Simple Interest Practice Question and Answer
8 Q: If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
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6401de1e35d86258ecd2aba4- 120 yearstrue
- 230 yearsfalse
- 310 yearsfalse
- 422 yearsfalse
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Answer : 1. "20 years "
Q: At some rate of simple interest, A lent ₹ 6,000 to B for 2 years and ₹ 1,500 to C for 4 years and received ₹ 9,00 as interest from both of them together. The rate of interest per annum was
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624d65556dc29f5ccd0eb56e- 18%false
- 210%false
- 35%true
- 46%false
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Answer : 3. "5% "
Explanation :
Q:Answer the following questions
At a simple interest Rs. 3050 becomes Rs. 4026 in four years. If the interest rate was increased by 4% how much would Rs.7500 become in four years ?
742 063bd5b8e3d35cd0deed5d39a
63bd5b8e3d35cd0deed5d39a- 1Rs.13100false
- 2Rs.11200false
- 3Rs. 12100false
- 4Rs.11100true
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Answer : 4. "Rs.11100 "
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
730 062fb6009047feb07925d7cd5
62fb6009047feb07925d7cd5- 11545true
- 21550false
- 31505false
- 41505false
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Answer : 1. "1545"
Q: A sum of money at simple interest amounts to ₹ 1,012 in years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:
714 0624d71d267b2505d7e578227
624d71d267b2505d7e578227- 14%true
- 25%false
- 32.5%false
- 43%false
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Answer : 1. "4% "
Explanation :
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
709 06401defc51b71771391f9dcb
6401defc51b71771391f9dcb- 115 yearsfalse
- 218 yearsfalse
- 320 yearsfalse
- 4None of thesetrue
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Answer : 4. "None of these"
Explanation :
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:
697 06481860c23e51f477708d12b
6481860c23e51f477708d12b- 1₹6,655false
- 2₹3,744false
- 3₹6,864true
- 4₹3,975false
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Answer : 3. "₹6,864"
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?
687 06401dd600fa4111f87190866
6401dd600fa4111f87190866- 1132.50false
- 2135.60false
- 3137.60true
- 4None of thesefalse
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