Simple Interest Questions Practice Question and Answer

Q:

Rs. 2,000 is invested at 10% p.a. on simple interest. If that interest is added to the principal after every 20 years, the amount will become Rs. 14,000 after

832 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    $$ {{33}{1\over 3}}$$ years
    Correct
    Wrong
  • 3
    $$ {{16}{2\over 3}}$$ years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "$$ {{33}{1\over 3}}$$ years "

Q:

₹ 500 was invested at 12 % per annum simple interest and another certain sum of money invested at 10 % per annum simple interest . If the total interest on both the sum after 4 years is 480, the latter sum of money is

825 0

  • 1
    ₹ 450
    Correct
    Wrong
  • 2
    ₹ 550
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

Q:

In a certain time, the ratio of a certain principle and interest obtained from it are in the ratio 10 : 3 at 10 % interest per annum. The number of years for which the money was invested is? 

819 0

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

Q:

If an amount doubles automatically in 8 years, then what is the interest rate?

818 0

  • 1
    $$ {12{1\over 2}}\%$$
    Correct
    Wrong
  • 2
    $$ {15{1\over 2}}\%$$
    Correct
    Wrong
  • 3
    5 %
    Correct
    Wrong
  • 4
    $$ {5{1\over 2}}\%$$
    Correct
    Wrong
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Answer : 1. "$$ {12{1\over 2}}\%$$"

Q:

If the difference of interest of two banks of Rs 500 is Rs 2.50, find the difference between their rates.

818 0

  • 1
    0.35 %
    Correct
    Wrong
  • 2
    0.25 %
    Correct
    Wrong
  • 3
    0.45 %
    Correct
    Wrong
  • 4
    0.55 %
    Correct
    Wrong
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Answer : 2. "0.25 %"

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-

813 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

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 

812 0

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

Q:

A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?

811 0

  • 1
    9
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    8
    Correct
    Wrong
  • 4
    12
    Correct
    Wrong
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Answer : 1. "9"

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