Simple Interest Practice Question and Answer

Q:

A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?

433 0

  • 1
    21 years
    Correct
    Wrong
  • 2
    25 years
    Correct
    Wrong
  • 3
    28 years
    Correct
    Wrong
  • 4
    23 years
    Correct
    Wrong
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Answer : 3. "28 years"

Q:

A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is:

519 0

  • 1
    ₹6,655
    Correct
    Wrong
  • 2
    ₹3,744
    Correct
    Wrong
  • 3
    ₹6,864
    Correct
    Wrong
  • 4
    ₹3,975
    Correct
    Wrong
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Answer : 3. "₹6,864"

Q:

What is the rate of interest per annum for simple interest at which Rs.880 amounts to Rs.913 in $$1{1\over 2}$$years?

473 0

  • 1
    $$2{2\over 3}\%$$
    Correct
    Wrong
  • 2
    $$2{1\over 4}\%$$
    Correct
    Wrong
  • 3
    $$2{1\over 2}\%$$
    Correct
    Wrong
  • 4
    $$2{1\over 3}\%$$
    Correct
    Wrong
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Answer : 3. "$$2{1\over 2}\%$$"

Q:

In how much time will a sum of Rs. 12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest?

618 0

  • 1
    10 years
    Correct
    Wrong
  • 2
    7.5 years
    Correct
    Wrong
  • 3
    8 years
    Correct
    Wrong
  • 4
    12.5 years
    Correct
    Wrong
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Answer : 2. "7.5 years"

Q:

What will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years and for 15 years respectively?

362 0

  • 1
    3 : 5
    Correct
    Wrong
  • 2
    5 : 3
    Correct
    Wrong
  • 3
    5 : 2
    Correct
    Wrong
  • 4
    2 : 5
    Correct
    Wrong
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Answer : 4. "2 : 5"

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Answer : 4. "1 : 8"

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Answer : 2. "₹ 9,000"

Q:

 If 64 amount to 83.20 in 2 years what will ₹ 86 amount to in 4 years at the same rate percent per annum? 

545 0

  • 1
    132.50
    Correct
    Wrong
  • 2
    135.60
    Correct
    Wrong
  • 3
    137.60
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "137.60"

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