Simple Interest Questions Practice Question and Answer

Q:

Simple interest on a certain sum is equal to the sum itself. find the time if rate of interest and time are numerically equal.

1512 0

  • 1
    5
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    1
    Correct
    Wrong
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Answer : 3. "10"

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Answer : 4. "₹ 5000"

Q:

The simple interest accrued on an amount of Rs. 8500 at the end of four years is Rs.3400. What would be the compound interest accrued on the same amount at the same rate of interest after three years?

1480 0

  • 1
    ₹ 2560.25
    Correct
    Wrong
  • 2
    ₹ 2813.5
    Correct
    Wrong
  • 3
    ₹ 2740
    Correct
    Wrong
  • 4
    ₹ 2944
    Correct
    Wrong
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Answer : 2. "₹ 2813.5 "

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?

1480 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:

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?

1468 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:

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

1460 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:

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

1460 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:

Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was 

1426 0

  • 1
    ₹ 2000
    Correct
    Wrong
  • 2
    ₹ 3000
    Correct
    Wrong
  • 3
    ₹ 500
    Correct
    Wrong
  • 4
    ₹ 1000
    Correct
    Wrong
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Answer : 1. "₹ 2000 "

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