Simple Interest Practice Question and Answer

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 - 

1247 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:

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?

1246 0

  • 1
    Rs. 1500
    Correct
    Wrong
  • 2
    Rs. 1800
    Correct
    Wrong
  • 3
    Rs. 2000
    Correct
    Wrong
  • 4
    Rs. 2250
    Correct
    Wrong
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Answer : 3. "Rs. 2000"

Q:

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

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  • 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:

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?

1234 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:

In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?

1225 0

  • 1
    3
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    6
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "6"

Q: In what time will the simple interest be $${2\over 5}$$ of the principle at 8 percent per annum ? 1204 0

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

Q:

A sum of Rs. 400 becomes Rs. 448 at simple interest in 2 years. In how many years, will the sum of Rs. 550 amounts to Rs. 682 at the same rate?

1196 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "4 "

Q:

A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid 720 as an interest. Find the amount borrowed by him. 

1193 0

  • 1
    ₹ 920
    Correct
    Wrong
  • 2
    ₹ 1620
    Correct
    Wrong
  • 3
    ₹ 900
    Correct
    Wrong
  • 4
    ₹ 960
    Correct
    Wrong
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Answer : 3. "₹ 900 "

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