Simple Interest Practice Question and Answer
8 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?
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Answer : 2. "1512 "
Q: Any money at the rate of simple interest becomes Rs 1143 in 3 years and Rs 1305 in 5 years Find the rate of principal and interest.
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- 2900 and 9%true
- 3850 and 8 %false
- 4800 and 4 %false
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Answer : 2. "900 and 9%"
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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Answer : 1. "5%"
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.
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Answer : 3. "10% "
Q: A principal increase by 50 percent in five years at the rate of simple interest. What will be the compound interest for 3 years at Rs 20,000 with the same interest rate?
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- 26620true
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Answer : 2. "6620"
Q: At what annual percentage rate, 10 years of simple interest on an amount will be $$ {2\over 5}$$ of the addition?
868 0602df6b4a503a25a4b89cf7c
602df6b4a503a25a4b89cf7c- 14 %false
- 26 %false
- 3$$ {5{2\over3}{\%}}$$false
- 4$$ {6{2\over3}{\%}}$$true
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Answer : 4. "$$ {6{2\over3}{\%}}$$"
Q: If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be
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Answer : 1. "12% "
Q: The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
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- 2Rs. 3true
- 3Rs. 3.75false
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- 5None of thesefalse
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