Simple Interest Practice Question and Answer
8 Q: What will be the difference between the compound interest and simple interest at the rate of 5% per annum on an amount of Rs 4000 at the end of 2 year?
2767 05da057f000e22578c9e9a517
5da057f000e22578c9e9a517- 1Rs 10true
- 2Rs 20false
- 3Rs 25false
- 4Data inadequatefalse
- 5None of thesefalse
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Answer : 1. "Rs 10"
Q: A person lends 40 % of his sum of money at 15 % per annum, 50 % of rest at 10 % per annum and the rest at 18 % per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?
1274 05f0c48cd9b26c36beb2cc5d0
5f0c48cd9b26c36beb2cc5d0- 114.4 %true
- 213.33 %false
- 313.4 %false
- 414.33 %false
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Answer : 1. "14.4 % "
Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1642 15b5cc6bee4d2b4197774d9a1
5b5cc6bee4d2b4197774d9a1- 130%false
- 225%true
- 322%false
- 418%false
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Answer : 2. "25%"
Q: A sum of money becomes of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1688 15cfdf50598d53c6bd3f9d354
5cfdf50598d53c6bd3f9d354- 1true
- 2false
- 318%false
- 425%false
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Answer : 1. " "
Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is : 2804 05cfdfc5bbc9a366f2932574d
5cfdfc5bbc9a366f2932574d- 1false
- 28%false
- 37%true
- 46%false
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Answer : 3. "7%"
Explanation :
Q: A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %?
1142 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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Answer : 3. "₹ 512 "
Q: Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be –
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5e6b8485b88436739429103c- 1₹ 10,000false
- 2₹ 12,000false
- 3₹ 8,000true
- 4₹ 6,000false
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Answer : 3. "₹ 8,000 "
Q: A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was
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5f0d469bfce67160728dd82a- 1₹ 6840false
- 2₹ 7200true
- 3₹ 6400false
- 4₹ 6472false
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