Simple Interest Practice Question and Answer
8 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
1221 05dd634a4db51363c0239468e
5dd634a4db51363c0239468e- 110 %true
- 26 %false
- 38 %false
- 49 %false
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Answer : 1. "10 % "
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.
1220 05f06ffde3f7f07047796b3a8
5f06ffde3f7f07047796b3a8- 1₹ 920false
- 2₹ 1620false
- 3₹ 900true
- 4₹ 960false
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Answer : 3. "₹ 900 "
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?
1215 05f8013e60a69ab3becc7b52f
5f8013e60a69ab3becc7b52f- 1Rs. 35false
- 2Rs. 245false
- 3Rs. 350false
- 4Cannot determinedtrue
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Answer : 4. "Cannot determined"
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?
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5f0c48cd9b26c36beb2cc5d0- 114.4 %true
- 213.33 %false
- 313.4 %false
- 414.33 %false
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Answer : 1. "14.4 % "
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?
1185 064a5449fdc607a4d2b2861b8
64a5449fdc607a4d2b2861b8- 18:21true
- 221:5false
- 35:21false
- 421:8false
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Answer : 1. "8:21 "
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.
1183 05ec71dd4eaf6d54c81d84edc
5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
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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.
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601a4e2b8f9c7c5b6d8f1433- 132.5false
- 244.5false
- 337.5true
- 436.5false
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Answer : 3. "37.5"
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.
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5dbfb56b17d85f0ae3787227- 1400true
- 2500false
- 3600false
- 4700false
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