Simple Interest Questions and Answers
Practice ModeShowing 10 of 53 questions
Q1
At the rate of 6% p.a. simple interest, a sum of Rs. 2500 will earn how much interest by the end of 5 years ?
Answer: Option C
Q2
A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount will he pay to clear the debt after 4 years ?
Answer: Option C
Q3
If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a. then the gain of B (in Rs.) in a period of 3 years is :
Answer: Option C
Q4
Avinash borrowed Rs. 5000 from Sanjay at simple interest. After 3 years, Sanjay got Rs. 300 more than what he had given to Avinash. What was the rate of interest per annum?
Answer: Option A
Q5
Ashok took a loan of Rs. 15000 for 3 years at simple interest. If the total interest paid is R. 2700, what is the rate of interest per annum ?
Answer: Option B
Q6
Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the total interest paid was Rs. 1230, the principal was :
Answer: Option A
Q7
Satish took a loan at 10%p.a. S.I. After 4 years, he returned the principal along with the interest. If he returns in all Rs. 3500, what is the principal amount ?
Answer: Option B
Q8
Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
Answer: Option A
Q9
If Rs. 64 amount to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate percent per annum ?
Answer: Option D
Q10
The simple interest on a sum of money at 5% is Rs. 48 for 4 years. The simple interest on the same sum for 5 years at 4% will be :
Answer: Option B