Simple Interest Questions Practice Question and Answer
8 Q: A sum of money lent out at simple interest amounts to ₹720 after 2 years and 1020 after a further period of 5 years. Find the principal.
944 05f0d59c8cec10557a8df13f9
5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: Ratio of the principal and the amount after 5 year is 10:12. Then the rate of interest per annum is
2853 05f0d4876cec10557a8deaea7
5f0d4876cec10557a8deaea7- 18%false
- 220%true
- 312%false
- 416%false
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Answer : 2. "20% "
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?
839 05f0d4818fce67160728ddd81
5f0d4818fce67160728ddd81- 12500false
- 24484false
- 35000true
- 44800false
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Answer : 3. "5000 "
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?
824 05f0d47be9b26c36beb2fd731
5f0d47be9b26c36beb2fd731- 15 yearsfalse
- 27 yearsfalse
- 31 yearsfalse
- 43 yearstrue
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Answer : 4. "3 years "
Q: A sum of ₹ 10,000 is lent partly at 8 % and remaining at 10% per annum. If the yearly interest on the average is 9.2 %, the two parts are
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5f0d473e9b26c36beb2fd666- 1₹ 5000, ₹ 5000false
- 2₹ 5500 , ₹ 4500false
- 3₹ 4000 , ₹ 6000true
- 4₹ 4500, ₹ 5500false
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Answer : 3. "₹ 4000 , ₹ 6000 "
Q: A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was
1686 05f0d469bfce67160728dd82a
5f0d469bfce67160728dd82a- 1₹ 6840false
- 2₹ 7200true
- 3₹ 6400false
- 4₹ 6472false
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Answer : 2. "₹ 7200"
Q: Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was
1114 05f0c4c729b26c36beb2cccb3
5f0c4c729b26c36beb2cccb3- 1₹ 2000true
- 2₹ 3000false
- 3₹ 500false
- 4₹ 1000false
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Answer : 1. "₹ 2000 "
Q: What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
956 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
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