Simple Interest Practice Question and Answer
8 Q: In what time will ₹8000, at 3% per annum, produce the same interest as ₹6000 does in 5 years at 4% simple interest is?
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6410540956c45fd8d3ac4305- 15 yearstrue
- 26 yearsfalse
- 33 yearsfalse
- 44 yearsfalse
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Answer : 1. "5 years"
Q: A man had ₹ 16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 in one year, the money lent at 4% per annum was
541 065423e4ef7eb27e554afc282
65423e4ef7eb27e554afc282- 1₹12,000false
- 2₹ 8,000false
- 3₹ 10,000true
- 4₹ 6,000false
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Answer : 3. "₹ 10,000 "
Explanation :
Q: The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-
534 065423d12c298bbcb028932f3
65423d12c298bbcb028932f3- 1₹ 123true
- 2₹ 103false
- 3₹ 200false
- 4₹ 223false
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Answer : 1. "₹ 123 "
Explanation :
Q: The amount ₹2,100 became ₹ 2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest?
524 0641054a856c45fd8d3ac4931
641054a856c45fd8d3ac4931- 1₹210true
- 2₹220false
- 3₹942false
- 4₹242false
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Answer : 1. "₹210"
Q: Atm of ₹2.400. amounts to ₹3,264 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to-
523 064105386b34a0b67fcdbe702
64105386b34a0b67fcdbe702- 1₹3288false
- 2₹3340false
- 3₹3312false
- 4₹3360true
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Answer : 4. "₹3360"
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?
477 06542399b99dc28caf02b42f2
6542399b99dc28caf02b42f2- 11700false
- 21800false
- 31900false
- 42000true
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Answer : 4. "2000"
Explanation :
Q: A person lends 40% of his sum of money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?
461 065423f9adfda58cb3c9dd49b
65423f9adfda58cb3c9dd49b- 113.4%false
- 214.33%false
- 314.4%true
- 413.33%false
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Answer : 3. "14.4% "
Explanation :
Q: A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is
440 065423f1cae39fbcb144f75f5
65423f1cae39fbcb144f75f5- 110%true
- 25%false
- 315%false
- 420%false
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