Simple Interest Practice Question and Answer
8 Q: The simple interest on an amount at the rate of 13.5 p.c.p.a. for 10 years is Rs. 765.45. What is the sum?
860 05eb00fa38d1f47273b1d3be3
5eb00fa38d1f47273b1d3be3- 1Rs. 567true
- 2Rs. 885.95false
- 3Rs. 5670false
- 4Can't be determinedfalse
- 5None of thesefalse
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Answer : 1. "Rs. 567 "
Q: The simple interest accrued on an amount of Rs 16500 at the end of 3 years is Rs. 4950. What would be the compound interest accrued on the same amount at the same rate in the same period?
1327 05ea6d57c8127c42fd38d914c
5ea6d57c8127c42fd38d914c- 1Rs. 5462.9false
- 2Rs. 5461.5true
- 3Rs. 5641.2false
- 4Rs. 5621.3false
- 5Rs. 5162 4false
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Answer : 2. "Rs. 5461.5 "
Q: A took a certain sum as loan from bank at a rate of 8 % Simple Interest per annum. A lends the same amount to B at 12 % Simple interest per annum. If at the end of the five years. A made profit of Rs 800 form the deal, how much was the original sum?
2164 05ea6d11d5657c22f7803c0fc
5ea6d11d5657c22f7803c0fc- 1Rs. 6500false
- 2Rs. 4000true
- 3Rs. 6200false
- 4Rs. 6000false
- 5Rs. 4500false
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Answer : 2. "Rs. 4000 "
Q: If the difference between CI and SI for 3 years at the rate of 10% is Rs 31. Find the principle.
854 05e9d2e8b772f97276f50e3ad
5e9d2e8b772f97276f50e3ad- 1₹ 1,000true
- 2₹ 1,500false
- 3₹2,000false
- 4₹ 800false
- 5None of thesefalse
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Answer : 1. "₹ 1,000 "
Q: A person invested Rs 28000 at the rate of 8% per annum simple interest and Rs 26000 at the rate of 10% per annum compounded Interest compounded annually. What is the difference in the interest earned from two investments at the end of 3 years?
1157 05e8ffaee61b7c13fb890034b
5e8ffaee61b7c13fb890034b- 1Rs 3310false
- 2Rs 2418false
- 3Rs 1886true
- 4Rs 1284false
- 5Rs 960false
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Answer : 3. "Rs 1886 "
Q: If certain sum, at simple interest turns into thrice of actual amount in 4 years. Find out time to become the amount thirteen times of initial amount?
1174 05e8b06bebd0d850c66cb3da1
5e8b06bebd0d850c66cb3da1- 128 yrsfalse
- 226 yrsfalse
- 320 yrsfalse
- 424 yrstrue
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Answer : 4. "24 yrs"
Q: A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.:
836 05e86d358e378b64bed5ba96f
5e86d358e378b64bed5ba96f- 114false
- 228false
- 321true
- 410false
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Answer : 3. "21 "
Q: If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:
1655 05e8431eece19223edbcf9fe7
5e8431eece19223edbcf9fe7- 1Rs.90,000false
- 2Rs.96,000true
- 3Rs.88,000false
- 4Rs.1,00,000false
- 5None of thesefalse
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