Simple Interest Questions Practice Question and Answer
8 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?
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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?
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5f1aa8c48ae6514e222d1dd8- 1Rs .480true
- 2Rs. 560false
- 3Rs. 440false
- 4Rs. 640false
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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?
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5f2cfa36b57ade01caff3a35- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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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?
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5ea6d57c8127c42fd38d914c- 1Rs. 5462.9false
- 2Rs. 5461.5true
- 3Rs. 5641.2false
- 4Rs. 5621.3false
- 5Rs. 5162 4false
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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?
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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.
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5f87f9df58d85e164c543e8b- 1Rs. 1180false
- 2Rs. 1160true
- 3Rs. 1240false
- 4Rs. 1220false
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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?
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5d9dac3ae215617fef75f6d1- 17%false
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Answer : 2. "8%"
Explanation :
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Q: A person invested a sum of Rs. 18,600 at x% per year and another sum that is twice the former at (x+2)% per year, both at simple interest. If the total interest earned on both investments for $$ {3{1\over 2}}$$ years is Rs.23,110.50, then the rate of interest per year on the second investment is:
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- 212.5 %true
- 310.5 %false
- 413 %false
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