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 

1177 0

  • 1
    70
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    65
    Correct
    Wrong
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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? 

1366 0

  • 1
    700
    Correct
    Wrong
  • 2
    720
    Correct
    Wrong
  • 3
    820
    Correct
    Wrong
  • 4
    780
    Correct
    Wrong
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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?

1119 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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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? 

2407 0

  • 1
    9390
    Correct
    Wrong
  • 2
    15650
    Correct
    Wrong
  • 3
    6260
    Correct
    Wrong
  • 4
    7825
    Correct
    Wrong
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Answer : 1. "9390"

Q:

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

865 0

  • 1
    12%
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    8 %
    Correct
    Wrong
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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 

820 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
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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 -

1626 0

  • 1
    ₹ 40,000
    Correct
    Wrong
  • 2
    ₹ 50,000
    Correct
    Wrong
  • 3
    ₹ 1,00,000
    Correct
    Wrong
  • 4
    ₹ Nil
    Correct
    Wrong
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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. 

917 0

  • 1
    ₹ 1740
    Correct
    Wrong
  • 2
    ₹ 120
    Correct
    Wrong
  • 3
    ₹ 6000
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 4. "₹ 600 "

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