Simple Interest Questions Practice Question and Answer

Q:

At what annual percentage rate, 10 years of simple interest on an amount will be  of the addition?

975 0

  • 1
    4 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 4. ""

Q:

A certain sum of Rs.4200 becomes Rs5523 at 11% p.a simple interest in a certain time. What is the simple interest on the sum of Rs. 4800 at the same rate and in same time period?

975 0

  • 1
    1346
    Correct
    Wrong
  • 2
    1512
    Correct
    Wrong
  • 3
    1506
    Correct
    Wrong
  • 4
    1495
    Correct
    Wrong
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Answer : 2. "1512 "

Q:

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

975 0

  • 1
    4 Years
    Correct
    Wrong
  • 2
    3 Years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    2½ Years
    Correct
    Wrong
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Answer : 2. "3 Years"

Q:

A principal increase by 50 percent in five years at the rate of simple interest. What will be the compound interest for 3 years at Rs 20,000 with the same interest rate?

966 0

  • 1
    5760
    Correct
    Wrong
  • 2
    6620
    Correct
    Wrong
  • 3
    3310
    Correct
    Wrong
  • 4
    2880
    Correct
    Wrong
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Answer : 2. "6620"

Q:

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

964 0

  • 1
    Rs. 2.50
    Correct
    Wrong
  • 2
    Rs. 3
    Correct
    Wrong
  • 3
    Rs. 3.75
    Correct
    Wrong
  • 4
    Rs. 4
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 3"

Q:

The simple interest on an amount at the rate of 13.5 p.c.p.a. for 10 years is Rs. 765.45. What is the sum?

962 0

  • 1
    Rs. 567
    Correct
    Wrong
  • 2
    Rs. 885.95
    Correct
    Wrong
  • 3
    Rs. 5670
    Correct
    Wrong
  • 4
    Can't be determined
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 567 "

Q:

If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be 

961 0

  • 1
    12%
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    8 %
    Correct
    Wrong
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Answer : 1. "12% "

Q:

The simple interest and the true discount on a certain sum for a given period and at a given rate are 25 and 20 respectively. The sum is 

945 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 200
    Correct
    Wrong
  • 3
    ₹ 250
    Correct
    Wrong
  • 4
    ₹ 100
    Correct
    Wrong
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Answer : 4. "₹ 100 "

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