Simple Interest Practice Question and Answer

Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2667 2

  • 1
    Rs. 5000
    Correct
    Wrong
  • 2
    Rs. 7500
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 15000
    Correct
    Wrong
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Answer : 2. "Rs. 7500"
Explanation :

Q: A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 year and 3 months. The rate of interest per annum is : 2658 0

  • 1
    $$5{1\over2}\%$$
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    6%
    Correct
    Wrong
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Answer : 3. "7%"
Explanation :

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?

2638 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 at 5% per annum for 3 years and 4 years differ by Rs. 42. The sum is : 2581 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:

At what rate percent per annum will a sum of Rs.5000 amount to Rs.6000 in 4 years?

2471 0

  • 1
    5%
    Correct
    Wrong
  • 2
    6%
    Correct
    Wrong
  • 3
    3.5%
    Correct
    Wrong
  • 4
    4%
    Correct
    Wrong
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Answer : 1. "5% "

Q:

The compound interest accrued on an amount of Rs. 22,000 at the end of two years is Rs. 5,596.8. What would be the simple interest accrued on the same amount at the same rate in the same period ? 

2470 0

  • 1
    Rs. 5,420
    Correct
    Wrong
  • 2
    Rs. 5,360
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs. 5,140
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 5,280 "

Q:

The simple interest on a sum of money for 10 year is Rs. 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs) obtained after 10 years? 

2407 0

  • 1
    9390
    Correct
    Wrong
  • 2
    15650
    Correct
    Wrong
  • 3
    6260
    Correct
    Wrong
  • 4
    7825
    Correct
    Wrong
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Answer : 1. "9390"

Q:

Aryan invested ₹ 5200 at 4 %, 6 % and 8 % per annum simple interest. At the end of the year, he got the same interest in all the three cases, find the money invested at 4%. 

2290 0

  • 1
    ₹ 2800
    Correct
    Wrong
  • 2
    ₹ 3000
    Correct
    Wrong
  • 3
    ₹ 2500
    Correct
    Wrong
  • 4
    ₹ 2400
    Correct
    Wrong
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Answer : 4. "₹ 2400 "

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