Simple Interest Practice Question and Answer

Q:

At what simple rate of interest a sum is double in 8 years?

818 1

  • 1
    11.0 %
    Correct
    Wrong
  • 2
    12.5 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    13.5 %
    Correct
    Wrong
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Answer : 2. "12.5 %"

Q:

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-

679 1

  • 1
    Rs.9000
    Correct
    Wrong
  • 2
    Rs.9600
    Correct
    Wrong
  • 3
    Rs.7200
    Correct
    Wrong
  • 4
    Rs.8400
    Correct
    Wrong
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Answer : 2. "Rs.9600"

Q:

The simple interest on a certain sum of the money at 4 % per annum for 4 years is Rs.80 more than the interest on the same sum for 3 years at 5 % per annum. Find the sum.

748 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 8000
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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Answer : 2. "Rs. 8000"

Q:

An amount doubles itself in 5 years simple interest. What is the rate of interest per year?

765 0

  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 1. "20%"

Q:

A sum of money becomes 3 times in 12 years. In how many years it will become 5 times at the same rate of simple interest?

754 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    16 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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Answer : 3. "24 years "

Q:

Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :

912 0

  • 1
    2.5%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    7.5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. "10%"

Q:

Ms. Deksha borrow Rs. 575 at 5 % per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

667 0

  • 1
    690
    Correct
    Wrong
  • 2
    115
    Correct
    Wrong
  • 3
    151
    Correct
    Wrong
  • 4
    960
    Correct
    Wrong
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Answer : 1. "690"

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"

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