Simple Interest Practice Question and Answer

Q:

The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)

1509 0

  • 1
    $$ 5{1\over 3}\% $$
    Correct
    Wrong
  • 2
    $$ 3{1\over 3}\% $$
    Correct
    Wrong
  • 3
    $$ 1{1\over 3}\% $$
    Correct
    Wrong
  • 4
    $$ 2{1\over 3}\% $$
    Correct
    Wrong
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Answer : 3. " $$ 1{1\over 3}\% $$"

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?

1490 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:

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. 

1488 0

  • 1
    25%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 3. "10% "

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Answer : 2. "500"

Q:

The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is 

1468 0

  • 1
    ₹ 5000
    Correct
    Wrong
  • 2
    ₹35500
    Correct
    Wrong
  • 3
    ₹ 7300
    Correct
    Wrong
  • 4
    ₹3650
    Correct
    Wrong
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Answer : 3. "₹ 7300 "

Q:

Any money at the rate of simple interest becomes Rs 1143 in 3 years and Rs 1305 in 5 years Find the rate of principal and interest.

1462 0

  • 1
    960 and 5 %
    Correct
    Wrong
  • 2
    900 and 9%
    Correct
    Wrong
  • 3
    850 and 8 %
    Correct
    Wrong
  • 4
    800 and 4 %
    Correct
    Wrong
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Answer : 2. "900 and 9%"

Q:

A certain sum of Rs.4200 becomes Rs5523 at 11% p.a simple interest in a certain time. What is the simple interest on the sum of Rs. 4800 at the same rate and in same time period?

1456 0

  • 1
    1346
    Correct
    Wrong
  • 2
    1512
    Correct
    Wrong
  • 3
    1506
    Correct
    Wrong
  • 4
    1495
    Correct
    Wrong
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Answer : 2. "1512 "

Q:

A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?

1454 0

  • 1
    4 Years
    Correct
    Wrong
  • 2
    3 Years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    2½ Years
    Correct
    Wrong
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Answer : 2. "3 Years"

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