Simple Interest Practice Question and Answer

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?

915 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    2000
    Correct
    Wrong
  • 4
    2100
    Correct
    Wrong
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Answer : 3. "2000"

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?

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  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 7,500
    Correct
    Wrong
  • 3
    Rs. 2,500
    Correct
    Wrong
  • 4
    Rs. 8,000
    Correct
    Wrong
  • 5
    Rs. 6,000
    Correct
    Wrong
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Answer : 4. "Rs. 8,000"

Q:

The simple interest on a certain sum at 15% per annum for 5 year is Rs1500 more to the simple interest on the same at 12% per annum for the same period. Find the sum-

901 0

  • 1
    Rs 12000
    Correct
    Wrong
  • 2
    Rs 12500
    Correct
    Wrong
  • 3
    Rs 8000
    Correct
    Wrong
  • 4
    Rs 10000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Rs 10000"

Q:

What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ? 

894 0

  • 1
    6000
    Correct
    Wrong
  • 2
    5000
    Correct
    Wrong
  • 3
    6300
    Correct
    Wrong
  • 4
    6500
    Correct
    Wrong
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Answer : 1. "6000 "
Explanation :

Q:

A sum of money at simple interest amounts to ₹ 1,012 in $$2{1\over2}\%$$ years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:

886 0

  • 1
    4%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
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Answer : 1. "4% "
Explanation :

Q:

A sum of money becomes Rs 16000 in 6 years at the rate of 25% per annum simple interest. What is the total interest for 6 years?

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  • 1
    Rs. 9600
    Correct
    Wrong
  • 2
    Rs. 6000
    Correct
    Wrong
  • 3
    Rs. 8400
    Correct
    Wrong
  • 4
    Rs. 9000
    Correct
    Wrong
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Answer : 1. "Rs. 9600 "

Q:

₹ 1,000 is invested at 5% per annum simple interest. If the interest is added to the Aprincipal after every 10 years, the amount will become 2,000 after

882 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

Q:

In how much time will a sum of Rs. 12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest?

873 0

  • 1
    10 years
    Correct
    Wrong
  • 2
    7.5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    12.5 years
    Correct
    Wrong
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Answer : 2. "7.5 years"

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