Simple Interest Questions Practice Question and Answer
8 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
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5f0c4c729b26c36beb2cccb3- 1₹ 2000true
- 2₹ 3000false
- 3₹ 500false
- 4₹ 1000false
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Answer : 1. "₹ 2000 "
Q: If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?
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5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?
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5df0b8d0004abe5c78f750c7- 13false
- 25false
- 36true
- 44false
- 5None of thesefalse
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Answer : 3. "6"
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 years is Rs.23,110.50, then the rate of interest per year on the second investment is:
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5fc0db8396415e6951a97681- 111 %false
- 212.5 %true
- 310.5 %false
- 413 %false
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Answer : 2. "12.5 %"
Q: A person invested Rs 28000 at the rate of 8% per annum simple interest and Rs 26000 at the rate of 10% per annum compounded Interest compounded annually. What is the difference in the interest earned from two investments at the end of 3 years?
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5e8ffaee61b7c13fb890034b- 1Rs 3310false
- 2Rs 2418false
- 3Rs 1886true
- 4Rs 1284false
- 5Rs 960false
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Answer : 3. "Rs 1886 "
Q: A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid 720 as an interest. Find the amount borrowed by him.
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5f06ffde3f7f07047796b3a8- 1₹ 920false
- 2₹ 1620false
- 3₹ 900true
- 4₹ 960false
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Answer : 3. "₹ 900 "
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
- 28%true
- 39%false
- 410%false
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Answer : 2. "8%"
Explanation :
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Q: The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is -
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5db034e8eb701b4db6e86ca7- 10.1 %false
- 20.2 %false
- 30.3 %true
- 40.4 %false
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