Simple Interest Practice Question and Answer

Q:

The sum of money that will yield Rs. 60 as simple interest at the rate of 6% per annum in 5 years is-

447 0

  • 1
    200
    Correct
    Wrong
  • 2
    225
    Correct
    Wrong
  • 3
    175
    Correct
    Wrong
  • 4
    300
    Correct
    Wrong
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Answer : 1. "200 "
Explanation :

Q:

At what rate per cent per annum will a sum of money double in 8 years?

439 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    13.5%
    Correct
    Wrong
  • 3
    11.5%
    Correct
    Wrong
  • 4
    14.5%
    Correct
    Wrong
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Answer : 1. "12.5%"

Q:

A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

434 0

  • 1
    21 years
    Correct
    Wrong
  • 2
    25 years
    Correct
    Wrong
  • 3
    28 years
    Correct
    Wrong
  • 4
    23 years
    Correct
    Wrong
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Answer : 3. "28 years"

Q:

On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.

432 0

  • 1
    Rs. 3100
    Correct
    Wrong
  • 2
    Rs.3000
    Correct
    Wrong
  • 3
    Rs.2800
    Correct
    Wrong
  • 4
    Rs. 3200
    Correct
    Wrong
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Answer : 1. "Rs. 3100 "

Q:

Answer the following questions

At a simple interest Rs. 3050 becomes Rs. 4026 in four years. If the interest rate was increased by 4% how much would Rs.7500 become in four years ?

425 0

  • 1
    Rs.13100
    Correct
    Wrong
  • 2
    Rs.11200
    Correct
    Wrong
  • 3
    Rs. 12100
    Correct
    Wrong
  • 4
    Rs.11100
    Correct
    Wrong
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Answer : 4. "Rs.11100 "

Q:

In 5 years, the simple interest on an amount of Rs. X is $$2\over 5$$ of the principal. The rate of interest per annum is:

425 0

  • 1
    12%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "8%"

Q:

A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is

420 0

  • 1
    Rs. 96000
    Correct
    Wrong
  • 2
    Rs. 80000
    Correct
    Wrong
  • 3
    Rs. 48000
    Correct
    Wrong
  • 4
    Rs. 60000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these "

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Answer : 1. "Rs. 8000 "

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