Simple Interest Practice Question and Answer
8 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 060990bd6c4aedb3e8066a196
60990bd6c4aedb3e8066a196- 120 yearsfalse
- 216 yearsfalse
- 324 yearstrue
- 430 yearsfalse
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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 05f0d47be9b26c36beb2fd731
5f0d47be9b26c36beb2fd731- 15 yearsfalse
- 27 yearsfalse
- 31 yearsfalse
- 43 yearstrue
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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 05fd874de6c22b74b3a9ee9d4
5fd874de6c22b74b3a9ee9d4- 115 yearsfalse
- 2true
years - 3false
years - 440 yearsfalse
- 5None of thesefalse
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Answer : 2. " years "
Q: If an amount doubles automatically in 8 years, then what is the interest rate?
903 05fb39b2b75c7de676fb32579
5fb39b2b75c7de676fb32579- 1true
- 2false
- 35 %false
- 4false
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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 05ef153568022cc4acbbe17ac
5ef153568022cc4acbbe17ac- 1₹ 450false
- 2₹ 550false
- 3₹ 750false
- 4₹ 600true
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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 060373fd19792c13b285804f3
60373fd19792c13b285804f3- 1Rs. 484false
- 2Rs. 560false
- 3Rs. 512true
- 4None of thesefalse
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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 0602259583fb46f5722f78d80
602259583fb46f5722f78d80- 1Rs. 3,400false
- 2Rs. 3,600true
- 3Rs. 3,200false
- 4Rs. 3,000false
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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 05fe1b9ffce32c8585c7382d9
5fe1b9ffce32c8585c7382d9- 10.35 %false
- 20.25 %true
- 30.45 %false
- 40.55 %false
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