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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60376e53cd43d04a8f4b7ae5- 14800false
- 26000false
- 34000true
- 44500false
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Answer : 3. "4000"
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
1040 05ef153568022cc4acbbe17ac
5ef153568022cc4acbbe17ac- 1₹ 450false
- 2₹ 550false
- 3₹ 750false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: Rs. 2,000 is invested at 10% p.a. on simple interest. If that interest is added to the principal after every 20 years, the amount will become Rs. 14,000 after
1031 05fd874de6c22b74b3a9ee9d4
5fd874de6c22b74b3a9ee9d4- 115 yearsfalse
- 2$$ {{33}{1\over 3}}$$ yearstrue
- 3$$ {{16}{2\over 3}}$$ yearsfalse
- 440 yearsfalse
- 5None of thesefalse
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Answer : 2. "$$ {{33}{1\over 3}}$$ years "
Q: A person invests money in three different schemes 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 investment is
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6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false
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Answer : 1. "6: 3: 2 "
Q: A sum of money lent at simple interest amounts to ₹ 880 in 2 years and to ₹ 920 in 3 years. The sum of money (in rupees) is
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624d63766dc29f5ccd0ea9d9- 1784false
- 2800true
- 3700false
- 4760false
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Answer : 2. "800"
Explanation :

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
1023 05f0d473e9b26c36beb2fd666
5f0d473e9b26c36beb2fd666- 1₹ 5000, ₹ 5000false
- 2₹ 5500 , ₹ 4500false
- 3₹ 4000 , ₹ 6000true
- 4₹ 4500, ₹ 5500false
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Answer : 3. "₹ 4000 , ₹ 6000 "
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?
1018 05f76c8e6e487e60dced902dc
5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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Answer : 3. "20 years"
Q: Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?
1016 0602df66ba503a25a4b89cf53
602df66ba503a25a4b89cf53- 1400true
- 2120false
- 3310false
- 4220false
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