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? 1528 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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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?

364 0

  • 1
    ₹210
    Correct
    Wrong
  • 2
    ₹220
    Correct
    Wrong
  • 3
    ₹942
    Correct
    Wrong
  • 4
    ₹242
    Correct
    Wrong
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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? 

354 0

  • 1
    5 years
    Correct
    Wrong
  • 2
    6 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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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-

362 0

  • 1
    ₹3288
    Correct
    Wrong
  • 2
    ₹3340
    Correct
    Wrong
  • 3
    ₹3312
    Correct
    Wrong
  • 4
    ₹3360
    Correct
    Wrong
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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 : 1643 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:

₹ 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 

1627 0

  • 1
    ₹ 8,700
    Correct
    Wrong
  • 2
    ₹ 19,000
    Correct
    Wrong
  • 3
    ₹ 8,500
    Correct
    Wrong
  • 4
    ₹ 17,400
    Correct
    Wrong
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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 2183 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: 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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