Simple Interest Practice Question and Answer
8 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
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624d63766dc29f5ccd0ea9d9- 1784false
- 2800true
- 3700false
- 4760false
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Answer : 2. "800"
Explanation :
Q: A sum of money becomes Rs 16000 in 6 years at the rate of 25% per annum simple interest. What is the total interest for 6 years?
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624315a7398e4a497b38c65a- 1Rs. 9600true
- 2Rs. 6000false
- 3Rs. 8400false
- 4Rs. 9000false
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Answer : 1. "Rs. 9600 "
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?
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63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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Answer : 3. "25 %"
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?
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644f9fed508d9a21f78e706d- 110 yearsfalse
- 27.5 yearstrue
- 38 yearsfalse
- 412.5 yearsfalse
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Answer : 2. "7.5 years"
Q: Mahesh invests a sum of money which becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. How much had he invested?
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63d2968d6071cf76fc1eb5ab- 11800false
- 21200true
- 31500false
- 42800false
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Answer : 2. "1200"
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
709 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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Answer : 4. "6.09%"
Q: The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is
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62fb5e9839a8157d97182f6f- 15%false
- 26%true
- 34%false
- 48%false
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Answer : 2. "6%"
Q: A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.
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64b50596e154aff53372df18- 1false
- 2false
- 3false
- 4true
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