Simple Interest Practice Question and Answer
8 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
650 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-
643 065423d12c298bbcb028932f3
65423d12c298bbcb028932f3- 1₹ 123true
- 2₹ 103false
- 3₹ 200false
- 4₹ 223false
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Answer : 1. "₹ 123 "
Explanation :

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-
709 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: A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\% $$ per annum simple interest for 2 years. His gain in this transaction is
1287 15f0c44786d4355600943e8c7
5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
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Answer : 1. "₹ 225 "
Explanation :

Q: In what time will ₹ 72 become ₹ 81 at $$6{1\over4}$$ % per annum simple interest?
699 065423a82dfda58cb3c9dc6f8
65423a82dfda58cb3c9dc6f8- 12 yearstrue
- 23 yearsfalse
- 32 years 6 monthsfalse
- 4None of thesefalse
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Answer : 1. "2 years"
Explanation :

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?
602 06542399b99dc28caf02b42f2
6542399b99dc28caf02b42f2- 11700false
- 21800false
- 31900false
- 42000true
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Answer : 4. "2000"
Explanation :

Q: A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-
913 0654238654a7ba1cb6049b040
654238654a7ba1cb6049b040- 1700false
- 26500false
- 34000false
- 41500true
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Answer : 4. "1500"
Explanation :

Q: The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?
911 064e761763be218b6cdc81426
64e761763be218b6cdc81426- 1Rs. 5,000false
- 2Rs. 7,500false
- 3Rs. 2,500false
- 4Rs. 8,000true
- 5Rs. 6,000false
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