Simple Interest Practice Question and Answer

Q:

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after 

760 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    30 years
    Correct
    Wrong
  • 3
    10 years
    Correct
    Wrong
  • 4
    22 years
    Correct
    Wrong
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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

755 0

  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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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 0

  • 1
    Rs.13100
    Correct
    Wrong
  • 2
    Rs.11200
    Correct
    Wrong
  • 3
    Rs. 12100
    Correct
    Wrong
  • 4
    Rs.11100
    Correct
    Wrong
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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 0

  • 1
    1545
    Correct
    Wrong
  • 2
    1550
    Correct
    Wrong
  • 3
    1505
    Correct
    Wrong
  • 4
    1505
    Correct
    Wrong
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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 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:

₹ 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 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:

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 0

  • 1
    ₹6,655
    Correct
    Wrong
  • 2
    ₹3,744
    Correct
    Wrong
  • 3
    ₹6,864
    Correct
    Wrong
  • 4
    ₹3,975
    Correct
    Wrong
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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 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"

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