Simple Interest Questions Practice Question and Answer
8 Q: What will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years and for 15 years respectively?
506 0643d19d12d621da11696d0e1
643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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Answer : 4. "2 : 5"
Q: A certain sum amounts to ₹15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in years at 10% p.a., if the interest is compounded half yearly (nearest to ₹1)?
501 064be676823047f4c71dc9c42
64be676823047f4c71dc9c42- 1₹ 14,470true
- 2₹ 15,125false
- 3₹ 14,360false
- 4₹ 13,460false
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Answer : 1. "₹ 14,470"
Q: A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-
490 06548d279c298bbcb029d4548
6548d279c298bbcb029d4548- 13%false
- 24%false
- 35%false
- 46%true
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Answer : 4. "6%"
Explanation :
Q: There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 15,000 after 3 years at the same rate of interest?
483 064dc7b34d4a4292bfff35744
64dc7b34d4a4292bfff35744- 1Rs. 4,565false
- 2Rs. 5,000false
- 3Rs. 4,550false
- 4Rs. 4,695false
- 5Rs. 4,965true
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Answer : 5. "Rs. 4,965"
Q: Atm of ₹2.400. amounts to ₹3,264 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to-
461 064105386b34a0b67fcdbe702
64105386b34a0b67fcdbe702- 1₹3288false
- 2₹3340false
- 3₹3312false
- 4₹3360true
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Answer : 4. "₹3360"
Q: If , then the value of a+b is equal to:
461 064ccb87a8f85ca71558e4d76
64ccb87a8f85ca71558e4d76- 118true
- 215false
- 324false
- 416false
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Answer : 1. "18"
Q: The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-
458 065423d12c298bbcb028932f3
65423d12c298bbcb028932f3- 1₹ 123true
- 2₹ 103false
- 3₹ 200false
- 4₹ 223false
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Answer : 1. "₹ 123 "
Explanation :
Q: The amount ₹2,100 became ₹ 2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest?
450 0641054a856c45fd8d3ac4931
641054a856c45fd8d3ac4931- 1₹210true
- 2₹220false
- 3₹942false
- 4₹242false
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