Simple Interest Practice Question and Answer
8 Q: A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is:
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6481860c23e51f477708d12b- 1₹6,655false
- 2₹3,744false
- 3₹6,864true
- 4₹3,975false
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Answer : 3. "₹6,864"
Q: If a sum of Rs. 12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is
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62fb6009047feb07925d7cd5- 11545true
- 21550false
- 31505false
- 41505false
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Answer : 1. "1545"
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: In what time will the annual simple interest rate at $$ {6{1\over4}{\%}}$$ , 72 rupees becomes 81 rupees?
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5f8014474e4f797ddbd7c4de- 12 yeartrue
- 22 year 6 monthfalse
- 33 yearfalse
- 4None of thesefalse
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Answer : 1. " 2 year"
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-
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654238654a7ba1cb6049b040- 1700false
- 26500false
- 34000false
- 41500true
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Answer : 4. "1500"
Explanation :

Q: A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?
1414 0648723eee8d2170cb3a23c6b
648723eee8d2170cb3a23c6b- 121 yearsfalse
- 225 yearsfalse
- 328 yearstrue
- 423 yearsfalse
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Answer : 3. "28 years"
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 ₹) -
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62ff7acffef7996822ddfa7c- 1₹16667.00true
- 2₹15003.00false
- 3₹18000.00false
- 4None of the abovefalse
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Answer : 1. "₹16667.00"
Q: The simple interest on an amount at the rate of 7 percent for five years is Rs 700. So how much is the principal?
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5fa91b5b4e71ba46b02a64b7- 11800false
- 21600false
- 32000true
- 42100false
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