Simple Interest Practice Question and Answer
8 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 05da057f000e22578c9e9a517
5da057f000e22578c9e9a517- 1Rs 10true
- 2Rs 20false
- 3Rs 25false
- 4Data inadequatefalse
- 5None of thesefalse
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Answer : 1. "Rs 10"
Q: The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is -
1171 05db034e8eb701b4db6e86ca7
5db034e8eb701b4db6e86ca7- 10.1 %false
- 20.2 %false
- 30.3 %true
- 40.4 %false
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Answer : 3. "0.3 % "
Q: The simple interest on a sum of money is 4 / 9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is
1532 05dfca8da54723673b3fedd00
5dfca8da54723673b3fedd00- 15 %false
- 2$$ 6{2\over 3}\% $$true
- 36 %false
- 4$$ 8{2\over 3}\% $$false
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Answer : 2. "$$ 6{2\over 3}\% $$"
Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1528 15b5cc6bee4d2b4197774d9a1
5b5cc6bee4d2b4197774d9a1- 130%false
- 225%true
- 322%false
- 418%false
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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 15cfdf50598d53c6bd3f9d354
5cfdf50598d53c6bd3f9d354- 1$$5{5\over9}\%$$true
- 2$$6{5\over9}\%$$false
- 318%false
- 425%false
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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 : 2659 05cfdfc5bbc9a366f2932574d
5cfdfc5bbc9a366f2932574d- 1$$5{1\over2}\%$$false
- 28%false
- 37%true
- 46%false
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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 05dad6e6855abe308d8014313
5dad6e6855abe308d8014313- 1₹ 484false
- 2₹ 560false
- 3₹ 512true
- 4None of thesefalse
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Answer : 3. "₹ 512 "
Q: Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be –
1569 05e6b8485b88436739429103c
5e6b8485b88436739429103c- 1₹ 10,000false
- 2₹ 12,000false
- 3₹ 8,000true
- 4₹ 6,000false
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