Simple Interest Practice Question and Answer
8 Q: The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-
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65423d12c298bbcb028932f3- 1₹ 123true
- 2₹ 103false
- 3₹ 200false
- 4₹ 223false
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Answer : 1. "₹ 123 "
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?
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641054a856c45fd8d3ac4931- 1₹210true
- 2₹220false
- 3₹942false
- 4₹242false
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Answer : 1. "₹210"
Q: In what time will ₹8000, at 3% per annum, produce the same interest as ₹6000 does in 5 years at 4% simple interest is?
450 06410540956c45fd8d3ac4305
6410540956c45fd8d3ac4305- 15 yearstrue
- 26 yearsfalse
- 33 yearsfalse
- 44 yearsfalse
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Answer : 1. "5 years"
Q: In what time will ₹ 72 become ₹ 81 at % per annum simple interest?
439 065423a82dfda58cb3c9dc6f8
65423a82dfda58cb3c9dc6f8- 12 yearstrue
- 23 yearsfalse
- 32 years 6 monthsfalse
- 4None of thesefalse
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Answer : 1. "2 years"
Explanation :
Q: Manoj deposited ₹ 29400 for 6 years at a simple interest. He got ₹ 4200 as interest after 6 years. The annual rate of interest was-
413 065423c754a7ba1cb6049bb4a
65423c754a7ba1cb6049bb4a- 1true
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Answer : 1. " "
Explanation :
Q: A person lends 40% of his sum of money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum?
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65423f9adfda58cb3c9dd49b- 113.4%false
- 214.33%false
- 314.4%true
- 413.33%false
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Answer : 3. "14.4% "
Explanation :
Q: Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?
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6542399b99dc28caf02b42f2- 11700false
- 21800false
- 31900false
- 42000true
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Answer : 4. "2000"
Explanation :
Q: A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is
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65423f1cae39fbcb144f75f5- 110%true
- 25%false
- 315%false
- 420%false
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