Simple Interest Practice Question and Answer

Q:

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at the rate of 6% simple interest per annum?

511 0

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

Q:

At some rate of simple interest, A lent ₹ 6,000 to B for 2 years and ₹ 1,500 to C for 4 years and received ₹ 9,00 as interest from both of them together. The rate of interest per annum was

507 0

  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "5% "
Explanation :

Q:

At what rate of simple interest will a sum of money double in 8 years?

497 0

  • 1
    16%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    12.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "12.5%"

Q:

The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?

495 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 7,500
    Correct
    Wrong
  • 3
    Rs. 2,500
    Correct
    Wrong
  • 4
    Rs. 8,000
    Correct
    Wrong
  • 5
    Rs. 6,000
    Correct
    Wrong
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Answer : 4. "Rs. 8,000"

Q:

What annual instalment will discharge a debt of ₹ 6450 due in 4 years at 5% simple interest?

484 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1835
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1950
    Correct
    Wrong
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Answer : 1. "1500 "
Explanation :

Q:

What is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in $$1{1\over 2}$$years?

480 0

  • 1
    $$2{2\over 3}\%$$
    Correct
    Wrong
  • 2
    $$2{1\over 4}\%$$
    Correct
    Wrong
  • 3
    $$2{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$2{1\over 3}\%$$
    Correct
    Wrong
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Answer : 3. "$$2{1\over 2}\%$$"

Q:

A sum of money at simple interest amounts to ₹ 1,012 in $$2{1\over2}\%$$ years and to ₹ 1,067.20 in 4 years. The rate of interest per annum is:

479 0

  • 1
    4%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
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Answer : 1. "4% "
Explanation :

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?

463 0

  • 1
    1800
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1500
    Correct
    Wrong
  • 4
    2800
    Correct
    Wrong
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Answer : 2. "1200"

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