Simple Interest Questions and Answers

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Showing 10 of 53 questions
Q21
A sum was put at simple interest at a certain rate for 2 years. had it been put at 3 % higher rate. It would have  fetched Rs. 72 more. The sum is :
  • A Rs. 1200
  • B Rs. 1500
  • C Rs. 1600
  • D Rs. 1800
Answer: Option A
Q22
In how many years will a sum of money double itself at 12% per annum ?
  • A 6 years 9 months
  • B 7 years 6 months
  • C 8 years 3 months
  • D 8 years 4 months
Answer: Option D
Q23
If a sum of money doubles itself in 8 years at simple interest, the rate percent per annum is :
  • A 11.5
  • B 12
  • C 12.5
  • D 13
Answer: Option C
Q24
If a sum of money at simple interest doubles in 6 years, it will become 4 times in :
  • A 12 years
  • B 14 years
  • C 16 years
  • D 18 years
Answer: Option D
Q25
At a certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in :
  • A 12 years
  • B 15 years
  • C 20 years
  • D 30 years
Answer: Option C
Q26
The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is
  • A Rs. 4800
  • B Rs.6000
  • C Rs. 8000
  • D Data inadequate
Answer: Option D
Q27
A sum of money trebles itself in 15 years 6 months. In how many years would it doube itself ?
  • A 6 years 3 months
  • B 7 years 9 months
  • C 8 years 3 months
  • D 9 years 6 months
Answer: Option B
Q28
What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8% per annum?
  • A Rs. 65.60
  • B Rs. 100
  • C Rs. 166.40
  • D Rs. 120
Answer: Option B
Q29
The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth year ?
  • A Rs. 600
  • B Rs. 900
  • C Rs. 1200
  • D Datainadequate
Answer: Option B
Q30
The rate of interest on a sum of money is 4% p.a. for the first 2 years 6% p.a. for the next 3 years and 8% p.a. for the period beyond 5 years. If the simple interest accured by the sum for a total period of 8 years is Rs. 1280, what is the sum ?
  • A Rs. 1523
  • B Rs. 1680
  • C Rs. 2560
  • D Rs. 2840
Answer: Option C
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