Simple Interest Practice Question and Answer

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

1181 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    $$ {{33}{1\over 3}}$$ years
    Correct
    Wrong
  • 3
    $$ {{16}{2\over 3}}$$ years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "$$ {{33}{1\over 3}}$$ years "

Q:

In a certain time, the ratio of a certain principle and interest obtained from it are in the ratio 10 : 3 at 10 % interest per annum. The number of years for which the money was invested is? 

1179 0

  • 1
    5 years
    Correct
    Wrong
  • 2
    7 years
    Correct
    Wrong
  • 3
    1 years
    Correct
    Wrong
  • 4
    3 years
    Correct
    Wrong
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Answer : 4. "3 years "

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-

1175 1

  • 1
    Rs.9000
    Correct
    Wrong
  • 2
    Rs.9600
    Correct
    Wrong
  • 3
    Rs.7200
    Correct
    Wrong
  • 4
    Rs.8400
    Correct
    Wrong
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Answer : 2. "Rs.9600"

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

1174 0

  • 1
    784
    Correct
    Wrong
  • 2
    800
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    760
    Correct
    Wrong
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Answer : 2. "800"
Explanation :

Q:

The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-

1172 0

  • 1
    200
    Correct
    Wrong
  • 2
    225
    Correct
    Wrong
  • 3
    175
    Correct
    Wrong
  • 4
    300
    Correct
    Wrong
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Answer : 1. "200 "
Explanation :

Q:

In what time will the simple interest be $$ {2\over5} $$ of the principal at 8% per annum? 

1172 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    7 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
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Answer : 3. "5 years "

Q:

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?

1169 0

  • 1
    7 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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Answer : 3. "5 years "
Explanation :

Q:

A property fetches a net annual income of ₹1000 deducting all outgoings. The capitalized value of the property for the rate of interest 6% will be (in ₹) -

1152 0

  • 1
    ₹16667.00
    Correct
    Wrong
  • 2
    ₹15003.00
    Correct
    Wrong
  • 3
    ₹18000.00
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 1. "₹16667.00"

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