Simple Interest Questions Practice Question and Answer

Q:

A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal? 

1366 0

  • 1
    700
    Correct
    Wrong
  • 2
    720
    Correct
    Wrong
  • 3
    820
    Correct
    Wrong
  • 4
    780
    Correct
    Wrong
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Answer : 2. "720"

Q:

The simple interest on an amount of 2,800 at the end of 3 years is Rs 420. What will be the simple interest at Rs 3200 for the same rate and for the same period?

1355 0

  • 1
    Rs .480
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 440
    Correct
    Wrong
  • 4
    Rs. 640
    Correct
    Wrong
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Answer : 1. "Rs .480"

Q:

Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?

1337 0

  • 1
    Rs 4800
    Correct
    Wrong
  • 2
    Rs 5500
    Correct
    Wrong
  • 3
    Rs 4600
    Correct
    Wrong
  • 4
    Rs 500
    Correct
    Wrong
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Answer : 3. "Rs 4600"

Q:

The simple interest accrued on an amount of Rs 16500 at the end of 3 years is Rs. 4950. What would be the compound interest accrued on the same amount at the same rate in the same period? 

1323 0

  • 1
    Rs. 5462.9
    Correct
    Wrong
  • 2
    Rs. 5461.5
    Correct
    Wrong
  • 3
    Rs. 5641.2
    Correct
    Wrong
  • 4
    Rs. 5621.3
    Correct
    Wrong
  • 5
    Rs. 5162 4
    Correct
    Wrong
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Answer : 2. "Rs. 5461.5 "

Q:

A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?

1282 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
  • 5
    12 %
    Correct
    Wrong
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Answer : 3. "25 %"

Q:

How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.

1230 0

  • 1
    Rs. 1180
    Correct
    Wrong
  • 2
    Rs. 1160
    Correct
    Wrong
  • 3
    Rs. 1240
    Correct
    Wrong
  • 4
    Rs. 1220
    Correct
    Wrong
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Answer : 2. "Rs. 1160"

Q:

The simple interest on a certain sum of money at the rate of 5 % per annum for 8 years is ₹ 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is? 

1202 0

  • 1
    7%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "8%"
Explanation :

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Answer : 2. "12.5 %"

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