Simple Interest Practice Question and Answer
8 Q: The simple interest accrued on an amount of Rs. 8500 at the end of four years is Rs.3400. What would be the compound interest accrued on the same amount at the same rate of interest after three years?
1443 05ebbcd71beb61d2288e2af07
5ebbcd71beb61d2288e2af07- 1₹ 2560.25false
- 2₹ 2813.5true
- 3₹ 2740false
- 4₹ 2944false
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Answer : 2. "₹ 2813.5 "
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.
1401 05f87f9df58d85e164c543e8b
5f87f9df58d85e164c543e8b- 1Rs. 1180false
- 2Rs. 1160true
- 3Rs. 1240false
- 4Rs. 1220false
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Answer : 2. "Rs. 1160"
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?
1353 05ee9aeeebc81cb2528ec1e14
5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
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
1321 05f0c4c729b26c36beb2cccb3
5f0c4c729b26c36beb2cccb3- 1₹ 2000true
- 2₹ 3000false
- 3₹ 500false
- 4₹ 1000false
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Answer : 1. "₹ 2000 "
Q: A person invested a sum of Rs. 18,600 at x% per year and another sum that is twice the former at (x+2)% per year, both at simple interest. If the total interest earned on both investments for years is Rs.23,110.50, then the rate of interest per year on the second investment is:
1310 05fc0db8396415e6951a97681
5fc0db8396415e6951a97681- 111 %false
- 212.5 %true
- 310.5 %false
- 413 %false
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Answer : 2. "12.5 %"
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?
1310 05df0b8d0004abe5c78f750c7
5df0b8d0004abe5c78f750c7- 13false
- 25false
- 36true
- 44false
- 5None of thesefalse
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Answer : 3. "6"
Q: A person invested Rs 28000 at the rate of 8% per annum simple interest and Rs 26000 at the rate of 10% per annum compounded Interest compounded annually. What is the difference in the interest earned from two investments at the end of 3 years?
1305 05e8ffaee61b7c13fb890034b
5e8ffaee61b7c13fb890034b- 1Rs 3310false
- 2Rs 2418false
- 3Rs 1886true
- 4Rs 1284false
- 5Rs 960false
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Answer : 3. "Rs 1886 "
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?
1293 05d9dac3ae215617fef75f6d1
5d9dac3ae215617fef75f6d1- 17%false
- 28%true
- 39%false
- 410%false
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Answer : 2. "8%"
Explanation :
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