Simple Interest Practice Question and Answer

Q:

₹ 1,000 is invested at 5% per annum simple interest. If the interest is added to the Aprincipal after every 10 years, the amount will become 2,000 after

414 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    18 years
    Correct
    Wrong
  • 3
    20 years
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

Q:

A certain sum amounts to ₹15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in$$1{1\over 2}$$ years at 10% p.a., if the interest is compounded half yearly (nearest to ₹1)?

398 0

  • 1
    ₹ 14,470
    Correct
    Wrong
  • 2
    ₹ 15,125
    Correct
    Wrong
  • 3
    ₹ 14,360
    Correct
    Wrong
  • 4
    ₹ 13,460
    Correct
    Wrong
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Answer : 1. "₹ 14,470"

Q:

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

394 0

  • 1
    700
    Correct
    Wrong
  • 2
    6500
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
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Answer : 4. "1500"
Explanation :

Q:

There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 15,000 after 3 years at the same rate of interest?

375 0

  • 1
    Rs. 4,565
    Correct
    Wrong
  • 2
    Rs. 5,000
    Correct
    Wrong
  • 3
    Rs. 4,550
    Correct
    Wrong
  • 4
    Rs. 4,695
    Correct
    Wrong
  • 5
    Rs. 4,965
    Correct
    Wrong
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Answer : 5. "Rs. 4,965"

Q:

A sum of money amounts to 5,200 in 5 years and to 5,680 in 7 years at simple interest. The rate of interest per annum is-

372 0

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

Q:

The amount ₹2,100 became ₹ 2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest?

367 0

  • 1
    ₹210
    Correct
    Wrong
  • 2
    ₹220
    Correct
    Wrong
  • 3
    ₹942
    Correct
    Wrong
  • 4
    ₹242
    Correct
    Wrong
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Answer : 1. "₹210"

Q:

What will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years and for 15 years respectively?

366 0

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

Q:

Atm of ₹2.400. amounts to ₹3,264 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to-

362 0

  • 1
    ₹3288
    Correct
    Wrong
  • 2
    ₹3340
    Correct
    Wrong
  • 3
    ₹3312
    Correct
    Wrong
  • 4
    ₹3360
    Correct
    Wrong
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Answer : 4. "₹3360"

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