Simple Interest Practice Question and Answer

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.

1077 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:

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 

1076 0

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

Q:

Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?

1074 0

  • 1
    Rs 5750
    Correct
    Wrong
  • 2
    Rs 8500
    Correct
    Wrong
  • 3
    Rs 5650
    Correct
    Wrong
  • 4
    Rs 8250
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 5750"

Q:

What is the difference between the interest of Ram and Shyam in the given picture if Ram's money is on simple interest and Shyam's money is on compound interest.

1068 0

  • 1
    735.905
    Correct
    Wrong
  • 2
    745.904
    Correct
    Wrong
  • 3
    735.904
    Correct
    Wrong
  • 4
    740.905
    Correct
    Wrong
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Answer : 2. "745.904"

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. 

1067 0

  • 1
    ₹ 920
    Correct
    Wrong
  • 2
    ₹ 1620
    Correct
    Wrong
  • 3
    ₹ 900
    Correct
    Wrong
  • 4
    ₹ 960
    Correct
    Wrong
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Answer : 3. "₹ 900 "

Q:

Simple interest on an amount is Rs. 24 and true discount on the same is Rs. 20. The principal amount is

1046 0

  • 1
    110
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 2. "120"

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?

1044 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:

A person lends 40 % of his sum of money at 15 % per annum, 50 % of rest at 10 % per annum and the rest at 18 % per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum? 

1040 0

  • 1
    14.4 %
    Correct
    Wrong
  • 2
    13.33 %
    Correct
    Wrong
  • 3
    13.4 %
    Correct
    Wrong
  • 4
    14.33 %
    Correct
    Wrong
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Answer : 1. "14.4 % "

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