Simple Interest Practice Question and Answer

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

999 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 ?

993 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:

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?

988 0

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

Q:

At what rate per cent per annum will a sum of money double in 8 years?

988 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    13.5%
    Correct
    Wrong
  • 3
    11.5%
    Correct
    Wrong
  • 4
    14.5%
    Correct
    Wrong
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Answer : 1. "12.5%"

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

988 0

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

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

981 0

  • 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:

In what time will ₹ 72 become ₹ 81 at $$6{1\over4}$$ % per annum simple interest?

954 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "2 years"
Explanation :

Q:

What is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in $$1{1\over 2}$$years?

937 0

  • 1
    $$2{2\over 3}\%$$
    Correct
    Wrong
  • 2
    $$2{1\over 4}\%$$
    Correct
    Wrong
  • 3
    $$2{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$2{1\over 3}\%$$
    Correct
    Wrong
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Answer : 3. "$$2{1\over 2}\%$$"

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