Simple Interest Practice Question and Answer
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Q: If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
528 06401de1e35d86258ecd2aba4
6401de1e35d86258ecd2aba4- 120 yearstrue
- 230 yearsfalse
- 310 yearsfalse
- 422 yearsfalse
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Answer : 1. "20 years "
Q: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
565 06401dddaa9f6c7de51a5653a
6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true
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Answer : 4. "6.09%"
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 15cfdfae270433d6f12b5404b
5cfdfae270433d6f12b5404b- 10.1%false
- 20.2%false
- 30.3%true
- 40.4%false
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Answer : 3. "0.3%"
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
1631 05f0d7c746d4355600947f3bb
5f0d7c746d4355600947f3bb- 1₹ 8,700false
- 2₹ 19,000false
- 3₹ 8,500false
- 4₹ 17,400true
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Answer : 4. "₹ 17,400 "
Q: A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are 2183 05cfdfb7cbc9a366f29325748
5cfdfb7cbc9a366f29325748- 1Rs. 4000, Rs. 6000true
- 2Rs. 4500, Rs. 5500false
- 3Rs. 5000, Rs. 5000false
- 4Rs. 5500, Rs. 4500false
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Answer : 1. "Rs. 4000, Rs. 6000"
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 05cfdfdf770433d6f12b54050
5cfdfdf770433d6f12b54050- 15%false
- 2$$6{2\over3}\%$$true
- 36%false
- 4$$7{1\over5}\%$$false
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Answer : 2. "$$6{2\over3}\%$$"
Q: On a sum Rina earn a interest of Rs. 1519 at S.I. in 7 years at 7% p.a. Find the sum.
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63d29736484e510dd07155fe- 1Rs. 3100true
- 2Rs.3000false
- 3Rs.2800false
- 4Rs. 3200false
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Answer : 1. "Rs. 3100 "
Q: Mahesh invests a sum of money which becomes Rs. 1344 in 3 years and Rs. 1536 in 7 years. How much had he invested?
463 063d2968d6071cf76fc1eb5ab
63d2968d6071cf76fc1eb5ab- 11800false
- 21200true
- 31500false
- 42800false
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Answer : 2. "1200"
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