Simple Interest Practice Question and Answer
8 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?
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- 26000false
- 34000true
- 44500false
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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?
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63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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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
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5f0d473e9b26c36beb2fd666- 1₹ 5000, ₹ 5000false
- 2₹ 5500 , ₹ 4500false
- 3₹ 4000 , ₹ 6000true
- 4₹ 4500, ₹ 5500false
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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
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5ef153568022cc4acbbe17ac- 1₹ 450false
- 2₹ 550false
- 3₹ 750false
- 4₹ 600true
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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?
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5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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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?
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6548d87fddecc634f37a8c79- 11500true
- 21835false
- 31935false
- 41950false
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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?
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602df66ba503a25a4b89cf53- 1400true
- 2120false
- 3310false
- 4220false
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Answer : 1. "400"
Q: A sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
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642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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