Simple Interest Questions Practice Question and Answer

Q:

The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-

305 0

  • 1
    ₹ 123
    Correct
    Wrong
  • 2
    ₹ 103
    Correct
    Wrong
  • 3
    ₹ 200
    Correct
    Wrong
  • 4
    ₹ 223
    Correct
    Wrong
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Answer : 1. "₹ 123 "
Explanation :

Q:

Manoj deposited ₹ 29400 for 6 years at a simple interest. He got ₹ 4200 as interest after 6 years. The annual rate of interest was-

289 0

  • 1
    $$2{8\over21}$$
    Correct
    Wrong
  • 2
    $$2{7\over20}$$
    Correct
    Wrong
  • 3
    $$3{8\over21}$$
    Correct
    Wrong
  • 4
    $$4{8\over21}$$
    Correct
    Wrong
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Answer : 1. "$$2{8\over21}$$"
Explanation :

Q:

A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\%  $$ per annum simple interest for 2 years. His gain in this transaction is 

960 1

  • 1
    ₹ 225
    Correct
    Wrong
  • 2
    ₹ 150
    Correct
    Wrong
  • 3
    ₹ 112.50
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 225 "
Explanation :

Q:

In what time will ₹ 72 become ₹ 81 at $$6{1\over4}$$ % per annum simple interest?

360 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "2 years"
Explanation :

Q:

Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?

291 0

  • 1
    1700
    Correct
    Wrong
  • 2
    1800
    Correct
    Wrong
  • 3
    1900
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 4. "2000"
Explanation :

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?

523 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 7,500
    Correct
    Wrong
  • 3
    Rs. 2,500
    Correct
    Wrong
  • 4
    Rs. 8,000
    Correct
    Wrong
  • 5
    Rs. 6,000
    Correct
    Wrong
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Answer : 4. "Rs. 8,000"

Q:

A takes a loan of Rs. 1500 from a bank at the rate of 10% simple interest for 3 years and lends to B at the rate of 15% for the same time period. Find the overall profit of A in the whole transaction.

879 0

  • 1
    Rs. 375
    Correct
    Wrong
  • 2
    Rs. 275
    Correct
    Wrong
  • 3
    Rs. 225
    Correct
    Wrong
  • 4
    Rs. 325
    Correct
    Wrong
  • 5
    Rs. 250
    Correct
    Wrong
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Answer : 3. "Rs. 225"

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?

402 0

  • 1
    Rs. 4,565
    Correct
    Wrong
  • 2
    Rs. 5,000
    Correct
    Wrong
  • 3
    Rs. 4,550
    Correct
    Wrong
  • 4
    Rs. 4,695
    Correct
    Wrong
  • 5
    Rs. 4,965
    Correct
    Wrong
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Answer : 5. "Rs. 4,965"

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