Simple Interest Questions Practice Question and Answer
8 Q: A sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
971 0642255deed76c064b8506f1b
642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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Answer : 4. "1 : 8"
Q: A property fetches a net annual income of ₹1000 deducting all outgoings. The capitalized value of the property for the rate of interest 6% will be (in ₹) -
969 062ff7acffef7996822ddfa7c
62ff7acffef7996822ddfa7c- 1₹16667.00true
- 2₹15003.00false
- 3₹18000.00false
- 4None of the abovefalse
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Answer : 1. "₹16667.00"
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?
966 06051c468a37d522d6c151713
6051c468a37d522d6c151713- 1Rs. 36,800true
- 2Rs. 36,400false
- 3Rs. 35,800false
- 4Rs.40,000false
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Answer : 1. "Rs. 36,800"
Q: Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?
965 06548d7b141ff7f5484036df7
6548d7b141ff7f5484036df7- 17 yearsfalse
- 23 yearsfalse
- 35 yearstrue
- 44 yearsfalse
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Answer : 3. "5 years "
Explanation :

Q: The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-
944 06548d60fbe1f083d14915fbc
6548d60fbe1f083d14915fbc- 1200true
- 2225false
- 3175false
- 4300false
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Answer : 1. "200 "
Explanation :

Q: Ms. Deksha borrow Rs. 575 at 5 % per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?
944 0606afbc26a85553684da0eae
606afbc26a85553684da0eae- 1690true
- 2115false
- 3151false
- 4960false
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Answer : 1. "690"
Q:Answer the following questions
Anshul borrowed Rs.24800 from Deepak at 8% p.a. simple interest for 4 years. He then added some more money to the borrowed sum and lent it to Rajeev for the same period at 10% p.a. If Anshul gains Rs. 5184 in the whole transaction, how much money did he add from his side?
934 063bd5b308f5b1f774c45fb63
63bd5b308f5b1f774c45fb63- 1Rs. 8000true
- 2Rs. 8500false
- 3Rs. 7500false
- 4Rs. 9000false
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Answer : 1. "Rs. 8000 "
Q: A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.
924 064b50596e154aff53372df18
64b50596e154aff53372df18- 1$$38{2\over 9} \% $$false
- 2$$33{1\over 3} \% $$false
- 3$$27{1\over 9} \% $$false
- 4$$22{2\over 9} \% $$true
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