Simple Interest Practice Question and Answer

Q:

The difference between the simple interest and the compound interest on a certain amount at 5% for two years is 25, what is the amount?

555 0

  • 1
    8000
    Correct
    Wrong
  • 2
    9000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "10,000 "

Q:

 If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum? 

547 0

  • 1
    132.50
    Correct
    Wrong
  • 2
    135.60
    Correct
    Wrong
  • 3
    137.60
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "137.60"

Q:

What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?

535 0

  • 1
    5000
    Correct
    Wrong
  • 2
    7500
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    15000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "7500"

Q:

What sum will amount to ₹ 7000 in 5 years at $$3{1\over3}\%$$ simple interest ? 

534 0

  • 1
    6000
    Correct
    Wrong
  • 2
    5000
    Correct
    Wrong
  • 3
    6300
    Correct
    Wrong
  • 4
    6500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "6000 "
Explanation :

Q:

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after 

531 0

  • 1
    20 years
    Correct
    Wrong
  • 2
    30 years
    Correct
    Wrong
  • 3
    10 years
    Correct
    Wrong
  • 4
    22 years
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "20 years "

Q:

A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is:

522 0

  • 1
    ₹6,655
    Correct
    Wrong
  • 2
    ₹3,744
    Correct
    Wrong
  • 3
    ₹6,864
    Correct
    Wrong
  • 4
    ₹3,975
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹6,864"

  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 20160"

Q:

What would be the simple interest obtained on an amount of `6,535 at the rate of 10 % p.a. (percent per annum) after 6 years?

517 0

  • 1
    3414
    Correct
    Wrong
  • 2
    3921
    Correct
    Wrong
  • 3
    3807
    Correct
    Wrong
  • 4
    3149
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "3921"

      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