Simple Interest Practice Question and Answer

Q:

Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum? 

1986 0

  • 1
    12
    Correct
    Wrong
  • 2
    13
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    19
    Correct
    Wrong
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Answer : 2. "13 "

Q:

A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was 

1955 0

  • 1
    ₹ 6840
    Correct
    Wrong
  • 2
    ₹ 7200
    Correct
    Wrong
  • 3
    ₹ 6400
    Correct
    Wrong
  • 4
    ₹ 6472
    Correct
    Wrong
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Answer : 2. "₹ 7200"

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1954 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q:

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:   

1943 0

  • 1
    Rs.90,000
    Correct
    Wrong
  • 2
    Rs.96,000
    Correct
    Wrong
  • 3
    Rs.88,000
    Correct
    Wrong
  • 4
    Rs.1,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs.96,000"

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Answer : 5. "2 "

Q:

Ramesh deposited ₹ 15600 in a fixed deposit at the rate of 10 % per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of fourth year is 

1935 0

  • 1
    ₹ 3744
    Correct
    Wrong
  • 2
    ₹ 1872
    Correct
    Wrong
  • 3
    ₹ 1716
    Correct
    Wrong
  • 4
    ₹ 1560
    Correct
    Wrong
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Answer : 1. "₹ 3744 "

Q:

The simple interest on a sum of money is 4 / 9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is 

1932 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    $$ 6{2\over 3}\% $$
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    $$ 8{2\over 3}\% $$
    Correct
    Wrong
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Answer : 2. "$$ 6{2\over 3}\% $$"

Q:

The simple interest accrued on an amount of Rs 16500 at the end of 3 years is Rs. 4950. What would be the compound interest accrued on the same amount at the same rate in the same period? 

1917 0

  • 1
    Rs. 5462.9
    Correct
    Wrong
  • 2
    Rs. 5461.5
    Correct
    Wrong
  • 3
    Rs. 5641.2
    Correct
    Wrong
  • 4
    Rs. 5621.3
    Correct
    Wrong
  • 5
    Rs. 5162 4
    Correct
    Wrong
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Answer : 2. "Rs. 5461.5 "

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