Simple Interest Practice Question and Answer

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.

4388 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
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "5 year"

Q:

Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?

1074 0

  • 1
    Rs 5750
    Correct
    Wrong
  • 2
    Rs 8500
    Correct
    Wrong
  • 3
    Rs 5650
    Correct
    Wrong
  • 4
    Rs 8250
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs 5750"

Q:

Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be – 

1570 0

  • 1
    ₹ 10,000
    Correct
    Wrong
  • 2
    ₹ 12,000
    Correct
    Wrong
  • 3
    ₹ 8,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 8,000 "

Q:

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1030 0

  • 1
    ₹ 484
    Correct
    Wrong
  • 2
    ₹ 560
    Correct
    Wrong
  • 3
    ₹ 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 512 "

Q:

The simple interest on a sum of money is 4 / 9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is 

1535 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    $$ 6{2\over 3}\% $$
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    $$ 8{2\over 3}\% $$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "$$ 6{2\over 3}\% $$"

Q:

Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum? 

1661 0

  • 1
    12
    Correct
    Wrong
  • 2
    13
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    19
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "13 "

Q:

In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?

1098 0

  • 1
    3
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    6
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "6"

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
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "570 "

      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