Simple Interest Questions Practice Question and Answer

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:

504 0

  • 1
    4%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
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Answer : 1. "4% "
Explanation :

Q:

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

558 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:

At some rate of simple interest, A lent ₹ 6,000 to B for 2 years and ₹ 1,500 to C for 4 years and received ₹ 9,00 as interest from both of them together. The rate of interest per annum was

528 0

  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "5% "
Explanation :

Q:

A sum of money lent at simple interest amounts to ₹ 880 in 2 years and to ₹ 920 in 3 years. The sum of money (in rupees) is

670 0

  • 1
    784
    Correct
    Wrong
  • 2
    800
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    760
    Correct
    Wrong
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Answer : 2. "800"
Explanation :

Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is : 2683 0

  • 1
    $$5{1\over2}\%$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7%"
Explanation :

Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2703 2

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

Q:

A person lends 40% of his sum of money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?

297 0

  • 1
    13.4%
    Correct
    Wrong
  • 2
    14.33%
    Correct
    Wrong
  • 3
    14.4%
    Correct
    Wrong
  • 4
    13.33%
    Correct
    Wrong
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Answer : 3. "14.4% "
Explanation :

Q:

A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is

273 0

  • 1
    10%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 1. "10% "
Explanation :

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