Simple Interest Practice Question and Answer
8 Q: If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?
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5ee305602bf4c404464925b9- 1Rs. 12560false
- 2Rs. 12960true
- 3Rs. 13500false
- 4Rs. 14500false
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Answer : 2. "Rs. 12960"
Q: Sapna borrowed a certain sum of money from Kavita under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next 2 years, 12% p.a. after the first 8 years. Find the amount which a sum of Rs. 9000 taken for 12 years becomes at the end of 12 years?
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5fd1e1da4ae2934b44f63c6f- 1Rs. 20160true
- 2Rs. 22350false
- 3Rs. 23470false
- 4Rs. 24567false
- 5None of thesefalse
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Answer : 1. "Rs. 20160"
Q: Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid Rs 6,600 as interest while clearing the loan, find the time for which the loan was given.
4386 05e842dbd41a4013349c149b6
5e842dbd41a4013349c149b6- 13 yearfalse
- 24 yearfalse
- 35 yeartrue
- 46 yearfalse
- 5None of thesefalse
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Answer : 3. "5 year"
Q: Rakesh invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at the same rate of interest. How much interest does Raj get?
3459 15f4f642a0c72eb234932c979
5f4f642a0c72eb234932c979- 1Rs. 3750true
- 2Rs. 6250false
- 3Rs. 3125false
- 4Rs. 4250false
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Answer : 1. "Rs. 3750"
Q: A certain sum becomes Rs 840 in 3 years and Rs 1200 in 7 years at simple interest. What is the value (in Rs) of principal?
3350 05def35da806c5b05d54f0554
5def35da806c5b05d54f0554- 1520false
- 2570true
- 3620false
- 4670false
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Answer : 2. "570 "
Q: Ankur borrowed sum money from Megha at 8 % P.a simple interest and twice the amount from Harshita at 9 % P.a simple interest. He then added some more money of his own and lent the entire amount to Shalini at 10 % p.a simple interest. At the end of the year Ankur gained 14,000. If Ankur lend ₹ 40,000 to Shalini, then how much did Ankur borrow from Megha ?
3270 15f0d80e9fce67160728ec6b9
5f0d80e9fce67160728ec6b9- 1₹ 15,000false
- 2₹ 10,000true
- 3₹ 25,000false
- 4₹ 20,000false
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Answer : 2. "₹ 10,000 "
Q: Ratio of the principal and the amount after 5 year is 10:12. Then the rate of interest per annum is
2828 05f0d4876cec10557a8deaea7
5f0d4876cec10557a8deaea7- 18%false
- 220%true
- 312%false
- 416%false
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Answer : 2. "20% "
Q: A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ? 2711 05cfdfebd70433d6f12b54059
5cfdfebd70433d6f12b54059- 1Rs. 484false
- 2Rs. 560false
- 3Rs. 512true
- 4None of thesefalse
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