Simple Interest Practice Question and Answer

Q:

Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was 

1879 0

  • 1
    ₹ 2000
    Correct
    Wrong
  • 2
    ₹ 3000
    Correct
    Wrong
  • 3
    ₹ 500
    Correct
    Wrong
  • 4
    ₹ 1000
    Correct
    Wrong
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Answer : 1. "₹ 2000 "

Q:

A sum of Rs. 400 becomes Rs. 448 at simple interest in 2 years. In how many years, will the sum of Rs. 550 amounts to Rs. 682 at the same rate?

1866 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "4 "

Q:

A person invested Rs 28000 at the rate of 8% per annum simple interest and Rs 26000 at the rate of 10% per annum compounded Interest compounded annually. What is the difference in the interest earned from two investments at the end of 3 years? 

1865 0

  • 1
    Rs 3310
    Correct
    Wrong
  • 2
    Rs 2418
    Correct
    Wrong
  • 3
    Rs 1886
    Correct
    Wrong
  • 4
    Rs 1284
    Correct
    Wrong
  • 5
    Rs 960
    Correct
    Wrong
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Answer : 3. "Rs 1886 "

Q: In what time will the simple interest be $${2\over 5}$$ of the principle at 8 percent per annum ? 1865 0

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

Q:

If certain sum, at simple interest turns into thrice of actual amount in 4 years. Find out time to become the amount thirteen times of initial amount? 

1859 0

  • 1
    28 yrs
    Correct
    Wrong
  • 2
    26 yrs
    Correct
    Wrong
  • 3
    20 yrs
    Correct
    Wrong
  • 4
    24 yrs
    Correct
    Wrong
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Answer : 4. "24 yrs"

Q:

An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?

1823 0

  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "20%"

Q:

The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is - 

1818 0

  • 1
    0.1 %
    Correct
    Wrong
  • 2
    0.2 %
    Correct
    Wrong
  • 3
    0.3 %
    Correct
    Wrong
  • 4
    0.4 %
    Correct
    Wrong
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Answer : 3. "0.3 % "

Q:

What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?  

1813 0

  • 1
    8:21
    Correct
    Wrong
  • 2
    21:5
    Correct
    Wrong
  • 3
    5:21
    Correct
    Wrong
  • 4
    21:8
    Correct
    Wrong
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Answer : 1. "8:21 "

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