Simple Interest Practice Question and Answer
8 Q: The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is
1022 05dca5d75f7c0852c4475bc09
5dca5d75f7c0852c4475bc09- 1₹ 5000false
- 2₹35500false
- 3₹ 7300true
- 4₹3650false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "₹ 7300 "
Q: What equal installment of annual payment will discharge a debt which is due as ₹ 848 at the end of 4 years at 4 % per annum simple interest?
1021 05f0c49af6d43556009440c4f
5f0c49af6d43556009440c4f- 1₹ 250true
- 2₹ 225false
- 3₹ 212false
- 4₹ 200false
- Show Answer
- Workspace
- SingleChoice
Answer : 1. "₹ 250 "
Q: In what time will the annual simple interest rate at , 72 rupees becomes 81 rupees?
1018 05f8014474e4f797ddbd7c4de
5f8014474e4f797ddbd7c4de- 12 yeartrue
- 22 year 6 monthfalse
- 33 yearfalse
- 4None of thesefalse
- Show Answer
- Workspace
- SingleChoice
Answer : 1. " 2 year"
Q: The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)
1015 064953da1187426e0496a835f
64953da1187426e0496a835f- 1
- 2
- 3
- 4
- Show Answer
- Workspace
- SingleChoice
Answer : 3. " "
Q: A sum of money lent out at simple interest amounts to ₹720 after 2 years and 1020 after a further period of 5 years. Find the principal.
1014 05f0d59c8cec10557a8df13f9
5f0d59c8cec10557a8df13f9- 1₹ 1740false
- 2₹ 120false
- 3₹ 6000false
- 4₹ 600true
- Show Answer
- Workspace
- SingleChoice
Answer : 4. "₹ 600 "
Q: In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?
1014 16548d95399dc28caf0402d5e
6548d95399dc28caf0402d5e- 14 yearsfalse
- 23 yearstrue
- 35 yearsfalse
- 46 yearsfalse
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "3 years"
Explanation :
Q: If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum.
1008 05f0d81c76d4355600947fbae
5f0d81c76d4355600947fbae- 125%false
- 215%false
- 310%true
- 420%false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "10% "
Q: A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is
1007 05ec5f6e2980ff60a66c35c84
5ec5f6e2980ff60a66c35c84- 1false
- 28%false
- 37%true
- 46%false
- Show Answer
- Workspace
- SingleChoice