Simple Interest Practice Question and Answer
8 Q: If an amount doubles automatically in 8 years, then what is the interest rate?
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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 on a certain sum of the money at 4 % per annum for 4 years is Rs.80 more than the interest on the same sum for 3 years at 5 % per annum. Find the sum.
1112 060b7104784a0c27500555fc3
60b7104784a0c27500555fc3- 1Rs. 6,000false
- 2Rs. 8000true
- 3Rs. 10000false
- 4Rs. 12000false
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Answer : 2. "Rs. 8000"
Q: 2 years, a sum was put at SI at a certain rate. If the rate was 3 % higher, it would have fetched 300 more. What will be the sum?
1110 05f0d4818fce67160728ddd81
5f0d4818fce67160728ddd81- 12500false
- 24484false
- 35000true
- 44800false
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Answer : 3. "5000 "
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
1107 0602259583fb46f5722f78d80
602259583fb46f5722f78d80- 1Rs. 3,400false
- 2Rs. 3,600true
- 3Rs. 3,200false
- 4Rs. 3,000false
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Answer : 2. "Rs. 3,600"
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
1106 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: 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
1105 0600aa116bc7633585f48a611
600aa116bc7633585f48a611- 1₹ 500false
- 2₹ 200false
- 3₹ 250false
- 4₹ 100true
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Answer : 4. "₹ 100 "
Q: In a certain time, the ratio of a certain principle and interest obtained from it are in the ratio 10 : 3 at 10 % interest per annum. The number of years for which the money was invested is?
1067 05f0d47be9b26c36beb2fd731
5f0d47be9b26c36beb2fd731- 15 yearsfalse
- 27 yearsfalse
- 31 yearsfalse
- 43 yearstrue
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Answer : 4. "3 years "
Q: An amount doubles itself in 5 years simple interest. What is the rate of interest per year?
1066 060b70eb8b8943672abc1d445
60b70eb8b8943672abc1d445- 120%true
- 235 %false
- 325 %false
- 4Cannot be determinedfalse
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