Simple Interest Practice Question and Answer
8 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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Answer : 4. "₹ 600 "
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?
1282 05f0d84bf9b26c36beb30d55c
5f0d84bf9b26c36beb30d55c- 1800false
- 2500true
- 3700false
- 4400false
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Answer : 2. "500"
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.:
1268 05e86d358e378b64bed5ba96f
5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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Answer : 3. "21 "
Q: At what simple rate of interest a sum is double in 8 years?
1267 160f9328516158a5eedaec179
60f9328516158a5eedaec179- 111.0 %false
- 212.5 %true
- 312 %false
- 413.5 %false
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Answer : 2. "12.5 %"
Q: A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?
1265 06116217a56340c20700ac41d
6116217a56340c20700ac41d- 14 Yearsfalse
- 23 Yearstrue
- 35 yearsfalse
- 42½ Yearsfalse
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Answer : 2. "3 Years"
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?
1265 0602e408f6d461f66398818d3
602e408f6d461f66398818d3- 11346false
- 21512true
- 31506false
- 41495false
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Answer : 2. "1512 "
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
1261 05ec5f6e2980ff60a66c35c84
5ec5f6e2980ff60a66c35c84- 1$$ 5{1\over2}$$false
- 28%false
- 37%true
- 46%false
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Answer : 3. "7% "
Q: In what time will the annual simple interest rate at $$ {6{1\over4}{\%}}$$ , 72 rupees becomes 81 rupees?
1238 05f8014474e4f797ddbd7c4de
5f8014474e4f797ddbd7c4de- 12 yeartrue
- 22 year 6 monthfalse
- 33 yearfalse
- 4None of thesefalse
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