Simple Interest Practice Question and Answer
8Q: At what rate percent per annum will the simple interest on a sum of money be $${2\over 5}$$ of the principal amount in 10 years? 1890 05cfdff59bc9a366f2932575a
5cfdff59bc9a366f2932575a- 14%true
- 26%false
- 3$$5{2\over3}\%$$false
- 4$$6{2\over3}\%$$false
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Answer : 1. "4%"
Q: In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?
1867 16548d95399dc28caf0402d5e
6548d95399dc28caf0402d5e- 14 yearsfalse
- 23 yearstrue
- 35 yearsfalse
- 46 yearsfalse
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Answer : 2. "3 years"
Explanation :

Q: If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, z we have –
1829 05dd635117780ee35515b10b5
5dd635117780ee35515b10b5- 1$$x^2=xy$$false
- 2xyz = 1false
- 3$$x^2=xy$$false
- 4$$y^2=zx$$true
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Answer : 4. "$$y^2=zx$$"
Q: Simple interest on a certain sum is equal to the sum itself. find the time if rate of interest and time are numerically equal.
1820 05eb9466343b27164c8e423ba
5eb9466343b27164c8e423ba- 15false
- 28false
- 310true
- 41false
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Answer : 3. "10"
Q: The simple interest accrued on an amount of Rs. 8500 at the end of four years is Rs.3400. What would be the compound interest accrued on the same amount at the same rate of interest after three years?
1820 05ebbcd71beb61d2288e2af07
5ebbcd71beb61d2288e2af07- 1₹ 2560.25false
- 2₹ 2813.5true
- 3₹ 2740false
- 4₹ 2944false
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Answer : 2. "₹ 2813.5 "
Q: Ram deposited a certain sum of money in a company at 12 % per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15 % per annum simple interest. If the difference in the interest from two sources is ₹ 1350 than the sum deposited in each case is
1805 05dca56b588990a4b0e803191
5dca56b588990a4b0e803191- 1₹ 3000false
- 2₹4000false
- 3₹ 6500false
- 4₹ 5000true
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Answer : 4. "₹ 5000"
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?
1801 062f369be55c5be58410dbcc0
62f369be55c5be58410dbcc0- 120 %false
- 218 %false
- 325 %true
- 415 %false
- 512 %false
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Answer : 3. "25 %"
Q: Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
1796 05f2cfa36b57ade01caff3a35
5f2cfa36b57ade01caff3a35- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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