Simple Interest Practice Question and Answer
8 Q: The simple interest on an amount of 2,800 at the end of 3 years is Rs 420. What will be the simple interest at Rs 3200 for the same rate and for the same period?
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5f1aa8c48ae6514e222d1dd8- 1Rs .480true
- 2Rs. 560false
- 3Rs. 440false
- 4Rs. 640false
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Answer : 1. "Rs .480"
Q: A certain sum becomes Rs. 1020 in 5 years and Rs. 1200 in 8 years at simple interest. What is the value of principal?
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5f0d75aafce67160728ea9a2- 1700false
- 2720true
- 3820false
- 4780false
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Answer : 2. "720"
Q: Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
1667 05f2cfa36b57ade01caff3a35
5f2cfa36b57ade01caff3a35- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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Answer : 3. "Rs 4600"
Q: How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.
1623 05f87f9df58d85e164c543e8b
5f87f9df58d85e164c543e8b- 1Rs. 1180false
- 2Rs. 1160true
- 3Rs. 1240false
- 4Rs. 1220false
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Answer : 2. "Rs. 1160"
Q: Equal sum of money are lent to X and Y at 7.5 % per annum for a period of 4 years and 5 years respectively. If the difference in interest, paid by them was 150, the sum lent to each was
1597 05f0c4c729b26c36beb2cccb3
5f0c4c729b26c36beb2cccb3- 1₹ 2000true
- 2₹ 3000false
- 3₹ 500false
- 4₹ 1000false
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Answer : 1. "₹ 2000 "
Q: If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?
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5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?
1529 05df0b8d0004abe5c78f750c7
5df0b8d0004abe5c78f750c7- 13false
- 25false
- 36true
- 44false
- 5None of thesefalse
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Answer : 3. "6"
Q: The simple interest on a certain sum of money at the rate of 5 % per annum for 8 years is ₹ 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is?
1521 05d9dac3ae215617fef75f6d1
5d9dac3ae215617fef75f6d1- 17%false
- 28%true
- 39%false
- 410%false
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Answer : 2. "8%"
Explanation :
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