Simple Interest Practice Question and Answer

Q:

How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?

1812 0

  • 1
    Rs. 72
    Correct
    Wrong
  • 2
    Rs. 368
    Correct
    Wrong
  • 3
    Rs. 92
    Correct
    Wrong
  • 4
    Rs. 455
    Correct
    Wrong
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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 0

  • 1
    Rs. 1180
    Correct
    Wrong
  • 2
    Rs. 1160
    Correct
    Wrong
  • 3
    Rs. 1240
    Correct
    Wrong
  • 4
    Rs. 1220
    Correct
    Wrong
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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 0

  • 1
    Rs. 675
    Correct
    Wrong
  • 2
    Rs. 700
    Correct
    Wrong
  • 3
    Rs. 276
    Correct
    Wrong
  • 4
    Rs. 650
    Correct
    Wrong
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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 0

  • 1
    Rs. 35
    Correct
    Wrong
  • 2
    Rs. 245
    Correct
    Wrong
  • 3
    Rs. 350
    Correct
    Wrong
  • 4
    Cannot determined
    Correct
    Wrong
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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 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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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 0

  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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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 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1800
    Correct
    Wrong
  • 4
    Rs. 2000
    Correct
    Wrong
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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 0

  • 1
    Rs.39,800
    Correct
    Wrong
  • 2
    Rs.39,900
    Correct
    Wrong
  • 3
    Rs.39,950
    Correct
    Wrong
  • 4
    Rs.39,990
    Correct
    Wrong
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Answer : 2. "Rs.39,900"

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