Problems on Simple Interest with Solutions for Competitive Exams
Simple Interest Problems with Solutions
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
Correct Answer : C
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
Correct Answer : B
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
Correct Answer : A
What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in $$ 1{1\over2}$$ years compounded half yearly ?
(A) Rs. 80,000
(B) Rs. 72,000
(C) Rs. 64,000
(D) Rs. 68,000
Correct Answer : C
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
Correct Answer : A
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Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
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