Simple Interest Practice Question and Answer

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?

859 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 person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is-

854 1

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

Q:

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

852 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:

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

851 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"

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.

837 0

  • 1
    Rs. 375
    Correct
    Wrong
  • 2
    Rs. 275
    Correct
    Wrong
  • 3
    Rs. 225
    Correct
    Wrong
  • 4
    Rs. 325
    Correct
    Wrong
  • 5
    Rs. 250
    Correct
    Wrong
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Answer : 3. "Rs. 225"

Q:

A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.:

836 0

  • 1
    14
    Correct
    Wrong
  • 2
    28
    Correct
    Wrong
  • 3
    21
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 3. "21 "

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)

824 0

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

Q:

The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate  for 2 years is ₹170. The rate of interest is 

820 0

  • 1
    $$7{9\over 17}\%$$
    Correct
    Wrong
  • 2
    $$29{1\over 6}\%$$
    Correct
    Wrong
  • 3
    $$12{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$5{5\over 17}\%$$
    Correct
    Wrong
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Answer : 3. "$$12{1\over 2}\%$$"

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