Simple Interest Practice Question and Answer

Q:

What is the simple interest when Rs. 13000 get the interest Rs. 6,370 in the $$ {3{1\over 2}}$$ year?

1560 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    14 %
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 3. "14 %"

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 1

  • 1
    $$5{5\over9}\%$$
    Correct
    Wrong
  • 2
    $$6{5\over9}\%$$
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 1. "$$5{5\over9}\%$$"

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 0

  • 1
    5 %
    Correct
    Wrong
  • 2
    $$ 6{2\over 3}\% $$
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    $$ 8{2\over 3}\% $$
    Correct
    Wrong
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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 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9 % p. a. for the next five years and 13 % p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is ₹8,160, the money borrowed by him ( in ₹ ) was -  

1485 0

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

Q: At what rate percent per annum will the simple interest on a sum of money be $${2\over 5}$$ of the principal amount in 10 years? 1476 0

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

Q:

Megha invests an amount of Rs. 15,860 in the names of her three daughters A, B and C in such a way that they get the same interest after 2, 3 and 4 years respectively. If the rate of simple interest is 5 % p.a, then the ratio of the amounts invested among A, B and C will be – 

1448 0

  • 1
    6 : 7 : 8
    Correct
    Wrong
  • 2
    6 : 5 : 4
    Correct
    Wrong
  • 3
    5 : 10 : 12
    Correct
    Wrong
  • 4
    $${1\over 10}:{1\over 15}:{1\over 20}$$
    Correct
    Wrong
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Answer : 4. "$${1\over 10}:{1\over 15}:{1\over 20}$$"

Q:

A person borrows some money for 5 years and the ratio of the loan amount: total interest amount is 5 : 2. Then find the ratio of the loan amount: interest rate is equal to 

1426 0

  • 1
    5 : 2
    Correct
    Wrong
  • 2
    25 : 2
    Correct
    Wrong
  • 3
    2 : 25
    Correct
    Wrong
  • 4
    2 : 1
    Correct
    Wrong
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Answer : 2. "25 : 2"

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