Simple Interest Questions Practice Question and Answer

Q:

The simple interest on a certain sum of the money at 4 % per annum for 4 years is Rs.80 more than the interest on the same sum for 3 years at 5 % per annum. Find the sum.

772 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 8000
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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Answer : 2. "Rs. 8000"

Q:

Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?

770 0

  • 1
    400
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    310
    Correct
    Wrong
  • 4
    220
    Correct
    Wrong
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Answer : 1. "400"

Q:

A certain sum (in Rs.) is invested at simple interest at x% p.a. for 5 years. Had it been invested at (x+5)% p.a, the simple interest would have been Rs.9,200 more than the earlier one. What is the sum?

767 0

  • 1
    Rs. 36,800
    Correct
    Wrong
  • 2
    Rs. 36,400
    Correct
    Wrong
  • 3
    Rs. 35,800
    Correct
    Wrong
  • 4
    Rs.40,000
    Correct
    Wrong
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Answer : 1. "Rs. 36,800"

Q:

A sum of money at double the rate of simple interest doubles itself in 10 years. In how much time will that amount be triple of itself?

762 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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Answer : 3. "20 years"

Q:

After 4 years, the difference between principal and simple interest is Rs. 228 at the rate of 6 percent simple interest, so what is the amount of principal?

754 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 400
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

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Answer : 4. "1 : 8"

Q:

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-

707 1

  • 1
    Rs.9000
    Correct
    Wrong
  • 2
    Rs.9600
    Correct
    Wrong
  • 3
    Rs.7200
    Correct
    Wrong
  • 4
    Rs.8400
    Correct
    Wrong
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Answer : 2. "Rs.9600"

Q:

The simple interest on an amount at the rate of 7 percent for five years is Rs 700. So how much is the principal?

703 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    2000
    Correct
    Wrong
  • 4
    2100
    Correct
    Wrong
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Answer : 3. "2000"

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