Simple Interest Questions Practice Question and Answer

Q:

 ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years? 

1775 0

  • 1
    ₹ 1020.80
    Correct
    Wrong
  • 2
    ₹ 1025
    Correct
    Wrong
  • 3
    ₹ 1052
    Correct
    Wrong
  • 4
    ₹ 1050
    Correct
    Wrong
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Answer : 3. "₹ 1052 "
Explanation :

Q:

The annual payment of Rs.1000 in  5 years at 4% per annum simple interest will discharge a debt of

1727 1

  • 1
    Rs.5440
    Correct
    Wrong
  • 2
    Rs.5400
    Correct
    Wrong
  • 3
    Rs.5600
    Correct
    Wrong
  • 4
    Rs.5800
    Correct
    Wrong
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Answer : 2. "Rs.5400"

Q:

Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.

1694 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1800
    Correct
    Wrong
  • 4
    Rs. 2000
    Correct
    Wrong
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Answer : 4. "Rs. 2000"

Q:

A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was 

1667 0

  • 1
    ₹ 6840
    Correct
    Wrong
  • 2
    ₹ 7200
    Correct
    Wrong
  • 3
    ₹ 6400
    Correct
    Wrong
  • 4
    ₹ 6472
    Correct
    Wrong
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Answer : 2. "₹ 7200"

Q:

Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum? 

1658 0

  • 1
    12
    Correct
    Wrong
  • 2
    13
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    19
    Correct
    Wrong
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Answer : 2. "13 "

Q:

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:   

1650 0

  • 1
    Rs.90,000
    Correct
    Wrong
  • 2
    Rs.96,000
    Correct
    Wrong
  • 3
    Rs.88,000
    Correct
    Wrong
  • 4
    Rs.1,00,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs.96,000"

Q: The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is : 1640 1

  • 1
    0.1%
    Correct
    Wrong
  • 2
    0.2%
    Correct
    Wrong
  • 3
    0.3%
    Correct
    Wrong
  • 4
    0.4%
    Correct
    Wrong
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Answer : 3. "0.3%"

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1637 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
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Answer : 2. "$$6{2\over3}\%$$"

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