Simple Interest Practice Question and Answer

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:

925 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:

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

923 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:

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?

912 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"

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?

902 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:

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

894 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:

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

890 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:

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

888 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:

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

855 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. "$$2{8\over21}$$"
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