Simple Interest Practice Question and Answer
8 Q: A man invested Rs.25000 on simple interest at R% p.a. If interest received by man is three twentieth of the principal after three years, then find ‘R’?
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Answer : 1. "5%"
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)
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64953da1187426e0496a835f- 1
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Answer : 3. " "
Q: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
1069 05dca5d75f7c0852c4475bc09
5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
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Answer : 3. "₹ 7300 "
Q: A person invested some amount at the rate of 12 % simple interest and a certain amount at the rate of 10 % simple interest for 1 year. He received yearly interest of Rs. ₹ 130, but if he had interchanged the amount invested, he would have received 4 more as interest. How much did he invest at 12 % simple interest?
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5f0d84bf9b26c36beb30d55c- 1800false
- 2500true
- 3700false
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Answer : 2. "500"
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.
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5f0d81c76d4355600947fbae- 125%false
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Answer : 3. "10% "
Q: What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
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5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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Answer : 1. "₹ 250 "
Q: In what time will the annual simple interest rate at , 72 rupees becomes 81 rupees?
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5f8014474e4f797ddbd7c4de- 12 yeartrue
- 22 year 6 monthfalse
- 33 yearfalse
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Answer : 1. " 2 year"
Q: A sum of money lent out at simple interest amounts to ₹720 after 2 years and 1020 after a further period of 5 years. Find the principal.
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5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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