Simple Interest Practice Question and Answer

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

358 0

  • 1
    ₹12,000
    Correct
    Wrong
  • 2
    ₹ 8,000
    Correct
    Wrong
  • 3
    ₹ 10,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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-

305 0

  • 1
    ₹ 123
    Correct
    Wrong
  • 2
    ₹ 103
    Correct
    Wrong
  • 3
    ₹ 200
    Correct
    Wrong
  • 4
    ₹ 223
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 123 "
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-

290 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
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$2{8\over21}$$"
Explanation :

Q:

A person borrows 5,000 for 2 years at 4 % per annum simple interest. He immediately lends it to another person at $$6{1\over 4}\%  $$ per annum simple interest for 2 years. His gain in this transaction is 

960 1

  • 1
    ₹ 225
    Correct
    Wrong
  • 2
    ₹ 150
    Correct
    Wrong
  • 3
    ₹ 112.50
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 225 "
Explanation :

Q:

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

361 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    2 years 6 months
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "2 years"
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?

292 0

  • 1
    1700
    Correct
    Wrong
  • 2
    1800
    Correct
    Wrong
  • 3
    1900
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "2000"
Explanation :

Q:

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

430 0

  • 1
    700
    Correct
    Wrong
  • 2
    6500
    Correct
    Wrong
  • 3
    4000
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "1500"
Explanation :

Q:

The total sum of amounts of A and B at the end of 4 years and 2 years respectively on the same principal is Rs. 20,020. If A is charged Simple interest at the rate 10% and B is charged Compound interest at the rate 5%. The principal is?

523 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 7,500
    Correct
    Wrong
  • 3
    Rs. 2,500
    Correct
    Wrong
  • 4
    Rs. 8,000
    Correct
    Wrong
  • 5
    Rs. 6,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 8,000"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully