Simple Interest Practice Question and Answer
8 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?
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610c072a997056628331105c- 19true
- 26false
- 38false
- 412false
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Answer : 1. "9"
Q: At what annual percentage rate, 10 years of simple interest on an amount will be $$ {2\over 5}$$ of the addition?
1641 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: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
1634 05dca5d75f7c0852c4475bc09
5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
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Answer : 3. "₹ 7300 "
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.:
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5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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Answer : 3. "21 "
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
1612 06401de99cbcfaac053030577
6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false
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Answer : 1. "6: 3: 2 "
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
1609 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 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?
1605 05fa91c953c64cb3fb8e8b1f6
5fa91c953c64cb3fb8e8b1f6- 15760false
- 26620true
- 33310false
- 42880false
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Answer : 2. "6620"
Q: What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?
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6548d87fddecc634f37a8c79- 11500true
- 21835false
- 31935false
- 41950false
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Answer : 1. "1500 "
Explanation :


