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?

50312 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:

A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?

1992 0

  • 1
    15
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    27
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "32"

Q:

A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.

1111 0

  • 1
    2000
    Correct
    Wrong
  • 2
    2100
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
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Answer : 1. "2000 "

Q:

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is 

922 0

  • 1
    $$ 5{1\over2}$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7% "

Q:

In what time will the simple interest be $$ {2\over5} $$ of the principal at 8% per annum? 

751 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    7 years
    Correct
    Wrong
  • 3
    5 years
    Correct
    Wrong
  • 4
    6 years
    Correct
    Wrong
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Answer : 3. "5 years "

Q:

The simple interest accrued on an amount of Rs. 8500 at the end of four years is Rs.3400. What would be the compound interest accrued on the same amount at the same rate of interest after three years?

1046 0

  • 1
    ₹ 2560.25
    Correct
    Wrong
  • 2
    ₹ 2813.5
    Correct
    Wrong
  • 3
    ₹ 2740
    Correct
    Wrong
  • 4
    ₹ 2944
    Correct
    Wrong
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Answer : 2. "₹ 2813.5 "

Q:

Simple interest on a certain sum is equal to the sum itself. find the time if rate of interest and time are numerically equal.

1413 0

  • 1
    5
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    1
    Correct
    Wrong
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Answer : 3. "10"

Q:

The compound interest accrued on an amount of Rs. 22,000 at the end of two years is Rs. 5,596.8. What would be the simple interest accrued on the same amount at the same rate in the same period ? 

2472 0

  • 1
    Rs. 5,420
    Correct
    Wrong
  • 2
    Rs. 5,360
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs. 5,140
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 5,280 "

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