Simple Interest Practice Question and Answer

Q:

If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?

50290 0

  • 1
    Rs. 12560
    Correct
    Wrong
  • 2
    Rs. 12960
    Correct
    Wrong
  • 3
    Rs. 13500
    Correct
    Wrong
  • 4
    Rs. 14500
    Correct
    Wrong
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Answer : 2. "Rs. 12960"

Q:

Sapna borrowed a certain sum of money from Kavita under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next 2 years, 12% p.a. after the first 8 years. Find the amount which a sum of Rs. 9000 taken for 12 years becomes at the end of 12 years?

5095 0

  • 1
    Rs. 20160
    Correct
    Wrong
  • 2
    Rs. 22350
    Correct
    Wrong
  • 3
    Rs. 23470
    Correct
    Wrong
  • 4
    Rs. 24567
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 20160"

Q:

Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid Rs 6,600 as interest while clearing the loan, find the time for which the loan was given.

4386 0

  • 1
    3 year
    Correct
    Wrong
  • 2
    4 year
    Correct
    Wrong
  • 3
    5 year
    Correct
    Wrong
  • 4
    6 year
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "5 year"

Q:

Rakesh invests Rs. 8000 at some rate of interest. Being simple interest the  money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at the same rate of interest. How much interest does Raj get?

3459 1

  • 1
    Rs. 3750
    Correct
    Wrong
  • 2
    Rs. 6250
    Correct
    Wrong
  • 3
    Rs. 3125
    Correct
    Wrong
  • 4
    Rs. 4250
    Correct
    Wrong
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Answer : 1. "Rs. 3750"

Q:

A certain sum becomes Rs 840 in 3 years and Rs 1200 in 7 years at simple interest. What is the value (in Rs) of principal? 

3350 0

  • 1
    520
    Correct
    Wrong
  • 2
    570
    Correct
    Wrong
  • 3
    620
    Correct
    Wrong
  • 4
    670
    Correct
    Wrong
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Answer : 2. "570 "

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Answer : 2. "₹ 10,000 "

Q:

Ratio of the principal and the amount after 5 year is 10:12. Then the rate of interest per annum is 

2828 0

  • 1
    8%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    16%
    Correct
    Wrong
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Answer : 2. "20% "

Q: A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ? 2711 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512"

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