Simple Interest Practice Question and Answer
8 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:
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649e789746047484bc7daf92- 112%false
- 28%true
- 310%false
- 45%false
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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)?
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64be676823047f4c71dc9c42- 1₹ 14,470true
- 2₹ 15,125false
- 3₹ 14,360false
- 4₹ 13,460false
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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?
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643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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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?
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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: What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?
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6218ed9b3e501f3ab0a886cb- 15000false
- 27500true
- 310000false
- 415000false
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Answer : 2. "7500"
Q: At what rate of simple interest will a sum of money double in 8 years?
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630ded7b4e3bf85cbe748c56- 116%false
- 214%false
- 312.5%true
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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 063d29736484e510dd07155fe
63d29736484e510dd07155fe- 1Rs. 3100true
- 2Rs.3000false
- 3Rs.2800false
- 4Rs. 3200false
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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-
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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 :


