Simple Interest Practice Question and Answer

Q:

A sum of ₹ 1750 is divided into two parts such that the interests on the first part at 8 % simple interest per annum and that on the other part at 6 % simple interest per annum are equal. The interest on each part (in rupees) is 

1202 0

  • 1
    70
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    65
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "60"

Q:

A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal? 

1382 0

  • 1
    700
    Correct
    Wrong
  • 2
    720
    Correct
    Wrong
  • 3
    820
    Correct
    Wrong
  • 4
    780
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "720"

Q:

A sum of Rs. 400 becomes Rs. 448 at simple interest in 2 years. In how many years, will the sum of Rs. 550 amounts to Rs. 682 at the same rate?

1141 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "4 "

Q:

The simple interest on a sum of money for 10 year is Rs. 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs) obtained after 10 years? 

2432 0

  • 1
    9390
    Correct
    Wrong
  • 2
    15650
    Correct
    Wrong
  • 3
    6260
    Correct
    Wrong
  • 4
    7825
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "9390"

Q:

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

885 0

  • 1
    12%
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    8 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "12% "

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 

843 0

  • 1
    $$7{9\over 17}\%$$
    Correct
    Wrong
  • 2
    $$29{1\over 6}\%$$
    Correct
    Wrong
  • 3
    $$12{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$5{5\over 17}\%$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "$$12{1\over 2}\%$$"

Q:

Mr. Dutta desired to deposit his retirement benefit of ₹3 lacs partly to a post office and partly to a bank at 10 % and 6 %  simple interests respectively. If his monthly interest income was ₹ 2000, then the difference of his deposits in the post office and in the bank was -

1671 0

  • 1
    ₹ 40,000
    Correct
    Wrong
  • 2
    ₹ 50,000
    Correct
    Wrong
  • 3
    ₹ 1,00,000
    Correct
    Wrong
  • 4
    ₹ Nil
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ Nil "

Q:

A sum of money lent out at simple interest amounts to ₹720 after 2 years and 1020 after a further period of 5 years. Find the principal. 

942 0

  • 1
    ₹ 1740
    Correct
    Wrong
  • 2
    ₹ 120
    Correct
    Wrong
  • 3
    ₹ 6000
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 600 "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully