Simple Interest Practice Question and Answer
8 Q: In what time will the simple interest be $$ {2\over5} $$ of the principal at 8% per annum?
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5ec5f681977d8b0224abe9eb- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years "
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
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602259583fb46f5722f78d80- 1Rs. 3,400false
- 2Rs. 3,600true
- 3Rs. 3,200false
- 4Rs. 3,000false
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Answer : 2. "Rs. 3,600"
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: The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?
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64e761763be218b6cdc81426- 1Rs. 5,000false
- 2Rs. 7,500false
- 3Rs. 2,500false
- 4Rs. 8,000true
- 5Rs. 6,000false
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Answer : 4. "Rs. 8,000"
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: 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?
1459 05f76c8e6e487e60dced902dc
5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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Answer : 3. "20 years"
Q: If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be
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5f0d5f106d43556009477bdf- 112%true
- 26 %false
- 310 %false
- 48 %false
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Answer : 1. "12% "
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
1445 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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