Simple Interest Questions Practice Question and Answer

Q:

A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?

2265 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    $$ 33{1\over3}\%$$
    Correct
    Wrong
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Answer : 3. "30 %"

Q: A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are 2188 0

  • 1
    Rs. 4000, Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500, Rs. 5500
    Correct
    Wrong
  • 3
    Rs. 5000, Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 5500, Rs. 4500
    Correct
    Wrong
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Answer : 1. "Rs. 4000, Rs. 6000"

Q:

A took a certain sum as loan from bank at a rate of 8 % Simple Interest per annum. A lends the same amount to B at 12 % Simple interest per annum. If at the end of the five years. A made profit of Rs 800 form the deal, how much was the original sum? 

2164 0

  • 1
    Rs. 6500
    Correct
    Wrong
  • 2
    Rs. 4000
    Correct
    Wrong
  • 3
    Rs. 6200
    Correct
    Wrong
  • 4
    Rs. 6000
    Correct
    Wrong
  • 5
    Rs. 4500
    Correct
    Wrong
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Answer : 2. "Rs. 4000 "

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Answer : 2. "₹ 9,000"

Q:

A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?

1992 0

  • 1
    15
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    27
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "32"

Q:

A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?

1898 0

  • 1
    Rs.39,800
    Correct
    Wrong
  • 2
    Rs.39,900
    Correct
    Wrong
  • 3
    Rs.39,950
    Correct
    Wrong
  • 4
    Rs.39,990
    Correct
    Wrong
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Answer : 2. "Rs.39,900"

Q:

How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?

1812 0

  • 1
    Rs. 72
    Correct
    Wrong
  • 2
    Rs. 368
    Correct
    Wrong
  • 3
    Rs. 92
    Correct
    Wrong
  • 4
    Rs. 455
    Correct
    Wrong
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Answer : 2. "Rs. 368"

Q:

What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in $$ 1{1\over2}$$ years compounded half yearly ?

1811 0

  • 1
    Rs. 80,000
    Correct
    Wrong
  • 2
    Rs. 72,000
    Correct
    Wrong
  • 3
    Rs. 64,000
    Correct
    Wrong
  • 4
    Rs. 68,000
    Correct
    Wrong
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Answer : 3. "Rs. 64,000"

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