Simple Interest Practice Question and Answer

Q:

If the simple interest on ₹ 1 for 1 month is 1 paisa, then the rate percent per annum will be 

950 0

  • 1
    12%
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    8 %
    Correct
    Wrong
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Answer : 1. "12% "

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?

950 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:

The simple interest and the true discount on a certain sum for a given period and at a given rate are 25 and 20 respectively. The sum is 

939 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 200
    Correct
    Wrong
  • 3
    ₹ 250
    Correct
    Wrong
  • 4
    ₹ 100
    Correct
    Wrong
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Answer : 4. "₹ 100 "

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-

935 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:

At what simple rate of interest a sum is double in 8 years?

925 1

  • 1
    11.0 %
    Correct
    Wrong
  • 2
    12.5 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    13.5 %
    Correct
    Wrong
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Answer : 2. "12.5 %"

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.:

924 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 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 

918 0

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

Q:

2 years, a sum was put at SI at a certain rate. If the rate was 3 % higher, it would have fetched 300 more. What will be the sum? 

917 0

  • 1
    2500
    Correct
    Wrong
  • 2
    4484
    Correct
    Wrong
  • 3
    5000
    Correct
    Wrong
  • 4
    4800
    Correct
    Wrong
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Answer : 3. "5000 "

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