Simple Interest Practice Question and Answer
8 Q: The simple interest on a sum of money is $$8\over 25$$ of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annum is
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5f0d5a17cec10557a8df1489- 16%false
- 28%true
- 35%false
- 44%false
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Answer : 2. "8%"
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
1077 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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Answer : 4. "6.09%"
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?
1077 064e761763be218b6cdc81426
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: 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?
1069 06548d7b141ff7f5484036df7
6548d7b141ff7f5484036df7- 17 yearsfalse
- 23 yearsfalse
- 35 yearstrue
- 44 yearsfalse
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Answer : 3. "5 years "
Explanation :

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-
1048 0654238654a7ba1cb6049b040
654238654a7ba1cb6049b040- 1700false
- 26500false
- 34000false
- 41500true
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Answer : 4. "1500"
Explanation :

Q:Answer the following questions
Anshul borrowed Rs.24800 from Deepak at 8% p.a. simple interest for 4 years. He then added some more money to the borrowed sum and lent it to Rajeev for the same period at 10% p.a. If Anshul gains Rs. 5184 in the whole transaction, how much money did he add from his side?
1042 063bd5b308f5b1f774c45fb63
63bd5b308f5b1f774c45fb63- 1Rs. 8000true
- 2Rs. 8500false
- 3Rs. 7500false
- 4Rs. 9000false
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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.
1039 064b50596e154aff53372df18
64b50596e154aff53372df18- 1$$38{2\over 9} \% $$false
- 2$$33{1\over 3} \% $$false
- 3$$27{1\over 9} \% $$false
- 4$$22{2\over 9} \% $$true
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Answer : 4. "$$22{2\over 9} \% $$"
Q: What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ?
1035 0624d6f68badeb679cf090ce1
624d6f68badeb679cf090ce1- 16000true
- 25000false
- 36300false
- 46500false
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Answer : 1. "6000 "
Explanation :


