Simple Interest Practice Question and Answer
8 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?
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5d9dac3ae215617fef75f6d1- 17%false
- 28%true
- 39%false
- 410%false
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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 05db034e8eb701b4db6e86ca7
5db034e8eb701b4db6e86ca7- 10.1 %false
- 20.2 %false
- 30.3 %true
- 40.4 %false
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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 05f632c3a3366f3388365fe45
5f632c3a3366f3388365fe45- 120%true
- 235 %false
- 325 %false
- 4None of thesefalse
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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 05e8b06bebd0d850c66cb3da1
5e8b06bebd0d850c66cb3da1- 128 yrsfalse
- 226 yrsfalse
- 320 yrsfalse
- 424 yrstrue
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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
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5f0d7b609b26c36beb30ca45- 170false
- 240false
- 360true
- 465false
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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 05f0c48cd9b26c36beb2cc5d0
5f0c48cd9b26c36beb2cc5d0- 114.4 %true
- 213.33 %false
- 313.4 %false
- 414.33 %false
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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 05f9be3223dfc3659c6979e00
5f9be3223dfc3659c6979e00- 1Rs. 400true
- 2Rs. 525false
- 3Rs. 425false
- 4Rs. 525false
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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
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5dca57bbf7c0852c4475b500- 1₹ 2,800false
- 2₹ 3,050false
- 3₹ 2,750false
- 4₹ 2,760true
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