Simple Interest Practice Question and Answer

Q:

A property fetches a net annual income of ₹1000 deducting all outgoings. The capitalized value of the property for the rate of interest 6% will be (in ₹) -

651 0

  • 1
    ₹16667.00
    Correct
    Wrong
  • 2
    ₹15003.00
    Correct
    Wrong
  • 3
    ₹18000.00
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 1. "₹16667.00"

Q:

If a sum of Rs. 12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is

595 0

  • 1
    1545
    Correct
    Wrong
  • 2
    1550
    Correct
    Wrong
  • 3
    1505
    Correct
    Wrong
  • 4
    1505
    Correct
    Wrong
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Answer : 1. "1545"

Q:

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

601 0

  • 1
    5%
    Correct
    Wrong
  • 2
    6%
    Correct
    Wrong
  • 3
    4%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 2. "6%"

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?

1312 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
  • 5
    12 %
    Correct
    Wrong
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Answer : 3. "25 %"

Q:

A man invested Rs.25000 on simple interest at R% p.a. If interest received by man is three twentieth of the principal after three years, then find ‘R’?

910 0

  • 1
    5%
    Correct
    Wrong
  • 2
    4%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    3%
    Correct
    Wrong
  • 5
    8%
    Correct
    Wrong
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Answer : 1. "5%"

Q:

The simple interest on a certain sum at 15% per annum for 5 year is Rs1500 more to the simple interest on the same at 12% per annum for the same period. Find the sum-

670 0

  • 1
    Rs 12000
    Correct
    Wrong
  • 2
    Rs 12500
    Correct
    Wrong
  • 3
    Rs 8000
    Correct
    Wrong
  • 4
    Rs 10000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Rs 10000"

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 

1444 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"

Q:

The simple interest on a sum  of money is $$8\over 25$$ of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annum is 

770 0

  • 1
    6%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    4%
    Correct
    Wrong
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Answer : 2. "8%"

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