Simple Interest Practice Question and Answer

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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  • 1
    ₹ 1740
    Correct
    Wrong
  • 2
    ₹ 120
    Correct
    Wrong
  • 3
    ₹ 6000
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

Q:

A sum of ₹ 10,000 is lent partly at 8 % and remaining at 10% per annum. If the yearly interest on the average is 9.2 %, the two parts are 

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  • 1
    ₹ 5000, ₹ 5000
    Correct
    Wrong
  • 2
    ₹ 5500 , ₹ 4500
    Correct
    Wrong
  • 3
    ₹ 4000 , ₹ 6000
    Correct
    Wrong
  • 4
    ₹ 4500, ₹ 5500
    Correct
    Wrong
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Answer : 3. "₹ 4000 , ₹ 6000 "

Q:

If the difference between CI and SI for 3 years at the rate of 10% is Rs 31. Find the principle.

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  • 1
    ₹ 1,000
    Correct
    Wrong
  • 2
    ₹ 1,500
    Correct
    Wrong
  • 3
    ₹2,000
    Correct
    Wrong
  • 4
    ₹ 800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "₹ 1,000 "

Q:

The simple interest on an amount at the rate of 13.5 p.c.p.a. for 10 years is Rs. 765.45. What is the sum?

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  • 1
    Rs. 567
    Correct
    Wrong
  • 2
    Rs. 885.95
    Correct
    Wrong
  • 3
    Rs. 5670
    Correct
    Wrong
  • 4
    Can't be determined
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 567 "

Q:

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?

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  • 1
    7 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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Answer : 3. "5 years "
Explanation :

Q:

The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-

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  • 1
    200
    Correct
    Wrong
  • 2
    225
    Correct
    Wrong
  • 3
    175
    Correct
    Wrong
  • 4
    300
    Correct
    Wrong
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Answer : 1. "200 "
Explanation :

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 

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  • 1
    $$ 5{1\over2}$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7% "

Q:

₹ 500 was invested at 12 % per annum simple interest and another certain sum of money invested at 10 % per annum simple interest . If the total interest on both the sum after 4 years is 480, the latter sum of money is

1560 0

  • 1
    ₹ 450
    Correct
    Wrong
  • 2
    ₹ 550
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

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