Simple Interest Practice Question and Answer
8 Q: A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?
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63d0c6d10d9e560db8e9f83c- 120 %false
- 218 %false
- 325 %true
- 415 %false
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Answer : 3. "25 %"
Q:Answer the following questions
At a simple interest Rs. 3050 becomes Rs. 4026 in four years. If the interest rate was increased by 4% how much would Rs.7500 become in four years ?
447 063bd5b8e3d35cd0deed5d39a
63bd5b8e3d35cd0deed5d39a- 1Rs.13100false
- 2Rs.11200false
- 3Rs. 12100false
- 4Rs.11100true
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Answer : 4. "Rs.11100 "
Q:Answer the following questions
Anshul borrowed Rs.24800 from Deepak at 8% p.a. simple interest for 4 years. He then added some more money to the borrowed sum and lent it to Rajeev for the same period at 10% p.a. If Anshul gains Rs. 5184 in the whole transaction, how much money did he add from his side?
432 063bd5b308f5b1f774c45fb63
63bd5b308f5b1f774c45fb63- 1Rs. 8000true
- 2Rs. 8500false
- 3Rs. 7500false
- 4Rs. 9000false
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Answer : 1. "Rs. 8000 "
Q: In what time will the simple interest be $${2\over 5}$$ of the principle at 8 percent per annum ? 1139 05cfe008bbc9a366f2932575f
5cfe008bbc9a366f2932575f- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years"
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? 1500 05cfdff59bc9a366f2932575a
5cfdff59bc9a366f2932575a- 14%true
- 26%false
- 3$$5{2\over3}\%$$false
- 4$$6{2\over3}\%$$false
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Answer : 1. "4%"
Q: What would be the simple interest obtained on an amount of `6,535 at the rate of 10 % p.a. (percent per annum) after 6 years?
529 0639c8e074eaee21296c28ae4
639c8e074eaee21296c28ae4- 13414false
- 23921true
- 33807false
- 43149false
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Answer : 2. "3921"
Q: At what rate of simple interest will a sum of money double in 8 years?
520 0630ded7b4e3bf85cbe748c56
630ded7b4e3bf85cbe748c56- 116%false
- 214%false
- 312.5%true
- 48%false
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Answer : 3. "12.5%"
Q: Rinky borrowed a certain sum of money from Kajal under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next 2 years, 12% p.a. after the first 8 years. Find the amount which a sum of Rs. 9000 taken for 12 years becomes at the end of 12 years?
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630db3237c72c077845b7f7e- 1Rs. 23470false
- 2Rs. 24567false
- 3Rs. 20160true
- 4Rs. 22350false
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