Simple Interest Practice Question and Answer

Q: The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is : 1643 1

  • 1
    0.1%
    Correct
    Wrong
  • 2
    0.2%
    Correct
    Wrong
  • 3
    0.3%
    Correct
    Wrong
  • 4
    0.4%
    Correct
    Wrong
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Answer : 3. "0.3%"

Q: The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is : 1639 0

  • 1
    5%
    Correct
    Wrong
  • 2
    $$6{2\over3}\%$$
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    $$7{1\over5}\%$$
    Correct
    Wrong
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Answer : 2. "$$6{2\over3}\%$$"

Q:

₹ 26100 is divided between Ram and Shyam so that the interest that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4 % per annum then Ram's share is 

1629 0

  • 1
    ₹ 8,700
    Correct
    Wrong
  • 2
    ₹ 19,000
    Correct
    Wrong
  • 3
    ₹ 8,500
    Correct
    Wrong
  • 4
    ₹ 17,400
    Correct
    Wrong
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Answer : 4. "₹ 17,400 "

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 -

1626 0

  • 1
    ₹ 40,000
    Correct
    Wrong
  • 2
    ₹ 50,000
    Correct
    Wrong
  • 3
    ₹ 1,00,000
    Correct
    Wrong
  • 4
    ₹ Nil
    Correct
    Wrong
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Answer : 4. "₹ Nil "

Q:

Two equal sum were lent out at 7% and 5% S.I respectively. The interest earned on the two loans add up to ₹960 for 4 years. The total sum lent out is 

1615 0

  • 1
    ₹ 3500
    Correct
    Wrong
  • 2
    ₹ 2500
    Correct
    Wrong
  • 3
    ₹ 2000
    Correct
    Wrong
  • 4
    ₹ 3000
    Correct
    Wrong
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Answer : 3. "₹ 2000 "

Q:

Ramesh deposited ₹ 15600 in a fixed deposit at the rate of 10 % per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of fourth year is 

1602 0

  • 1
    ₹ 3744
    Correct
    Wrong
  • 2
    ₹ 1872
    Correct
    Wrong
  • 3
    ₹ 1716
    Correct
    Wrong
  • 4
    ₹ 1560
    Correct
    Wrong
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Answer : 1. "₹ 3744 "

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Answer : 5. "2 "

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 – 

1570 0

  • 1
    ₹ 10,000
    Correct
    Wrong
  • 2
    ₹ 12,000
    Correct
    Wrong
  • 3
    ₹ 8,000
    Correct
    Wrong
  • 4
    ₹ 6,000
    Correct
    Wrong
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Answer : 3. "₹ 8,000 "

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