Simple Interest Practice Question and Answer
8 Q: How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?
1812 05f87fa3c58d85e164c543f96
5f87fa3c58d85e164c543f96- 1Rs. 72false
- 2Rs. 368true
- 3Rs. 92false
- 4Rs. 455false
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Answer : 2. "Rs. 368"
Q: How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.
1230 05f87f9df58d85e164c543e8b
5f87f9df58d85e164c543e8b- 1Rs. 1180false
- 2Rs. 1160true
- 3Rs. 1240false
- 4Rs. 1220false
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Answer : 2. "Rs. 1160"
Q: At the rate of 8 % simple annual interest, if an amount becomes Rs. 819 in 3 years and 3 months, then what was the original amount?
986 05f87f636b7ad805e26c7b573
5f87f636b7ad805e26c7b573- 1Rs. 675false
- 2Rs. 700false
- 3Rs. 276false
- 4Rs. 650true
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Answer : 4. "Rs. 650"
Q: The simple interest of 7 years of money is Rs. 1750. If the rate of interest was 2% more per annum, how much interest would have been higher?
1081 05f8013e60a69ab3becc7b52f
5f8013e60a69ab3becc7b52f- 1Rs. 35false
- 2Rs. 245false
- 3Rs. 350false
- 4Cannot determinedtrue
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Answer : 4. "Cannot determined"
Q: A sum of money at double the rate of simple interest doubles itself in 10 years. In how much time will that amount be triple of itself?
742 05f76c8e6e487e60dced902dc
5f76c8e6e487e60dced902dc- 115 yearsfalse
- 218 yearsfalse
- 320 yearstrue
- 430 yearsfalse
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Answer : 3. "20 years"
Q: An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?
1107 05f632c3a3366f3388365fe45
5f632c3a3366f3388365fe45- 120%true
- 235 %false
- 325 %false
- 4None of thesefalse
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Answer : 1. "20%"
Q: Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.
1701 05f5af9e9dc518b408a417fac
5f5af9e9dc518b408a417fac- 1Rs. 1200false
- 2Rs. 1500false
- 3Rs. 1800false
- 4Rs. 2000true
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Answer : 4. "Rs. 2000"
Q: A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
1898 05f5aface69ed13038c19e82a
5f5aface69ed13038c19e82a- 1Rs.39,800false
- 2Rs.39,900true
- 3Rs.39,950false
- 4Rs.39,990false
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