Simple Interest Practice Question and Answer

Q:

A sum of money becomes 3 times in 12 years. In how many years it will become 5 times at the same rate of simple interest?

911 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    16 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    30 years
    Correct
    Wrong
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Answer : 3. "24 years "

Q:

In a certain time, the ratio of a certain principle and interest obtained from it are in the ratio 10 : 3 at 10 % interest per annum. The number of years for which the money was invested is? 

905 0

  • 1
    5 years
    Correct
    Wrong
  • 2
    7 years
    Correct
    Wrong
  • 3
    1 years
    Correct
    Wrong
  • 4
    3 years
    Correct
    Wrong
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Answer : 4. "3 years "

Q:

Rs. 2,000 is invested at 10% p.a. on simple interest. If that interest is added to the principal after every 20 years, the amount will become Rs. 14,000 after

904 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    years
    Correct
    Wrong
  • 3
    years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. " years "

Q:

If an amount doubles automatically in 8 years, then what is the interest rate?

903 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    5 %
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 1. ""

Q:

₹ 500 was invested at 12 % per annum simple interest and another certain sum of money invested at 10 % per annum simple interest . If the total interest on both the sum after 4 years is 480, the latter sum of money is

892 0

  • 1
    ₹ 450
    Correct
    Wrong
  • 2
    ₹ 550
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

Q:

The amount of Rs 400 becomes Rs 480 in 4 years. If the rate of interest is increased by 2 percent, how much will it be?

892 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512 "

Q:

A sum of money at simple interest amount to Rs.4800 in 3 years and Rs.5600 in the 5 years. The sum is

889 0

  • 1
    Rs. 3,400
    Correct
    Wrong
  • 2
    Rs. 3,600
    Correct
    Wrong
  • 3
    Rs. 3,200
    Correct
    Wrong
  • 4
    Rs. 3,000
    Correct
    Wrong
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Answer : 2. "Rs. 3,600"

Q:

If the difference of interest of two banks of Rs 500 is Rs 2.50, find the difference between their rates.

886 0

  • 1
    0.35 %
    Correct
    Wrong
  • 2
    0.25 %
    Correct
    Wrong
  • 3
    0.45 %
    Correct
    Wrong
  • 4
    0.55 %
    Correct
    Wrong
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Answer : 2. "0.25 %"

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