Simple Interest Practice Question and Answer
8 Q: A takes a loan of Rs. 1500 from a bank at the rate of 10% simple interest for 3 years and lends to B at the rate of 15% for the same time period. Find the overall profit of A in the whole transaction.
879 064e7534f3be218b6cdc7ee06
64e7534f3be218b6cdc7ee06- 1Rs. 375false
- 2Rs. 275false
- 3Rs. 225true
- 4Rs. 325false
- 5Rs. 250false
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Answer : 3. "Rs. 225"
Q: A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is
440 064e5e57e646d8ab6ebd7ae4c
64e5e57e646d8ab6ebd7ae4c- 1Rs. 96000false
- 2Rs. 80000false
- 3Rs. 48000false
- 4Rs. 60000false
- 5None of thesetrue
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Answer : 5. "None of these "
Q: There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 15,000 after 3 years at the same rate of interest?
405 064dc7b34d4a4292bfff35744
64dc7b34d4a4292bfff35744- 1Rs. 4,565false
- 2Rs. 5,000false
- 3Rs. 4,550false
- 4Rs. 4,695false
- 5Rs. 4,965true
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Answer : 5. "Rs. 4,965"
Q: A certain sum amounts to ₹15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in$$1{1\over 2}$$ years at 10% p.a., if the interest is compounded half yearly (nearest to ₹1)?
415 064be676823047f4c71dc9c42
64be676823047f4c71dc9c42- 1₹ 14,470true
- 2₹ 15,125false
- 3₹ 14,360false
- 4₹ 13,460false
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Answer : 1. "₹ 14,470"
Q: A sum triple itself in 9 years at simple interest. Find the rate of interest per annum is.
585 064b50596e154aff53372df18
64b50596e154aff53372df18- 1$$38{2\over 9} \% $$false
- 2$$33{1\over 3} \% $$false
- 3$$27{1\over 9} \% $$false
- 4$$22{2\over 9} \% $$true
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Answer : 4. "$$22{2\over 9} \% $$"
Q: What is the ratio of the simple interest earned on a certain amount at the rate of 21% per annum for 8 years to that earned on the same sum at the same rate for 21 years?
839 064a5449fdc607a4d2b2861b8
64a5449fdc607a4d2b2861b8- 18:21true
- 221:5false
- 35:21false
- 421:8false
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Answer : 1. "8:21 "
Q: In 5 years, the simple interest on an amount of Rs. X is $$2\over 5$$ of the principal. The rate of interest per annum is:
447 0649e789746047484bc7daf92
649e789746047484bc7daf92- 112%false
- 28%true
- 310%false
- 45%false
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Answer : 2. "8%"
Q: The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)
866 064953da1187426e0496a835f
64953da1187426e0496a835f- 1$$ 5{1\over 3}\% $$false
- 2$$ 3{1\over 3}\% $$false
- 3$$ 1{1\over 3}\% $$true
- 4$$ 2{1\over 3}\% $$false
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