Simple Interest Questions Practice Question and Answer

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:

608 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 is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in years?

596 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 3. ""

Q:

On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.

592 0

  • 1
    Rs. 3100
    Correct
    Wrong
  • 2
    Rs.3000
    Correct
    Wrong
  • 3
    Rs.2800
    Correct
    Wrong
  • 4
    Rs. 3200
    Correct
    Wrong
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Answer : 1. "Rs. 3100 "

Q:

At what rate of simple interest will a sum of money double in 8 years?

591 0

  • 1
    16%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    12.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "12.5%"

Q:

A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

579 0

  • 1
    21 years
    Correct
    Wrong
  • 2
    25 years
    Correct
    Wrong
  • 3
    28 years
    Correct
    Wrong
  • 4
    23 years
    Correct
    Wrong
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Answer : 3. "28 years"

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

573 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

Q:

In 5 years, the simple interest on an amount of Rs. X is of the principal. The rate of interest per annum is:

546 0

  • 1
    12%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "8%"

Q:

At what rate per cent per annum will a sum of money double in 8 years?

534 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    13.5%
    Correct
    Wrong
  • 3
    11.5%
    Correct
    Wrong
  • 4
    14.5%
    Correct
    Wrong
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Answer : 1. "12.5%"

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