Simple Interest Practice Question and Answer

Q:

In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest?

784 0

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

Q:

A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?

782 0

  • 1
    9
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    8
    Correct
    Wrong
  • 4
    12
    Correct
    Wrong
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Answer : 1. "9"

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 

780 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:

The difference between the compound interest and simple interest of a certain sum of amount is rupees 256.40 for 4 years at 10% rate per annum. Find the sum of money?

780 0

  • 1
    4800
    Correct
    Wrong
  • 2
    6000
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    4500
    Correct
    Wrong
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Answer : 3. "4000"

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

766 0

  • 1
    3%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 4. "6%"
Explanation :

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?

765 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:

An amount doubles itself in 5 years simple interest. What is the rate of interest per year?

765 0

  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 1. "20%"

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?

754 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 "

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