Simple Interest Practice Question and Answer

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?

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  • 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. "$$2{1\over 2}\%$$"

Q:

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

749 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 "

Q:

At what rate of simple interest will a sum of money double in 8 years?

743 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%"

Q:

In 5 years, the simple interest on an amount of Rs. X is $$2\over 5$$ of the principal. The rate of interest per annum is:

731 0

  • 1
    12%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "8%"

Q:

Manoj deposited ₹ 29400 for 6 years at a simple interest. He got ₹ 4200 as interest after 6 years. The annual rate of interest was-

714 0

  • 1
    $$2{8\over21}$$
    Correct
    Wrong
  • 2
    $$2{7\over20}$$
    Correct
    Wrong
  • 3
    $$3{8\over21}$$
    Correct
    Wrong
  • 4
    $$4{8\over21}$$
    Correct
    Wrong
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Answer : 1. "$$2{8\over21}$$"
Explanation :

Q:

There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 15,000 after 3 years at the same rate of interest?

702 0

  • 1
    Rs. 4,565
    Correct
    Wrong
  • 2
    Rs. 5,000
    Correct
    Wrong
  • 3
    Rs. 4,550
    Correct
    Wrong
  • 4
    Rs. 4,695
    Correct
    Wrong
  • 5
    Rs. 4,965
    Correct
    Wrong
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Answer : 5. "Rs. 4,965"

Q:

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

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  • 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 will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years and for 15 years respectively?

687 0

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

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