Simple Interest Questions Practice Question and Answer
8 Q: What is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in $$1{1\over 2}$$years?
499 064805956a33e0f47b7719e6b
64805956a33e0f47b7719e6b- 1$$2{2\over 3}\%$$false
- 2$$2{1\over 4}\%$$false
- 3$$2{1\over 2}\%$$true
- 4$$2{1\over 3}\%$$false
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Answer : 3. "$$2{1\over 2}\%$$"
Q: In how much time will a sum of Rs. 12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest?
641 0644f9fed508d9a21f78e706d
644f9fed508d9a21f78e706d- 110 yearsfalse
- 27.5 yearstrue
- 38 yearsfalse
- 412.5 yearsfalse
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Answer : 2. "7.5 years"
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?
379 0643d19d12d621da11696d0e1
643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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Answer : 4. "2 : 5"
Q: A sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
704 0642255deed76c064b8506f1b
642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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Answer : 4. "1 : 8"
Q: Kirti invested a sum of money at a certain rate of simple interest per annum for 3 years in "Bachat scheme". Had she invested the same sum in "Shiksha scheme" for 3 years which has a 2% higher simple interest rate per annum, the investment would have fetched ₹540 more. How much did Kirti invest?
2062 06422557132185cce37079548
6422557132185cce37079548- 1₹ 9,500false
- 2₹ 9,000true
- 3₹ 7,000false
- 4₹ 8,000false
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Answer : 2. "₹ 9,000"
Q: If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum?
563 06401dd600fa4111f87190866
6401dd600fa4111f87190866- 1132.50false
- 2135.60false
- 3137.60true
- 4None of thesefalse
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Answer : 3. "137.60"
Q: At what rate per cent per annum will a sum of money double in 8 years?
452 06410568a5bff3d098ddc0683
6410568a5bff3d098ddc0683- 112.5%true
- 213.5%false
- 311.5%false
- 414.5%false
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Answer : 1. "12.5%"
Q: The difference between the simple interest and the compound interest on a certain amount at 5% for two years is 25, what is the amount?
581 06411b7013218fd8d1492915a
6411b7013218fd8d1492915a- 18000false
- 29000false
- 310,000true
- 415,000false
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