Simple Interest Practice Question and Answer

Q:

The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is 

1239 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    8 %
    Correct
    Wrong
  • 4
    9 %
    Correct
    Wrong
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Answer : 1. "10 % "

Q: In what time will the simple interest be of the principle at 8 percent per annum ? 1238 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    7 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
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Answer : 3. "5 years"

Q:

What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?  

1232 0

  • 1
    8:21
    Correct
    Wrong
  • 2
    21:5
    Correct
    Wrong
  • 3
    5:21
    Correct
    Wrong
  • 4
    21:8
    Correct
    Wrong
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Answer : 1. "8:21 "

Q:

A sum of Rs. 400 becomes Rs. 448 at simple interest in 2 years. In how many years, will the sum of Rs. 550 amounts to Rs. 682 at the same rate?

1231 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "4 "

Q:

The simple interest of 7 years of money is Rs. 1750. If the rate of interest was 2% more per annum, how much interest would have been higher?

1223 0

  • 1
    Rs. 35
    Correct
    Wrong
  • 2
    Rs. 245
    Correct
    Wrong
  • 3
    Rs. 350
    Correct
    Wrong
  • 4
    Cannot determined
    Correct
    Wrong
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Answer : 4. "Cannot determined"

Q:

The difference between C.I and S.I for 2 years is Rs. 9. Find the sum (in Rs.) if the rate is 15% per annum.

1203 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
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Answer : 1. "400"

Q:

A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.

1199 0

  • 1
    2000
    Correct
    Wrong
  • 2
    2100
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
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Answer : 1. "2000 "

Q:

Find the simple interest on a principal of Rs.1250 at the rate of 5% for a time of 219 days.

1192 0

  • 1
    32.5
    Correct
    Wrong
  • 2
    44.5
    Correct
    Wrong
  • 3
    37.5
    Correct
    Wrong
  • 4
    36.5
    Correct
    Wrong
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Answer : 3. "37.5"

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