Simple Interest Practice Question and Answer

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

2316 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

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: 2294 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:

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? 

2287 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 "

Q:

Two equal sum were lent out at 7% and 5% S.I respectively. The interest earned on the two loans add up to ₹960 for 4 years. The total sum lent out is 

2243 0

  • 1
    ₹ 3500
    Correct
    Wrong
  • 2
    ₹ 2500
    Correct
    Wrong
  • 3
    ₹ 2000
    Correct
    Wrong
  • 4
    ₹ 3000
    Correct
    Wrong
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Answer : 3. "₹ 2000 "

Q:

Megha invests an amount of Rs. 15,860 in the names of her three daughters A, B and C in such a way that they get the same interest after 2, 3 and 4 years respectively. If the rate of simple interest is 5 % p.a, then the ratio of the amounts invested among A, B and C will be – 

2242 0

  • 1
    6 : 7 : 8
    Correct
    Wrong
  • 2
    6 : 5 : 4
    Correct
    Wrong
  • 3
    5 : 10 : 12
    Correct
    Wrong
  • 4
    $${1\over 10}:{1\over 15}:{1\over 20}$$
    Correct
    Wrong
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Answer : 4. "$${1\over 10}:{1\over 15}:{1\over 20}$$"

Q:

What is the simple interest when Rs. 13000 get the interest Rs. 6,370 in the $$ {3{1\over 2}}$$ year?

2237 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    14 %
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 3. "14 %"

Q:

A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?

2216 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
  • 5
    12 %
    Correct
    Wrong
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Answer : 3. "25 %"

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 

2214 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. "$$ 6{2\over 3}\% $$"

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