Simple Interest Practice Question and Answer
8 Q: If the difference of interest of two banks of Rs 500 is Rs 2.50, find the difference between their rates.
1558 05fe1b9ffce32c8585c7382d9
5fe1b9ffce32c8585c7382d9- 10.35 %false
- 20.25 %true
- 30.45 %false
- 40.55 %false
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Answer : 2. "0.25 %"
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.
1555 060b7104784a0c27500555fc3
60b7104784a0c27500555fc3- 1Rs. 6,000false
- 2Rs. 8000true
- 3Rs. 10000false
- 4Rs. 12000false
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Answer : 2. "Rs. 8000"
Q: An amount doubles itself in 5 years simple interest. What is the rate of interest per year?
1537 060b70eb8b8943672abc1d445
60b70eb8b8943672abc1d445- 120%true
- 235 %false
- 325 %false
- 4Cannot be determinedfalse
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Answer : 1. "20%"
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-
1533 15fc476194f2f6c622bfdae4d
5fc476194f2f6c622bfdae4d- 16 : 3 : 2false
- 22 : 3 :4true
- 33 : 4 : 6false
- 43 : 4 :2false
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Answer : 2. "2 : 3 :4"
Q: What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
1525 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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Answer : 1. "₹ 250 "
Q: Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :
1516 0608292a360a06a7ffdaaf57c
608292a360a06a7ffdaaf57c- 12.5%false
- 25%false
- 37.5%false
- 410%true
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Answer : 4. "10%"
Q: A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?
1507 063d0c6d10d9e560db8e9f83c
63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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Answer : 3. "25 %"
Q: A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-
1503 160f7d50aef8c4b405cab1ac4
60f7d50aef8c4b405cab1ac4- 1Rs.9000false
- 2Rs.9600true
- 3Rs.7200false
- 4Rs.8400false
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