount of principal?
1742 060373f699d90e74af72ad653
60373f699d90e74af72ad653- 1Rs. 300true
- 2Rs. 400false
- 3Rs. 500false
- 4Rs. 600false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Rs. 300 "
Q: A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?
1731 06116217a56340c20700ac41d
6116217a56340c20700ac41d- 14 Yearsfalse
- 23 Yearstrue
- 35 yearsfalse
- 42½ Yearsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "3 Years"
Q: A sum of ₹ 7, 930 is divided into 3 parts and given at loan at 5 % simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of
1727 05dca57bbf7c0852c4475b500
5dca57bbf7c0852c4475b500- 1₹ 2,800false
- 2₹ 3,050false
- 3₹ 2,750false
- 4₹ 2,760true
- Show AnswerHide Answer
- Workspace
- SingleChoice

