Simple Interest Practice Question and Answer

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?

1224 0

  • 1
    4800
    Correct
    Wrong
  • 2
    6000
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    4500
    Correct
    Wrong
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Answer : 3. "4000"

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?

1220 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "25 %"

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 

1218 0

  • 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:

₹ 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

1215 0

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

Q:

A sum of money at double the rate of simple interest doubles itself in 10 years. In how much time will that amount be triple of itself?

1201 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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Answer : 3. "20 years"

Q:

What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?

1195 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1835
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1950
    Correct
    Wrong
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Answer : 1. "1500 "
Explanation :

Q:

Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?

1191 0

  • 1
    400
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    310
    Correct
    Wrong
  • 4
    220
    Correct
    Wrong
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Answer : 1. "400"

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Answer : 4. "1 : 8"

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