Simple Interest Practice Question and Answer
8 Q: A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?
465 0648723eee8d2170cb3a23c6b
648723eee8d2170cb3a23c6b- 121 yearsfalse
- 225 yearsfalse
- 328 yearstrue
- 423 yearsfalse
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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:
544 06481860c23e51f477708d12b
6481860c23e51f477708d12b- 1₹6,655false
- 2₹3,744false
- 3₹6,864true
- 4₹3,975false
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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?
501 064805956a33e0f47b7719e6b
64805956a33e0f47b7719e6b- 1$$2{2\over 3}\%$$false
- 2$$2{1\over 4}\%$$false
- 3$$2{1\over 2}\%$$true
- 4$$2{1\over 3}\%$$false
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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?
641 0644f9fed508d9a21f78e706d
644f9fed508d9a21f78e706d- 110 yearsfalse
- 27.5 yearstrue
- 38 yearsfalse
- 412.5 yearsfalse
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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?
380 0643d19d12d621da11696d0e1
643d19d12d621da11696d0e1- 13 : 5false
- 25 : 3false
- 35 : 2false
- 42 : 5true
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Answer : 4. "2 : 5"
Q: A sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
704 0642255deed76c064b8506f1b
642255deed76c064b8506f1b- 12 : 3false
- 23 : 5false
- 35 : 3false
- 41 : 8true
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Answer : 4. "1 : 8"
Q: Kirti invested a sum of money at a certain rate of simple interest per annum for 3 years in "Bachat scheme". Had she invested the same sum in "Shiksha scheme" for 3 years which has a 2% higher simple interest rate per annum, the investment would have fetched ₹540 more. How much did Kirti invest?
2062 06422557132185cce37079548
6422557132185cce37079548- 1₹ 9,500false
- 2₹ 9,000true
- 3₹ 7,000false
- 4₹ 8,000false
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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?
563 06401dd600fa4111f87190866
6401dd600fa4111f87190866- 1132.50false
- 2135.60false
- 3137.60true
- 4None of thesefalse
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