Simple Interest Practice Question and Answer

Q:

A certain sum (in Rs.) is invested at simple interest at x% p.a. for 5 years. Had it been invested at (x+5)% p.a, the simple interest would have been Rs.9,200 more than the earlier one. What is the sum?

747 0

  • 1
    Rs. 36,800
    Correct
    Wrong
  • 2
    Rs. 36,400
    Correct
    Wrong
  • 3
    Rs. 35,800
    Correct
    Wrong
  • 4
    Rs.40,000
    Correct
    Wrong
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Answer : 1. "Rs. 36,800"

Q:

At what rate percent per annum will a sum of Rs.5000 amount to Rs.6000 in 4 years?

2472 0

  • 1
    5%
    Correct
    Wrong
  • 2
    6%
    Correct
    Wrong
  • 3
    3.5%
    Correct
    Wrong
  • 4
    4%
    Correct
    Wrong
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Answer : 1. "5% "

Q:

The difference between the compound interest and simple interest of a certain sum of amount is rupees 256.40 for 4 years at 10% rate per annum. Find the sum of money?

780 0

  • 1
    4800
    Correct
    Wrong
  • 2
    6000
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    4500
    Correct
    Wrong
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Answer : 3. "4000"

Q:

The amount of Rs 400 becomes Rs 480 in 4 years. If the rate of interest is increased by 2 percent, how much will it be?

765 0

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

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?

719 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 certain sum of Rs.4200 becomes Rs5523 at 11% p.a simple interest in a certain time. What is the simple interest on the sum of Rs. 4800 at the same rate and in same time period?

893 0

  • 1
    1346
    Correct
    Wrong
  • 2
    1512
    Correct
    Wrong
  • 3
    1506
    Correct
    Wrong
  • 4
    1495
    Correct
    Wrong
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Answer : 2. "1512 "

Q:

At what annual percentage rate, 10 years of simple interest on an amount will be $$ {2\over 5}$$ of the addition?

868 0

  • 1
    4 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    $$ {5{2\over3}{\%}}$$
    Correct
    Wrong
  • 4
    $$ {6{2\over3}{\%}}$$
    Correct
    Wrong
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Answer : 4. "$$ {6{2\over3}{\%}}$$"

Q:

Which amount will be Rs 520 in 5 years with simple interest and Rs 568 in 7 years?

746 0

  • 1
    400
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    310
    Correct
    Wrong
  • 4
    220
    Correct
    Wrong
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Answer : 1. "400"

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