Simple Interest Practice Question and Answer

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?

2014 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

Q: A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are 2183 0

  • 1
    Rs. 4000, Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500, Rs. 5500
    Correct
    Wrong
  • 3
    Rs. 5000, Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 5500, Rs. 4500
    Correct
    Wrong
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Answer : 1. "Rs. 4000, Rs. 6000"

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1637 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
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Answer : 2. "$$6{2\over3}\%$$"

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: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1528 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

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: 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:

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

1030 0

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

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