Simple Interest Practice Question and Answer
8 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 05df1f57dfb64ec452cb5ef9f
5df1f57dfb64ec452cb5ef9f- 112false
- 213true
- 315false
- 419false
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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 05f0d469bfce67160728dd82a
5f0d469bfce67160728dd82a- 1₹ 6840false
- 2₹ 7200true
- 3₹ 6400false
- 4₹ 6472false
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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 15cfdf50598d53c6bd3f9d354
5cfdf50598d53c6bd3f9d354- 1$$5{5\over9}\%$$true
- 2$$6{5\over9}\%$$false
- 318%false
- 425%false
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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 05e8431eece19223edbcf9fe7
5e8431eece19223edbcf9fe7- 1Rs.90,000false
- 2Rs.96,000true
- 3Rs.88,000false
- 4Rs.1,00,000false
- 5None of thesefalse
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Answer : 2. "Rs.96,000"
Q:Direction: Bar graph given below shows number of pens and pencils sold by five different shops. Read the data carefully and answer the questions.

A man invested Rs. 9600 in two equal parts on SI for T years and (T + 2) years at the rates of 12.5% p.a and 16% p.a respectively. If the man got a total interest of Rs. 4272, then find the value of T.
1935 061c341e3e343c027677ccada
61c341e3e343c027677ccada
- 11false
- 23false
- 31.5false
- 42.5false
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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 05f043991d3626553adad5fd0
5f043991d3626553adad5fd0- 1₹ 3744true
- 2₹ 1872false
- 3₹ 1716false
- 4₹ 1560false
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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 05dfca8da54723673b3fedd00
5dfca8da54723673b3fedd00- 15 %false
- 2$$ 6{2\over 3}\% $$true
- 36 %false
- 4$$ 8{2\over 3}\% $$false
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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 05ea6d57c8127c42fd38d914c
5ea6d57c8127c42fd38d914c- 1Rs. 5462.9false
- 2Rs. 5461.5true
- 3Rs. 5641.2false
- 4Rs. 5621.3false
- 5Rs. 5162 4false
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