Simple Interest Questions Practice Question and Answer

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? 2715 2

  • 1
    Rs. 5000
    Correct
    Wrong
  • 2
    Rs. 7500
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 15000
    Correct
    Wrong
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Answer : 2. "Rs. 7500"
Explanation :

Q:

If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?

1161 0

  • 1
    Rs. 1500
    Correct
    Wrong
  • 2
    Rs. 1800
    Correct
    Wrong
  • 3
    Rs. 2000
    Correct
    Wrong
  • 4
    Rs. 2250
    Correct
    Wrong
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Answer : 3. "Rs. 2000"

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1551 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

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: 1574 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is : 2690 0

  • 1
    $$5{1\over2}\%$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7%"
Explanation :

Q:

The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is - 

1198 0

  • 1
    0.1 %
    Correct
    Wrong
  • 2
    0.2 %
    Correct
    Wrong
  • 3
    0.3 %
    Correct
    Wrong
  • 4
    0.4 %
    Correct
    Wrong
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Answer : 3. "0.3 % "

Q:

Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid Rs 6,600 as interest while clearing the loan, find the time for which the loan was given.

4412 0

  • 1
    3 year
    Correct
    Wrong
  • 2
    4 year
    Correct
    Wrong
  • 3
    5 year
    Correct
    Wrong
  • 4
    6 year
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "5 year"

Q:

2 years, a sum was put at SI at a certain rate. If the rate was 3 % higher, it would have fetched 300 more. What will be the sum? 

832 0

  • 1
    2500
    Correct
    Wrong
  • 2
    4484
    Correct
    Wrong
  • 3
    5000
    Correct
    Wrong
  • 4
    4800
    Correct
    Wrong
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Answer : 3. "5000 "

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