Simple Interest Practice Question and Answer
8 Q: A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?
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6116217a56340c20700ac41d- 14 Yearsfalse
- 23 Yearstrue
- 35 yearsfalse
- 42½ Yearsfalse
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Answer : 2. "3 Years"
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
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5fd34d45956cb668fbde8b19- 1Rs. 2.50false
- 2Rs. 3true
- 3Rs. 3.75false
- 4Rs. 4false
- 5None of thesefalse
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Answer : 2. "Rs. 3"
Q: At what simple rate of interest a sum is double in 8 years?
1349 160f9328516158a5eedaec179
60f9328516158a5eedaec179- 111.0 %false
- 212.5 %true
- 312 %false
- 413.5 %false
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Answer : 2. "12.5 %"
Q: A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.:
1341 05e86d358e378b64bed5ba96f
5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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Answer : 3. "21 "
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?
1336 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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Answer : 1. "₹ 250 "
Q: Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :
1333 0608292a360a06a7ffdaaf57c
608292a360a06a7ffdaaf57c- 12.5%false
- 25%false
- 37.5%false
- 410%true
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Answer : 4. "10%"
Q: A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is
1325 05ec5f6e2980ff60a66c35c84
5ec5f6e2980ff60a66c35c84- 1$$ 5{1\over2}$$false
- 28%false
- 37%true
- 46%false
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Answer : 3. "7% "
Q: A principal increase by 50 percent in five years at the rate of simple interest. What will be the compound interest for 3 years at Rs 20,000 with the same interest rate?
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5fa91c953c64cb3fb8e8b1f6- 15760false
- 26620true
- 33310false
- 42880false
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