Simple Interest Practice Question and Answer

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 

1768 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:

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 

1768 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:

Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be – 

1746 0

  • 1
    ₹ 10,000
    Correct
    Wrong
  • 2
    ₹ 12,000
    Correct
    Wrong
  • 3
    ₹ 8,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
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Answer : 3. "₹ 8,000 "

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1732 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9 % p. a. for the next five years and 13 % p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is ₹8,160, the money borrowed by him ( in ₹ ) was -  

1731 0

  • 1
    12,000
    Correct
    Wrong
  • 2
    6,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
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Answer : 3. "8,000 "

Q:

What is the simple interest when Rs. 13000 get the interest Rs. 6,370 in the year?

1696 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: At what rate percent per annum will the simple interest on a sum of money be of the principal amount in 10 years? 1657 0

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

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 – 

1650 0

  • 1
    6 : 7 : 8
    Correct
    Wrong
  • 2
    6 : 5 : 4
    Correct
    Wrong
  • 3
    5 : 10 : 12
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 4. ""

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