Simple Interest Questions Practice Question and Answer

Q:

A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.

595 0

  • 1
    $$38{2\over 9} \% $$
    Correct
    Wrong
  • 2
    $$33{1\over 3} \% $$
    Correct
    Wrong
  • 3
    $$27{1\over 9} \% $$
    Correct
    Wrong
  • 4
    $$22{2\over 9} \% $$
    Correct
    Wrong
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Answer : 4. "$$22{2\over 9} \% $$"

Q:

The difference between the simple interest and the compound interest on a certain amount at 5% for two years is 25, what is the amount?

594 0

  • 1
    8000
    Correct
    Wrong
  • 2
    9000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
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Answer : 3. "10,000 "

Q:

 If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum? 

576 0

  • 1
    132.50
    Correct
    Wrong
  • 2
    135.60
    Correct
    Wrong
  • 3
    137.60
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "137.60"

Q:

What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ? 

573 0

  • 1
    6000
    Correct
    Wrong
  • 2
    5000
    Correct
    Wrong
  • 3
    6300
    Correct
    Wrong
  • 4
    6500
    Correct
    Wrong
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Answer : 1. "6000 "
Explanation :

Q:

What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?

563 0

  • 1
    5000
    Correct
    Wrong
  • 2
    7500
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    15000
    Correct
    Wrong
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Answer : 2. "7500"

Q:

A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is:

563 0

  • 1
    ₹6,655
    Correct
    Wrong
  • 2
    ₹3,744
    Correct
    Wrong
  • 3
    ₹6,864
    Correct
    Wrong
  • 4
    ₹3,975
    Correct
    Wrong
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Answer : 3. "₹6,864"

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Answer : 3. "Rs. 20160"

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?

547 0

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