Simple Interest Practice Question and Answer

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. 

1067 0

  • 1
    ₹ 920
    Correct
    Wrong
  • 2
    ₹ 1620
    Correct
    Wrong
  • 3
    ₹ 900
    Correct
    Wrong
  • 4
    ₹ 960
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 

1602 0

  • 1
    ₹ 3744
    Correct
    Wrong
  • 2
    ₹ 1872
    Correct
    Wrong
  • 3
    ₹ 1716
    Correct
    Wrong
  • 4
    ₹ 1560
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 3744 "

Q:

What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in $$ 1{1\over2}$$ years compounded half yearly ?

1811 0

  • 1
    Rs. 80,000
    Correct
    Wrong
  • 2
    Rs. 72,000
    Correct
    Wrong
  • 3
    Rs. 64,000
    Correct
    Wrong
  • 4
    Rs. 68,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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?

2264 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    $$ 33{1\over3}\%$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "30 %"

Q:

In what time will the simple interest be 2/5 of the principal at 8 percent per annum? 

1874 0

  • 1
    7 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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

796 0

  • 1
    ₹ 450
    Correct
    Wrong
  • 2
    ₹ 550
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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.

1068 0

  • 1
    735.905
    Correct
    Wrong
  • 2
    745.904
    Correct
    Wrong
  • 3
    735.904
    Correct
    Wrong
  • 4
    740.905
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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?

1130 0

  • 1
    Rs. 1500
    Correct
    Wrong
  • 2
    Rs. 1800
    Correct
    Wrong
  • 3
    Rs. 2000
    Correct
    Wrong
  • 4
    Rs. 2250
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 2000"

      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