Simple Interest Practice Question and Answer

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 ₹) -

632 0

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

Answer : 1. "₹16667.00"

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

631 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 AnswerHide Answer
  • Workspace

Answer : 1. "6: 3: 2 "

Q:

In how much time will a sum of Rs. 12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest?

620 0

  • 1
    10 years
    Correct
    Wrong
  • 2
    7.5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    12.5 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "7.5 years"

Q:

A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?

618 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "25 %"

Q:

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

579 0

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

Answer : 2. "6%"

Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is: 

568 0

  • 1
    6.06%
    Correct
    Wrong
  • 2
    6.07%
    Correct
    Wrong
  • 3
    6.08%
    Correct
    Wrong
  • 4
    6.09%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "6.09%"

Q:

If a sum of Rs. 12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is

567 0

  • 1
    1545
    Correct
    Wrong
  • 2
    1550
    Correct
    Wrong
  • 3
    1505
    Correct
    Wrong
  • 4
    1505
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "1545"

Q:

A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.

564 0

  • 1
    $$38{2\over 9} \% $$
    Correct
    Wrong
  • 2
    $$33{1\over 3} \% $$
    Correct
    Wrong
  • 3
    $$27{1\over 9} \% $$
    Correct
    Wrong
  • 4
    $$22{2\over 9} \% $$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "$$22{2\over 9} \% $$"

      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