Simple Interest Practice Question and Answer

Q:

A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest?

2262 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    $$ 33{1\over3}\%$$
    Correct
    Wrong
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Answer : 3. "30 %"

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:

A took a certain sum as loan from bank at a rate of 8 % Simple Interest per annum. A lends the same amount to B at 12 % Simple interest per annum. If at the end of the five years. A made profit of Rs 800 form the deal, how much was the original sum? 

2163 0

  • 1
    Rs. 6500
    Correct
    Wrong
  • 2
    Rs. 4000
    Correct
    Wrong
  • 3
    Rs. 6200
    Correct
    Wrong
  • 4
    Rs. 6000
    Correct
    Wrong
  • 5
    Rs. 4500
    Correct
    Wrong
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Answer : 2. "Rs. 4000 "

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Answer : 2. "₹ 9,000"

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?

2016 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 money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?

1989 0

  • 1
    15
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    27
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "32"

Q:

A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?

1898 0

  • 1
    Rs.39,800
    Correct
    Wrong
  • 2
    Rs.39,900
    Correct
    Wrong
  • 3
    Rs.39,950
    Correct
    Wrong
  • 4
    Rs.39,990
    Correct
    Wrong
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Answer : 2. "Rs.39,900"

Q:

In what time will the simple interest be 2/5 of the principal at 8 percent per annum? 

1872 0

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

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