Simple Interest Practice Question and Answer
8 Q: Aryan invested ₹ 5200 at 4 %, 6 % and 8 % per annum simple interest. At the end of the year, he got the same interest in all the three cases, find the money invested at 4%.
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6142c25b56320f13fbcafe78- 1₹ 2800false
- 2₹ 3000false
- 3₹ 2500false
- 4₹ 2400true
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Answer : 4. "₹ 2400 "
Q: A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?
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5ef18c3f7fed557ba2ab1ea8- 120%false
- 225 %false
- 330 %true
- 4false
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Answer : 3. "30 %"
Q: A took a certain sum as loan from bank at a rate of 8 % Simple Interest per annum. A lends the same amount to B at 12 % Simple interest per annum. If at the end of the five years. A made profit of Rs 800 form the deal, how much was the original sum?
2397 05ea6d11d5657c22f7803c0fc
5ea6d11d5657c22f7803c0fc- 1Rs. 6500false
- 2Rs. 4000true
- 3Rs. 6200false
- 4Rs. 6000false
- 5Rs. 4500false
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Answer : 2. "Rs. 4000 "
Q: Mr. Khanna took a loan of Rs 10,000 on simple interest for two years at the rate 3% per annum. The total amount that he will be paying as interest in 2 year is 3% of his monthly salary. What his monthly salary?
2344 05d4a9a6c11160f2052371025
5d4a9a6c11160f2052371025- 1Rs 30,000false
- 2Rs 16,000false
- 3Rs 20,000true
- 4Rs 12,000false
- 5None of thesefalse
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Answer : 3. "Rs 20,000"
Explanation :
3% of SI=PRT/100
10,000*3*2/100= 3 of x
then x =20,000
Q: A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
2263 05f5aface69ed13038c19e82a
5f5aface69ed13038c19e82a- 1Rs.39,800false
- 2Rs.39,900true
- 3Rs.39,950false
- 4Rs.39,990false
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Answer : 2. "Rs.39,900"
Q: Kirti invested a sum of money at a certain rate of simple interest per annum for 3 years in "Bachat scheme". Had she invested the same sum in "Shiksha scheme" for 3 years which has a 2% higher simple interest rate per annum, the investment would have fetched ₹540 more. How much did Kirti invest?
2238 06422557132185cce37079548
6422557132185cce37079548- 1₹ 9,500false
- 2₹ 9,000true
- 3₹ 7,000false
- 4₹ 8,000false
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Answer : 2. "₹ 9,000"
Q: A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?
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5ecf3ffe9eaf5347ec78f3d6- 115false
- 232true
- 327false
- 430false
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Answer : 2. "32"
Q: ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years?
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5ddce6fe874e270a9a38f790- 1₹ 1020.80false
- 2₹ 1025false
- 3₹ 1052true
- 4₹ 1050false
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