Simple Interest Practice Question and Answer

Q:

A sum of ₹ 800 amounts to ₹ 920 in 3 years at the simple interest rate. If the rate is increased by 3 % p.a., what will be the sum amount to in the same period? 

963 0

  • 1
    ₹ 942
    Correct
    Wrong
  • 2
    ₹ 982
    Correct
    Wrong
  • 3
    ₹ 992
    Correct
    Wrong
  • 4
    ₹ 962
    Correct
    Wrong
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Answer : 3. "₹ 992"

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1530 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1550 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is : 2660 0

  • 1
    $$5{1\over2}\%$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7%"
Explanation :

Q:

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1030 0

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

Q:

Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be – 

1570 0

  • 1
    ₹ 10,000
    Correct
    Wrong
  • 2
    ₹ 12,000
    Correct
    Wrong
  • 3
    ₹ 8,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
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Answer : 3. "₹ 8,000 "

Q:

A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was 

1667 0

  • 1
    ₹ 6840
    Correct
    Wrong
  • 2
    ₹ 7200
    Correct
    Wrong
  • 3
    ₹ 6400
    Correct
    Wrong
  • 4
    ₹ 6472
    Correct
    Wrong
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Answer : 2. "₹ 7200"

Q:

At what simple rate of interest a sum is double in 8 years?

818 1

  • 1
    11.0 %
    Correct
    Wrong
  • 2
    12.5 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    13.5 %
    Correct
    Wrong
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Answer : 2. "12.5 %"

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