Simple Interest Practice Question and Answer
8 Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
1006 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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Answer : 4. "6.09%"
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?
1006 06548d7b141ff7f5484036df7
6548d7b141ff7f5484036df7- 17 yearsfalse
- 23 yearsfalse
- 35 yearstrue
- 44 yearsfalse
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Answer : 3. "5 years "
Explanation :

Q: If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
1002 06401de1e35d86258ecd2aba4
6401de1e35d86258ecd2aba4- 120 yearstrue
- 230 yearsfalse
- 310 yearsfalse
- 422 yearsfalse
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Answer : 1. "20 years "
Q: A certain sum (in Rs.) is invested at simple interest at x% p.a. for 5 years. Had it been invested at (x+5)% p.a, the simple interest would have been Rs.9,200 more than the earlier one. What is the sum?
998 06051c468a37d522d6c151713
6051c468a37d522d6c151713- 1Rs. 36,800true
- 2Rs. 36,400false
- 3Rs. 35,800false
- 4Rs.40,000false
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Answer : 1. "Rs. 36,800"
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?
987 0606afbc26a85553684da0eae
606afbc26a85553684da0eae- 1690true
- 2115false
- 3151false
- 4960false
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Answer : 1. "690"
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?
978 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: A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.
977 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: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?
976 063bd5b308f5b1f774c45fb63
63bd5b308f5b1f774c45fb63- 1Rs. 8000true
- 2Rs. 8500false
- 3Rs. 7500false
- 4Rs. 9000false
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