Simple Interest Problems Practice Question and Answer
8Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2705 25cfdf45098d53c6bd3f9d34e
5cfdf45098d53c6bd3f9d34e- 1Rs. 5000false
- 2Rs. 7500true
- 3Rs. 10000false
- 4Rs. 15000false
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Answer : 2. "Rs. 7500"
Explanation :
Q: A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-
430 0654238654a7ba1cb6049b040
654238654a7ba1cb6049b040- 1700false
- 26500false
- 34000false
- 41500true
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Answer : 4. "1500"
Explanation :
Q: A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is
439 064e5e57e646d8ab6ebd7ae4c
64e5e57e646d8ab6ebd7ae4c- 1Rs. 96000false
- 2Rs. 80000false
- 3Rs. 48000false
- 4Rs. 60000false
- 5None of thesetrue
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Answer : 5. "None of these "
Q: A person invests money in three different schemes 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is
673 06401de99cbcfaac053030577
6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false
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Answer : 1. "6: 3: 2 "
Q: If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
565 06401de1e35d86258ecd2aba4
6401de1e35d86258ecd2aba4- 120 yearstrue
- 230 yearsfalse
- 310 yearsfalse
- 422 yearsfalse
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Answer : 1. "20 years "
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
587 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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Answer : 4. "6.09%"
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 2222 05cfdfb7cbc9a366f29325748
5cfdfb7cbc9a366f29325748- 1Rs. 4000, Rs. 6000true
- 2Rs. 4500, Rs. 5500false
- 3Rs. 5000, Rs. 5000false
- 4Rs. 5500, Rs. 4500false
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Answer : 1. "Rs. 4000, Rs. 6000"
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 : 1669 05cfdfdf770433d6f12b54050
5cfdfdf770433d6f12b54050- 15%false
- 2$$6{2\over3}\%$$true
- 36%false
- 4$$7{1\over5}\%$$false
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