Simple Interest Practice Question and Answer

Q:

What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?

674 0

  • 1
    5000
    Correct
    Wrong
  • 2
    7500
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    15000
    Correct
    Wrong
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Answer : 2. "7500"

Q:

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

671 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 certain sum amounts to ₹15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in years at 10% p.a., if the interest is compounded half yearly (nearest to ₹1)?

661 0

  • 1
    ₹ 14,470
    Correct
    Wrong
  • 2
    ₹ 15,125
    Correct
    Wrong
  • 3
    ₹ 14,360
    Correct
    Wrong
  • 4
    ₹ 13,460
    Correct
    Wrong
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Answer : 1. "₹ 14,470"

Q:

On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.

658 0

  • 1
    Rs. 3100
    Correct
    Wrong
  • 2
    Rs.3000
    Correct
    Wrong
  • 3
    Rs.2800
    Correct
    Wrong
  • 4
    Rs. 3200
    Correct
    Wrong
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Answer : 1. "Rs. 3100 "

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Answer : 3. "Rs. 20160"

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-

653 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:

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?

643 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 of simple interest will a sum of money double in 8 years?

629 0

  • 1
    16%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    12.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "12.5%"

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