Simple Interest Practice Question and Answer
8 Q: What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in years compounded half yearly ?
1955 05efea963eb90be58c595fae7
5efea963eb90be58c595fae7- 1Rs. 80,000false
- 2Rs. 72,000false
- 3Rs. 64,000true
- 4Rs. 68,000false
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Answer : 3. "Rs. 64,000"
Q: How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?
1944 05f87fa3c58d85e164c543f96
5f87fa3c58d85e164c543f96- 1Rs. 72false
- 2Rs. 368true
- 3Rs. 92false
- 4Rs. 455false
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Answer : 2. "Rs. 368"
Q: ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years?
1914 05ddce6fe874e270a9a38f790
5ddce6fe874e270a9a38f790- 1₹ 1020.80false
- 2₹ 1025false
- 3₹ 1052true
- 4₹ 1050false
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Answer : 3. "₹ 1052 "
Explanation :
Q: The annual payment of Rs.1000 in 5 years at 4% per annum simple interest will discharge a debt of
1863 15fc4756ba5adbb0808cff0ef
5fc4756ba5adbb0808cff0ef- 1Rs.5440false
- 2Rs.5400true
- 3Rs.5600false
- 4Rs.5800false
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Answer : 2. "Rs.5400"
Q: The simple interest on a sum of money is of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1846 05cfdfdf770433d6f12b54050
5cfdfdf770433d6f12b54050- 15%false
- 2true
- 36%false
- 4false
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Answer : 2. " "
Q: Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.
1842 05f5af9e9dc518b408a417fac
5f5af9e9dc518b408a417fac- 1Rs. 1200false
- 2Rs. 1500false
- 3Rs. 1800false
- 4Rs. 2000true
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Answer : 4. "Rs. 2000"
Q: Mr. Dutta desired to deposit his retirement benefit of ₹3 lacs partly to a post office and partly to a bank at 10 % and 6 % simple interests respectively. If his monthly interest income was ₹ 2000, then the difference of his deposits in the post office and in the bank was -
1808 05f0d5ba96d4355600947531a
5f0d5ba96d4355600947531a- 1₹ 40,000false
- 2₹ 50,000false
- 3₹ 1,00,000false
- 4₹ Niltrue
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Answer : 4. "₹ Nil "
Q: A sum of money was lent at simple interest at certain rate for 3 years. Had it been lent at 2.5 % per annum higher rate, it would have fetched ₹ 540 more. The money lent was
1791 05f0d469bfce67160728dd82a
5f0d469bfce67160728dd82a- 1₹ 6840false
- 2₹ 7200true
- 3₹ 6400false
- 4₹ 6472false
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