Simple Interest Practice Question and Answer
8 Q: A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?
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610c0344a0824f7eeb5c9240- 1Rs.8946false
- 2Rs. 8740false
- 3Rs. 8520true
- 4Rs.8800false
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Answer : 3. "Rs. 8520"
Q: A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was
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5dd63277c2282c484e4b5ee6- 14 %false
- 25 %true
- 32 %false
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Answer : 2. "5 % "
Q: A sum of ₹ 800 amounts to ₹ 920 in 3 years at the simple interest rate. If the rate is increased by 3 % p.a., what will be the sum amount to in the same period?
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5f0d4a9acec10557a8deb2cc- 1₹ 942false
- 2₹ 982false
- 3₹ 992true
- 4₹ 962false
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Answer : 3. "₹ 992"
Q: Rs. 1,080 invested for 3 months gave an interest of Rs. 27. The simple rate of interest per annum was :
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608292a360a06a7ffdaaf57c- 12.5%false
- 25%false
- 37.5%false
- 410%true
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Answer : 4. "10%"
Q: A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at per annum simple interest for 2 years. His gain in this transaction is
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5f0c44786d4355600943e8c7- 1₹ 225true
- 2₹ 150false
- 3₹ 112.50false
- 4₹ 450false
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Answer : 1. "₹ 225 "
Explanation :
Q: A takes a loan of Rs. 1500 from a bank at the rate of 10% simple interest for 3 years and lends to B at the rate of 15% for the same time period. Find the overall profit of A in the whole transaction.
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64e7534f3be218b6cdc7ee06- 1Rs. 375false
- 2Rs. 275false
- 3Rs. 225true
- 4Rs. 325false
- 5Rs. 250false
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Answer : 3. "Rs. 225"
Q: A man invested Rs.25000 on simple interest at R% p.a. If interest received by man is three twentieth of the principal after three years, then find ‘R’?
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62e0fcd555271b350333ad52- 15%true
- 24%false
- 36%false
- 43%false
- 58%false
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Answer : 1. "5%"
Q: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
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5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
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