Simple Interest Practice Question and Answer
8 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 05e842dbd41a4013349c149b6
5e842dbd41a4013349c149b6- 13 yearfalse
- 24 yearfalse
- 35 yeartrue
- 46 yearfalse
- 5None of thesefalse
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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 05e6c8fb58fcee56af205b00b
5e6c8fb58fcee56af205b00b- 1Rs 5750true
- 2Rs 8500false
- 3Rs 5650false
- 4Rs 8250false
- 5None of thesefalse
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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 05e6b8485b88436739429103c
5e6b8485b88436739429103c- 1₹ 10,000false
- 2₹ 12,000false
- 3₹ 8,000true
- 4₹ 6,000false
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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 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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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 05dfca8da54723673b3fedd00
5dfca8da54723673b3fedd00- 15 %false
- 2$$ 6{2\over 3}\% $$true
- 36 %false
- 4$$ 8{2\over 3}\% $$false
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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 05df1f57dfb64ec452cb5ef9f
5df1f57dfb64ec452cb5ef9f- 112false
- 213true
- 315false
- 419false
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Answer : 2. "13 "
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?
1098 05df0b8d0004abe5c78f750c7
5df0b8d0004abe5c78f750c7- 13false
- 25false
- 36true
- 44false
- 5None of thesefalse
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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 05def35da806c5b05d54f0554
5def35da806c5b05d54f0554- 1520false
- 2570true
- 3620false
- 4670false
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