Simple Interest Problems Practice Question and Answer

Q:

In what time will the simple interest be 2/5 of the principal at 8 percent per annum? 

1872 0

  • 1
    7 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "5 years "

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1637 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "$$6{2\over3}\%$$"

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1548 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$5{5\over9}\%$$"

Q: A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are 2180 0

  • 1
    Rs. 4000, Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500, Rs. 5500
    Correct
    Wrong
  • 3
    Rs. 5000, Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 5500, Rs. 4500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 4000, Rs. 6000"

Q: A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ? 2711 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 512"

Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2664 2

  • 1
    Rs. 5000
    Correct
    Wrong
  • 2
    Rs. 7500
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 15000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 7500"
Explanation :

Q: The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs. 42. The sum is : 2581 1

  • 1
    Rs. 210
    Correct
    Wrong
  • 2
    Rs. 280
    Correct
    Wrong
  • 3
    Rs. 750
    Correct
    Wrong
  • 4
    Rs. 840
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 840"

Q:

The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is 

1023 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    8 %
    Correct
    Wrong
  • 4
    9 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "10 % "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully