Simple Interest Questions Practice Question and Answer
8 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?
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5fa91b5b4e71ba46b02a64b7- 11800false
- 21600false
- 32000true
- 42100false
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Answer : 3. "2000"
Q: The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?
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64e761763be218b6cdc81426- 1Rs. 5,000false
- 2Rs. 7,500false
- 3Rs. 2,500false
- 4Rs. 8,000true
- 5Rs. 6,000false
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Answer : 4. "Rs. 8,000"
Q: The simple interest on a certain sum at 15% per annum for 5 year is Rs1500 more to the simple interest on the same at 12% per annum for the same period. Find the sum-
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62c6a3a451fe3472d68fbcb4- 1Rs 12000false
- 2Rs 12500false
- 3Rs 8000false
- 4Rs 10000true
- 5None of thesefalse
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Answer : 4. "Rs 10000"
Q: What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ?
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624d6f68badeb679cf090ce1- 16000true
- 25000false
- 36300false
- 46500false
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Answer : 1. "6000 "
Explanation :

Q: A sum of money at simple interest amounts to ₹ 1,012 in $$2{1\over2}\%$$ years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:
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624d71d267b2505d7e578227- 14%true
- 25%false
- 32.5%false
- 43%false
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Answer : 1. "4% "
Explanation :

Q: A sum of money becomes Rs 16000 in 6 years at the rate of 25% per annum simple interest. What is the total interest for 6 years?
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624315a7398e4a497b38c65a- 1Rs. 9600true
- 2Rs. 6000false
- 3Rs. 8400false
- 4Rs. 9000false
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Answer : 1. "Rs. 9600 "
Q: ₹ 1,000 is invested at 5% per annum simple interest. If the interest is added to the Aprincipal after every 10 years, the amount will become 2,000 after
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6401defc51b71771391f9dcb- 115 yearsfalse
- 218 yearsfalse
- 320 yearsfalse
- 4None of thesetrue
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Answer : 4. "None of these"
Explanation :

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?
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6411b7013218fd8d1492915a- 18000false
- 29000false
- 310,000true
- 415,000false
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