Simple Interest Practice Question and Answer
8 Q: A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid 720 as an interest. Find the amount borrowed by him.
1305 05f06ffde3f7f07047796b3a8
5f06ffde3f7f07047796b3a8- 1₹ 920false
- 2₹ 1620false
- 3₹ 900true
- 4₹ 960false
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Answer : 3. "₹ 900 "
Q: Ramesh deposited ₹ 15600 in a fixed deposit at the rate of 10 % per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of fourth year is
1702 05f043991d3626553adad5fd0
5f043991d3626553adad5fd0- 1₹ 3744true
- 2₹ 1872false
- 3₹ 1716false
- 4₹ 1560false
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Answer : 1. "₹ 3744 "
Q: What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in years compounded half yearly ?
1955 05efea963eb90be58c595fae7
5efea963eb90be58c595fae7- 1Rs. 80,000false
- 2Rs. 72,000false
- 3Rs. 64,000true
- 4Rs. 68,000false
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Answer : 3. "Rs. 64,000"
Q: A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?
2437 05ef18c3f7fed557ba2ab1ea8
5ef18c3f7fed557ba2ab1ea8- 120%false
- 225 %false
- 330 %true
- 4false
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Answer : 3. "30 %"
Q: In what time will the simple interest be 2/5 of the principal at 8 percent per annum?
2010 05ef5b6bddc58d02c6fe6afe4
5ef5b6bddc58d02c6fe6afe4- 17 yearsfalse
- 25 yearstrue
- 38 yearsfalse
- 46 yearsfalse
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Answer : 2. "5 years "
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
896 05ef153568022cc4acbbe17ac
5ef153568022cc4acbbe17ac- 1₹ 450false
- 2₹ 550false
- 3₹ 750false
- 4₹ 600true
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Answer : 4. "₹ 600 "
Q: What is the difference between the interest of Ram and Shyam in the given picture if Ram's money is on simple interest and Shyam's money is on compound interest.

1180 05ef056958022cc4acbba92eb
5ef056958022cc4acbba92eb- 1735.905false
- 2745.904true
- 3735.904false
- 4740.905false
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Answer : 2. "745.904"
Q: If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?
1377 05ee9aeeebc81cb2528ec1e14
5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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