Simple Interest Questions and Answers - Simple Interest Formula

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Simple Interest Questions and Answers
Q :  

A sum of money becomes Rs 16000 in 6 years at the rate of 25% per annum simple interest. What is the total interest for 6 years?

(A) Rs. 9600

(B) Rs. 6000

(C) Rs. 8400

(D) Rs. 9000


Correct Answer : A

Q :  

On a sum Sima earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.

(A) Rs. 3100

(B) Rs.3000

(C) Rs.2800

(D) Rs. 3200

(E) Rs. 3500


Correct Answer : A

Q :  

In what time will the annual simple interest rate at $$ {6{1\over4}{\%}}$$ , 72 rupees becomes 81 rupees?

(A) 2 year

(B) 2 year 6 month

(C) 3 year

(D) None of these


Correct Answer : A

Q :  

Ram takes Rs. 5000 from Mohan for 3 years under simple interest at the rate of 10% per annum calculated half-yearly. What amount will be paid by Ram to Mohan after the end of 3 years?

(A) Rs. 9000

(B) Rs. 3000

(C) Rs. 6500

(D) Rs. 7500

(E) None of these


Correct Answer : C

Q :  

A sum fetches a simple interest of Rs. 6000 at the rate of 5% p.a. in 6 years. What would be the compound interest earned at the same rate of interest and the same principal in 2 years?

(A) Rs. 2500

(B) Rs. 2125

(C) Rs. 2245

(D) Rs. 2325

(E) None of these


Correct Answer : E

Q :  

Ramesh invests a sum of money which becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. How much had he invested?

(A) 1800

(B) 1200

(C) 1500

(D) 2800

(E) None of these


Correct Answer : B

Q :  

Anshul borrowed Rs. 24800 from Deepak at 8% p.a. simple interest for 4 years. He then added some more money to the borrowed sum and lent it to Rajeev for the same period at 10% p.a. If Anshul gains Rs. 5184 in the whole transaction, how much money did he add from his side?

(A) Rs. 8000

(B) Rs. 8500

(C) Rs. 7500

(D) Rs. 9000

(E) Rs. 7000


Correct Answer : A

Q :  

At a simple interest Rs. 3050 becomes Rs. 4026 in four years. If the interest rate was increased by 4% how much would Rs.7500 become in four years ?

(A) Rs.13100

(B) Rs.11200

(C) Rs. 12100

(D) Rs.11100

(E) Rs. 12200


Correct Answer : D

Q :  

On a certain sum of money at a certain rate of interest, the simple interest for two years is Rs 120 and the compound interest is Rs 129, then what will be the rate of interest?

(A) 15 %

(B) 12.5 %

(C) 9 %

(D) 51 %


Correct Answer : A

Q :  

A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?

(A) 4 Years

(B) 3 Years

(C) 5 years

(D) 2½ Years


Correct Answer : B

 

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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