Here we are providing Simple Intrest important questions and answers based on the above formulas for your convenience and good practice, will help you to improve your score by covering the maths topic. Students who understand mathematics as a very difficult subject, start their practice-
Q : A sum was invested on simple interest at a certain rate for 2 years. Had it been put at 3 % higher. rate, it would have fetched ₹ 72 more. The sum is
(A) ₹ 1,600
(B) ₹ 1,800
(C) ₹ 1,200
(D) ₹ 1,500
In what time will the simple interest be 2/5 of the principal at 8 percent per annum?
(A) 7 years
(B) 5 years
(C) 8 years
(D) 6 years
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
(A) ₹ 2000
(B) ₹ 3000
(C) ₹ 500
(D) ₹ 1000
What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in
(A) Rs. 80,000
(B) Rs. 72,000
(C) Rs. 64,000
(D) Rs. 68,000
What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
(A) ₹ 250
(B) ₹ 225
(C) ₹ 212
(D) ₹ 200
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