Simple Interest Practice Question and Answer

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.

1180 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:

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

1175 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:

What would be the simple interest obtained on amount of Rs.6,535 at the rate of 10% Percent per annum after 6 years?

1173 0

  • 1
    3,414
    Correct
    Wrong
  • 2
    3,807
    Correct
    Wrong
  • 3
    3,149
    Correct
    Wrong
  • 4
    3,921
    Correct
    Wrong
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Answer : 4. "3,921"

Q:

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

1157 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:

After 4 years, the difference between principal and simple interest is Rs. 228 at the rate of 6 percent simple interest, so what is the amount of principal?

1154 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 400
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

Q:

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1142 0

  • 1
    ₹ 484
    Correct
    Wrong
  • 2
    ₹ 560
    Correct
    Wrong
  • 3
    ₹ 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 512 "

Q:

At the rate of 8 % simple annual interest, if an amount becomes Rs. 819 in 3 years and 3 months, then what was the original amount?

1139 0

  • 1
    Rs. 675
    Correct
    Wrong
  • 2
    Rs. 700
    Correct
    Wrong
  • 3
    Rs. 276
    Correct
    Wrong
  • 4
    Rs. 650
    Correct
    Wrong
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Answer : 4. "Rs. 650"

Q:

A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?

1136 0

  • 1
    9
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    8
    Correct
    Wrong
  • 4
    12
    Correct
    Wrong
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Answer : 1. "9"

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