Simple Interest Practice Question and Answer

Q:

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

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  • 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 doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

1050 0

  • 1
    21 years
    Correct
    Wrong
  • 2
    25 years
    Correct
    Wrong
  • 3
    28 years
    Correct
    Wrong
  • 4
    23 years
    Correct
    Wrong
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Answer : 3. "28 years"

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:

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:

1041 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:

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-

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  • 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:

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

1010 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:

Mahesh invests a sum of money which becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. How much had he invested?

1005 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1500
    Correct
    Wrong
  • 4
    2800
    Correct
    Wrong
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Answer : 2. "1200"

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