Simple Interest Practice Question and Answer
8 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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64805956a33e0f47b7719e6b- 1$$2{2\over 3}\%$$false
- 2$$2{1\over 4}\%$$false
- 3$$2{1\over 2}\%$$true
- 4$$2{1\over 3}\%$$false
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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 063d29736484e510dd07155fe
63d29736484e510dd07155fe- 1Rs. 3100true
- 2Rs.3000false
- 3Rs.2800false
- 4Rs. 3200false
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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 0630ded7b4e3bf85cbe748c56
630ded7b4e3bf85cbe748c56- 116%false
- 214%false
- 312.5%true
- 48%false
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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 0649e789746047484bc7daf92
649e789746047484bc7daf92- 112%false
- 28%true
- 310%false
- 45%false
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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 065423c754a7ba1cb6049bb4a
65423c754a7ba1cb6049bb4a- 1$$2{8\over21}$$true
- 2$$2{7\over20}$$false
- 3$$3{8\over21}$$false
- 4$$4{8\over21}$$false
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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 064dc7b34d4a4292bfff35744
64dc7b34d4a4292bfff35744- 1Rs. 4,565false
- 2Rs. 5,000false
- 3Rs. 4,550false
- 4Rs. 4,695false
- 5Rs. 4,965true
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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?
700 065423a82dfda58cb3c9dc6f8
65423a82dfda58cb3c9dc6f8- 12 yearstrue
- 23 yearsfalse
- 32 years 6 monthsfalse
- 4None of thesefalse
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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 0643d19d12d621da11696d0e1
643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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