Simple Interest Practice Question and Answer

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? 

356 0

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

Q:

In what time will ₹ 72 become ₹ 81 at $$6{1\over4}$$ % per annum simple interest?

345 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "2 years"
Explanation :

Q:

A man had ₹ 16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 in one year, the money lent at 4% per annum was

338 0

  • 1
    ₹12,000
    Correct
    Wrong
  • 2
    ₹ 8,000
    Correct
    Wrong
  • 3
    ₹ 10,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
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Answer : 3. "₹ 10,000 "
Explanation :

Q:

The simple interest on ₹ 7,300 from 11 May, 1987 to 10 September, 1987 (both days included) at 5% per annum is-

287 0

  • 1
    ₹ 123
    Correct
    Wrong
  • 2
    ₹ 103
    Correct
    Wrong
  • 3
    ₹ 200
    Correct
    Wrong
  • 4
    ₹ 223
    Correct
    Wrong
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Answer : 1. "₹ 123 "
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?

282 0

  • 1
    13.4%
    Correct
    Wrong
  • 2
    14.33%
    Correct
    Wrong
  • 3
    14.4%
    Correct
    Wrong
  • 4
    13.33%
    Correct
    Wrong
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Answer : 3. "14.4% "
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-

281 0

  • 1
    $$2{8\over21}$$
    Correct
    Wrong
  • 2
    $$2{7\over20}$$
    Correct
    Wrong
  • 3
    $$3{8\over21}$$
    Correct
    Wrong
  • 4
    $$4{8\over21}$$
    Correct
    Wrong
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Answer : 1. "$$2{8\over21}$$"
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?

266 0

  • 1
    1700
    Correct
    Wrong
  • 2
    1800
    Correct
    Wrong
  • 3
    1900
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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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

264 0

  • 1
    10%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    20%
    Correct
    Wrong
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Answer : 1. "10% "
Explanation :

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