Simple Interest Practice Question and Answer
8 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
1213 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: If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be
1212 05f0d5f106d43556009477bdf
5f0d5f106d43556009477bdf- 112%true
- 26 %false
- 310 %false
- 48 %false
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Answer : 1. "12% "
Q: A person invests money in three different schemes for 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 investments is-
1201 15fc476194f2f6c622bfdae4d
5fc476194f2f6c622bfdae4d- 16 : 3 : 2false
- 22 : 3 :4true
- 33 : 4 : 6false
- 43 : 4 :2false
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Answer : 2. "2 : 3 :4"
Q: If an amount doubles automatically in 8 years, then what is the interest rate?
1185 05fb39b2b75c7de676fb32579
5fb39b2b75c7de676fb32579- 1$$ {12{1\over 2}}\%$$true
- 2$$ {15{1\over 2}}\%$$false
- 35 %false
- 4$$ {5{1\over 2}}\%$$false
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Answer : 1. "$$ {12{1\over 2}}\%$$"
Q: The simple interest and the true discount on a certain sum for a given period and at a given rate are 25 and 20 respectively. The sum is
1185 0600aa116bc7633585f48a611
600aa116bc7633585f48a611- 1₹ 500false
- 2₹ 200false
- 3₹ 250false
- 4₹ 100true
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Answer : 4. "₹ 100 "
Q: A sum of money at simple interest amount to Rs.4800 in 3 years and Rs.5600 in the 5 years. The sum is
1177 0602259583fb46f5722f78d80
602259583fb46f5722f78d80- 1Rs. 3,400false
- 2Rs. 3,600true
- 3Rs. 3,200false
- 4Rs. 3,000false
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Answer : 2. "Rs. 3,600"
Q: An amount doubles itself in 5 years simple interest. What is the rate of interest per year?
1168 060b70eb8b8943672abc1d445
60b70eb8b8943672abc1d445- 120%true
- 235 %false
- 325 %false
- 4Cannot be determinedfalse
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Answer : 1. "20%"
Q: The difference between the compound interest and simple interest of a certain sum of amount is rupees 256.40 for 4 years at 10% rate per annum. Find the sum of money?
1157 060376e53cd43d04a8f4b7ae5
60376e53cd43d04a8f4b7ae5- 14800false
- 26000false
- 34000true
- 44500false
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