Simple Interest Practice Question and Answer

Q:

The difference between C.I and S.I for 2 years is Rs. 9. Find the sum (in Rs.) if the rate is 15% per annum.

1077 0

  • 1
    400
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    700
    Correct
    Wrong
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Answer : 1. "400"

Q:

The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is - 

1172 0

  • 1
    0.1 %
    Correct
    Wrong
  • 2
    0.2 %
    Correct
    Wrong
  • 3
    0.3 %
    Correct
    Wrong
  • 4
    0.4 %
    Correct
    Wrong
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Answer : 3. "0.3 % "

Q:

What will be the difference between the compound interest and simple interest at the rate of 5% per annum on an amount of Rs 4000 at the end of 2 year?

2640 0

  • 1
    Rs 10
    Correct
    Wrong
  • 2
    Rs 20
    Correct
    Wrong
  • 3
    Rs 25
    Correct
    Wrong
  • 4
    Data inadequate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 10"

Q:

The simple interest on a certain sum of money at the rate of 5 % per annum for 8 years is ₹ 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is? 

1202 0

  • 1
    7%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "8%"
Explanation :

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Q: A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ? 2711 0

  • 1
    Rs. 484
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 512
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 512"

Q: A sum of money becomes $${7\over6}$$ of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is: 1550 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

Q: The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs. 42. The sum is : 2582 1

  • 1
    Rs. 210
    Correct
    Wrong
  • 2
    Rs. 280
    Correct
    Wrong
  • 3
    Rs. 750
    Correct
    Wrong
  • 4
    Rs. 840
    Correct
    Wrong
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Answer : 4. "Rs. 840"

Q:

Mr. Khanna took a loan of Rs 10,000 on simple interest for two years at the rate 3% per annum. The total amount that he will be paying as interest in 2 year is 3% of his monthly salary. What his monthly salary?

2019 0

  • 1
    Rs 30,000
    Correct
    Wrong
  • 2
    Rs 16,000
    Correct
    Wrong
  • 3
    Rs 20,000
    Correct
    Wrong
  • 4
    Rs 12,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 20,000"
Explanation :

3% of SI=PRT/100

10,000*3*2/100= 3 of x
then x =20,000

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