Simple Interest Practice Question and Answer

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?

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  • 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:

Ms. Deksha borrow Rs. 575 at 5 % per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

941 0

  • 1
    690
    Correct
    Wrong
  • 2
    115
    Correct
    Wrong
  • 3
    151
    Correct
    Wrong
  • 4
    960
    Correct
    Wrong
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Answer : 1. "690"

Q:

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

938 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:

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after 

937 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    30 years
    Correct
    Wrong
  • 3
    10 years
    Correct
    Wrong
  • 4
    22 years
    Correct
    Wrong
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Answer : 1. "20 years "

Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is: 

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  • 1
    6.06%
    Correct
    Wrong
  • 2
    6.07%
    Correct
    Wrong
  • 3
    6.08%
    Correct
    Wrong
  • 4
    6.09%
    Correct
    Wrong
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Answer : 4. "6.09%"

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Answer : 1. "Rs. 8000 "

Q:

A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.

920 0

  • 1
    $$38{2\over 9} \% $$
    Correct
    Wrong
  • 2
    $$33{1\over 3} \% $$
    Correct
    Wrong
  • 3
    $$27{1\over 9} \% $$
    Correct
    Wrong
  • 4
    $$22{2\over 9} \% $$
    Correct
    Wrong
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Answer : 4. "$$22{2\over 9} \% $$"

Q:

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

915 0

  • 1
    700
    Correct
    Wrong
  • 2
    6500
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
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Answer : 4. "1500"
Explanation :

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