Simple Interest Questions Practice Question and Answer
8 Q: A sum of money at simple interest amounts to ₹ 1,012 in years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:
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Answer : 1. "4% "
Explanation :
Q: What sum will amount to ₹ 7000 in 5 years at simple interest ?
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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
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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
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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 : 2792 05cfdfc5bbc9a366f2932574d
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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? 2847 25cfdf45098d53c6bd3f9d34e
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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?
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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
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