Simple Interest Practice Question and Answer

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?

1149 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 simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

1138 0

  • 1
    5%
    Correct
    Wrong
  • 2
    6%
    Correct
    Wrong
  • 3
    4%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 2. "6%"

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?

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  • 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"

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:

1134 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:

 If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum? 

1106 0

  • 1
    132.50
    Correct
    Wrong
  • 2
    135.60
    Correct
    Wrong
  • 3
    137.60
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "137.60"

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?

1095 0

  • 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:

A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is

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  • 1
    Rs. 96000
    Correct
    Wrong
  • 2
    Rs. 80000
    Correct
    Wrong
  • 3
    Rs. 48000
    Correct
    Wrong
  • 4
    Rs. 60000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these "

Q:

What would be the simple interest obtained on an amount of `6,535 at the rate of 10 % p.a. (percent per annum) after 6 years?

1082 0

  • 1
    3414
    Correct
    Wrong
  • 2
    3921
    Correct
    Wrong
  • 3
    3807
    Correct
    Wrong
  • 4
    3149
    Correct
    Wrong
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Answer : 2. "3921"

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