Simple Interest Questions and Answers

Welcome to our Simple Interest Questions and Answers blog! If you find yourself grappling with the concepts of simple interest or looking to sharpen your skills in this fundamental area of finance, you've come to the right place. Our Simple Interest Questions and Answers blog is designed to cater to both beginners and individuals seeking advanced insights into the world of simple interest.

Simple Interest Questions

Here in this article Simple Interest Questions and Answers, we provide a diverse range of questions related to simple interest, each accompanied by clear and concise answers. Whether you're a student aiming to ace your maths exams, a professional in the financial industry, or someone simply interested in understanding how interest works, our blog is your go-to resource.

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Simple Interest Questions and Answers

Q :  

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

(A) 3%

(B) 4%

(C) 5%

(D) 6%

(A) 4 years

(B) 3 years

(C) 5 years

(D) 6 years

(A) 1500

(B) 1835

(C) 1935

(D) 1950

(A) 200

(B) 225

(C) 175

(D) 300

(A) 7 years

(B) 3 years

(C) 5 years

(D) 4 years

(A) ₹ 1020.80

(B) ₹ 1025

(C) ₹ 1052

(D) ₹ 1050

(A) 3%

(B) 4%

(C) 5%

(D) 6%

(A) 15 years

(B) 18 years

(C) 20 years

(D) None of these

(A) 4%

(B) 5%

(C) 2.5%

(D) 3%

(A) 6000

(B) 5000

(C) 6300

(D) 6500