Simple Interest Practice Question and Answer

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? 

1308 0

  • 1
    7%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "8%"
Explanation :

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Q:

The difference between the simple interest between the simple interest received from two different sources on ₹ 1500 for 3 years is ₹ 13.50. The difference between their rate of interest is - 

1295 0

  • 1
    0.1 %
    Correct
    Wrong
  • 2
    0.2 %
    Correct
    Wrong
  • 3
    0.3 %
    Correct
    Wrong
  • 4
    0.4 %
    Correct
    Wrong
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Answer : 3. "0.3 % "

Q:

An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?

1294 0

  • 1
    20%
    Correct
    Wrong
  • 2
    35 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "20%"

Q:

If certain sum, at simple interest turns into thrice of actual amount in 4 years. Find out time to become the amount thirteen times of initial amount? 

1293 0

  • 1
    28 yrs
    Correct
    Wrong
  • 2
    26 yrs
    Correct
    Wrong
  • 3
    20 yrs
    Correct
    Wrong
  • 4
    24 yrs
    Correct
    Wrong
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Answer : 4. "24 yrs"

Q:

A sum of ₹ 1750 is divided into two parts such that the interests on the first part at 8 % simple interest per annum and that on the other part at 6 % simple interest per annum are equal. The interest on each part (in rupees) is 

1276 0

  • 1
    70
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    65
    Correct
    Wrong
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Answer : 3. "60"

Q:

A person lends 40 % of his sum of money at 15 % per annum, 50 % of rest at 10 % per annum and the rest at 18 % per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the whole sum? 

1274 0

  • 1
    14.4 %
    Correct
    Wrong
  • 2
    13.33 %
    Correct
    Wrong
  • 3
    13.4 %
    Correct
    Wrong
  • 4
    14.33 %
    Correct
    Wrong
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Answer : 1. "14.4 % "

Q:

The simple interest for four years is one fourth of the principal. At the same rate, which amount become Rs.450 total amount in 2 years?

1271 0

  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 525
    Correct
    Wrong
  • 3
    Rs. 425
    Correct
    Wrong
  • 4
    Rs. 525
    Correct
    Wrong
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Answer : 1. "Rs. 400 "

Q:

A sum of ₹ 7, 930 is divided into 3 parts and given at loan at 5 % simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of 

1270 0

  • 1
    ₹ 2,800
    Correct
    Wrong
  • 2
    ₹ 3,050
    Correct
    Wrong
  • 3
    ₹ 2,750
    Correct
    Wrong
  • 4
    ₹ 2,760
    Correct
    Wrong
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Answer : 4. "₹ 2,760 "

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