Simple Interest Practice Question and Answer

Q:

A certain sum (in Rs.) is invested at simple interest at x% p.a. for 5 years. Had it been invested at (x+5)% p.a, the simple interest would have been Rs.9,200 more than the earlier one. What is the sum?

827 0

  • 1
    Rs. 36,800
    Correct
    Wrong
  • 2
    Rs. 36,400
    Correct
    Wrong
  • 3
    Rs. 35,800
    Correct
    Wrong
  • 4
    Rs.40,000
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "Rs. 36,800"

  • Show Answer
  • Workspace

Answer : 4. "1 : 8"

Q:

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-

791 1

  • 1
    Rs.9000
    Correct
    Wrong
  • 2
    Rs.9600
    Correct
    Wrong
  • 3
    Rs.7200
    Correct
    Wrong
  • 4
    Rs.8400
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "Rs.9600"

Q:

Ms. Deksha borrow Rs. 575 at 5 % per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

787 0

  • 1
    690
    Correct
    Wrong
  • 2
    115
    Correct
    Wrong
  • 3
    151
    Correct
    Wrong
  • 4
    960
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "690"

Q:

A person invests money in three different schemes 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

785 0

  • 1
    6: 3: 2
    Correct
    Wrong
  • 2
    2: 3: 4
    Correct
    Wrong
  • 3
    3: 4: 6
    Correct
    Wrong
  • 4
    3: 4: 2
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "6: 3: 2 "

Q:

The simple interest on an amount at the rate of 7 percent for five years is Rs 700. So how much is the principal?

781 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    2000
    Correct
    Wrong
  • 4
    2100
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "2000"

Q:

A property fetches a net annual income of ₹1000 deducting all outgoings. The capitalized value of the property for the rate of interest 6% will be (in ₹) -

775 0

  • 1
    ₹16667.00
    Correct
    Wrong
  • 2
    ₹15003.00
    Correct
    Wrong
  • 3
    ₹18000.00
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "₹16667.00"

Q:

A sum of money lent at simple interest amounts to ₹ 880 in 2 years and to ₹ 920 in 3 years. The sum of money (in rupees) is

767 0

  • 1
    784
    Correct
    Wrong
  • 2
    800
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    760
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "800"
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