Simple Interest Questions Practice Question and Answer

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1544 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "25%"

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?

373 0

  • 1
    ₹210
    Correct
    Wrong
  • 2
    ₹220
    Correct
    Wrong
  • 3
    ₹942
    Correct
    Wrong
  • 4
    ₹242
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹210"

Q:

In what time will ₹8000, at 3% per annum, produce the same interest as ₹6000 does in 5 years at 4% simple interest is? 

367 0

  • 1
    5 years
    Correct
    Wrong
  • 2
    6 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "5 years"

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-

372 0

  • 1
    ₹3288
    Correct
    Wrong
  • 2
    ₹3340
    Correct
    Wrong
  • 3
    ₹3312
    Correct
    Wrong
  • 4
    ₹3360
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹3360"

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 : 1667 1

  • 1
    0.1%
    Correct
    Wrong
  • 2
    0.2%
    Correct
    Wrong
  • 3
    0.3%
    Correct
    Wrong
  • 4
    0.4%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "0.3%"

Q:

₹ 26100 is divided between Ram and Shyam so that the interest that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4 % per annum then Ram's share is 

1646 0

  • 1
    ₹ 8,700
    Correct
    Wrong
  • 2
    ₹ 19,000
    Correct
    Wrong
  • 3
    ₹ 8,500
    Correct
    Wrong
  • 4
    ₹ 17,400
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 17,400 "

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 2224 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
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 4000, Rs. 6000"

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 : 1672 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "$$6{2\over3}\%$$"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully