Simple Interest Practice Question and Answer

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

1000 0

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

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?

998 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:

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.

988 0

  • 1
    960 and 5 %
    Correct
    Wrong
  • 2
    900 and 9%
    Correct
    Wrong
  • 3
    850 and 8 %
    Correct
    Wrong
  • 4
    800 and 4 %
    Correct
    Wrong
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Answer : 2. "900 and 9%"

Q:

If the difference between CI and SI for 3 years at the rate of 10% is Rs 31. Find the principle.

985 0

  • 1
    ₹ 1,000
    Correct
    Wrong
  • 2
    ₹ 1,500
    Correct
    Wrong
  • 3
    ₹2,000
    Correct
    Wrong
  • 4
    ₹ 800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "₹ 1,000 "

Q:

At what annual percentage rate, 10 years of simple interest on an amount will be  of the addition?

980 0

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

Q:

The simple interest on an amount at the rate of 13.5 p.c.p.a. for 10 years is Rs. 765.45. What is the sum?

979 0

  • 1
    Rs. 567
    Correct
    Wrong
  • 2
    Rs. 885.95
    Correct
    Wrong
  • 3
    Rs. 5670
    Correct
    Wrong
  • 4
    Can't be determined
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 567 "

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?

979 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:

A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?

977 0

  • 1
    4 Years
    Correct
    Wrong
  • 2
    3 Years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    2½ Years
    Correct
    Wrong
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Answer : 2. "3 Years"

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