Simple Interest Practice Question and Answer
8 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.
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5fe1b9a092210049c5b0cc4a- 1960 and 5 %false
- 2900 and 9%true
- 3850 and 8 %false
- 4800 and 4 %false
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Answer : 2. "900 and 9%"
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
1494 05fd34d45956cb668fbde8b19
5fd34d45956cb668fbde8b19- 1Rs. 2.50false
- 2Rs. 3true
- 3Rs. 3.75false
- 4Rs. 4false
- 5None of thesefalse
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Answer : 2. "Rs. 3"
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.
1488 05f0d59c8cec10557a8df13f9
5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate for 2 years is ₹170. The rate of interest is
1486 05f0d5d41fce67160728e40c7
5f0d5d41fce67160728e40c7- 1$$7{9\over 17}\%$$false
- 2$$29{1\over 6}\%$$false
- 3$$12{1\over 2}\%$$true
- 4$$5{5\over 17}\%$$false
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Answer : 3. "$$12{1\over 2}\%$$"
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.:
1478 05e86d358e378b64bed5ba96f
5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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Answer : 3. "21 "
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?
1478 05fa91c953c64cb3fb8e8b1f6
5fa91c953c64cb3fb8e8b1f6- 15760false
- 26620true
- 33310false
- 42880false
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Answer : 2. "6620"
Q: At what annual percentage rate, 10 years of simple interest on an amount will be $$ {2\over 5}$$ of the addition?
1471 0602df6b4a503a25a4b89cf7c
602df6b4a503a25a4b89cf7c- 14 %false
- 26 %false
- 3$$ {5{2\over3}{\%}}$$false
- 4$$ {6{2\over3}{\%}}$$true
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Answer : 4. "$$ {6{2\over3}{\%}}$$"
Q: A person invests money in three different schemes 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is
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6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false
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