Simple Interest Practice Question and Answer
8 Q: The simple interest on a certain sum at 15% per annum for 5 year is Rs1500 more to the simple interest on the same at 12% per annum for the same period. Find the sum-
1235 062c6a3a451fe3472d68fbcb4
62c6a3a451fe3472d68fbcb4- 1Rs 12000false
- 2Rs 12500false
- 3Rs 8000false
- 4Rs 10000true
- 5None of thesefalse
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Answer : 4. "Rs 10000"
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 ?
1221 063bd5b8e3d35cd0deed5d39a
63bd5b8e3d35cd0deed5d39a- 1Rs.13100false
- 2Rs.11200false
- 3Rs. 12100false
- 4Rs.11100true
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Answer : 4. "Rs.11100 "
Q: On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.
1169 063d29736484e510dd07155fe
63d29736484e510dd07155fe- 1Rs. 3100true
- 2Rs.3000false
- 3Rs.2800false
- 4Rs. 3200false
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Answer : 1. "Rs. 3100 "
Q: Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?
1164 06542399b99dc28caf02b42f2
6542399b99dc28caf02b42f2- 11700false
- 21800false
- 31900false
- 42000true
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Answer : 4. "2000"
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?
1150 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: At what rate of simple interest will a sum of money double in 8 years?
1134 0630ded7b4e3bf85cbe748c56
630ded7b4e3bf85cbe748c56- 116%false
- 214%false
- 312.5%true
- 48%false
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Answer : 3. "12.5%"
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)?
1134 064be676823047f4c71dc9c42
64be676823047f4c71dc9c42- 1₹ 14,470true
- 2₹ 15,125false
- 3₹ 14,360false
- 4₹ 13,460false
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Answer : 1. "₹ 14,470"
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-
1119 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 :


