Simple Interest Practice Question and Answer
8 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?
1129 05ee9aeeebc81cb2528ec1e14
5ee9aeeebc81cb2528ec1e14- 1Rs. 1500false
- 2Rs. 1800false
- 3Rs. 2000true
- 4Rs. 2250false
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Answer : 3. "Rs. 2000"
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?
1119 05f0d65989b26c36beb30748d
5f0d65989b26c36beb30748d- 13.5false
- 24true
- 32false
- 43false
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Answer : 2. "4 "
Q: In what time will the simple interest be $${2\over 5}$$ of the principle at 8 percent per annum ? 1115 05cfe008bbc9a366f2932575f
5cfe008bbc9a366f2932575f- 18 yearsfalse
- 27 yearsfalse
- 35 yearstrue
- 46 yearsfalse
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Answer : 3. "5 years"
Q: An amount doubles itself in 5 years with simple interest. What is the rate of interest per year?
1107 05f632c3a3366f3388365fe45
5f632c3a3366f3388365fe45- 120%true
- 235 %false
- 325 %false
- 4None of thesefalse
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Answer : 1. "20%"
Q: A certain amount of money earns Rs. 540 as simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years, find the amount.
1106 05ec71dd4eaf6d54c81d84edc
5ec71dd4eaf6d54c81d84edc- 12000true
- 22100false
- 31600false
- 41800false
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Answer : 1. "2000 "
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?
1098 05df0b8d0004abe5c78f750c7
5df0b8d0004abe5c78f750c7- 13false
- 25false
- 36true
- 44false
- 5None of thesefalse
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Answer : 3. "6"
Q: What would be the simple interest obtained on amount of Rs.6,535 at the rate of 10% Percent per annum after 6 years?
1082 05f0ec250f4c8bf4bad01db4d
5f0ec250f4c8bf4bad01db4d- 13,414false
- 23,807false
- 33,149false
- 43,921true
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Answer : 4. "3,921"
Q: The simple interest of 7 years of money is Rs. 1750. If the rate of interest was 2% more per annum, how much interest would have been higher?
1081 05f8013e60a69ab3becc7b52f
5f8013e60a69ab3becc7b52f- 1Rs. 35false
- 2Rs. 245false
- 3Rs. 350false
- 4Cannot determinedtrue
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