Simple Interest Practice Question and Answer
8 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 062ff7acffef7996822ddfa7c
62ff7acffef7996822ddfa7c- 1₹16667.00true
- 2₹15003.00false
- 3₹18000.00false
- 4None of the abovefalse
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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 06401de99cbcfaac053030577
6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false
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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 0644f9fed508d9a21f78e706d
644f9fed508d9a21f78e706d- 110 yearsfalse
- 27.5 yearstrue
- 38 yearsfalse
- 412.5 yearsfalse
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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 063d0c6d10d9e560db8e9f83c
63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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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 062fb5e9839a8157d97182f6f
62fb5e9839a8157d97182f6f- 15%false
- 26%true
- 34%false
- 48%false
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Answer : 2. "6%"
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
568 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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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 062fb6009047feb07925d7cd5
62fb6009047feb07925d7cd5- 11545true
- 21550false
- 31505false
- 41505false
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Answer : 1. "1545"
Q: A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.
564 064b50596e154aff53372df18
64b50596e154aff53372df18- 1$$38{2\over 9} \% $$false
- 2$$33{1\over 3} \% $$false
- 3$$27{1\over 9} \% $$false
- 4$$22{2\over 9} \% $$true
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