Simple Interest Questions and answers

Simple Interest Questions and answers

1. Find the S.I. on Rs.16,000 for 3 years 3 months at 4 ½ % per annum?

1. Rs.5200                   2. Rs.1800                   3. Rs.2340                   4. None

 

1. Find the S.I. on Rs.12,000 for 8 years 4 months at 3% p. a.?

1. Rs.2000                   2. Rs.15000                 3. Rs.3000                   4. None

 

1. On what Sum of money will the S.I. for 7 years 6 months at 5% p.a. be Rs.450?

1. Rs.11,000                2. Rs.1200                   3. Rs.13000                 4. Rs.12,000

 

1. The S.I. on the certain Sum of money for 2 years at 8% p.a. is Rs.2560. What is the Sum?

1. Rs.16000                 2. Rs.15000                 3. Rs.13000                 4. None

 

1. In what time will the S.I. on Rs.4000 at 7.5% be Rs.1050?

1. 2 ½ years                 2. 5 ½ years                 3. 3 ½ years                 4. None

 

1. At what rate% per annum will the S.I. on Rs.2500 be Rs.750 for 3 years?

1. 15%                         2. 10%                         3. 20%                         4. None

 

1. What Sum will amount to Rs.3300 in 2 years 6 months at 15% p.a. S.I.?

1. Rs.2000                   2. Rs.2400                   3. Rs.2800                   4. Rs.2500

 

1. What Sum will amount to Rs.8160 in 4 ½ years at 8% p.a. S.I.?

1. Rs.6600                   2. Rs.5000                   3. Rs.6000                   4. 7000

 

1. In how many years will a Sum of money becomes double at 5% p.a. S.I.?

1. 18 years                   2. 20 years                   3. 15 years                   4. None

 

1. At what rate% p.a. a Sum of money becomes four times of itself in 15 years?

1. 8%                           2. 10%                         3. 15%                         4. 20%

 

1. At what rate% p.a. a Sum of money becomes three times in 12 years 6 months?

1. 15%                         2. 14%                         3. 16%                         4. None

 

1. A Sum of money becomes triple of itself in 8 years at S.I. In twelve years, it will become how many times at the same rate?

1. 6 times                     2. 4 times                     3. 5 times                     4. None

 

1. A Sum of money becomes double itself in 4 years. In twelve years, it will become how many times at the same rate?

1. 6 times                     2. 4 times                     3. 3 times                     4. None

 

1. A man deposited Rs.9000 in a bank at 6% p.a. for 4 years. For how many years, must another man deposit an amount of Rs.5400 at 5% p.a. in another bank so that both of them get the same interest?

1. 6 years                     2. 4 years                     3. 3 years                     4. None

 

1. A Sum of Rs.450 amounts to Rs.495 in two years. In what time will the Sum of Rs.820 amounts to Rs.943 at the same rate?

1. 3 years                     2. 2 years                     3. 6 years                     4. None

 

1. The S.I. on a Sum of money will be Rs.600 after 10 years. If the S.I. (or Principal) is tripled after 5 years find the total S.I. at the end of 10 years?

1. Rs.3000                   2. Rs.1200                   3. Rs.1000                   4. None

 

1. A certain Sum of money amounts to Rs.1680 in 3 years and to Rs.1920 in 7 years. What is the Sum?

1. Rs.3000                   2. Rs.1200                   3. Rs.1000                   4. None

 

 

1. A Sum of money amounts to Rs.3000 in 2 years and Rs.4250 in 7 years. What is rate% p.a.?

1. 9%                           2. 10%                         3. 3%                           4. 7%

 

1. A Sum of money amounts to Rs.312 at 4% p.a. interest, Rs.324 at 8% interest p.a. Find the Principal and time period?

1. Rs.300, 1 year          2. Rs.200, 1 year          3. Rs.100, 1 year          4. None

 

1. A Sum was put at S.I. at a certain rate for 3 years. Had it been at 1% higher rate, it would have fetched Rs.36 more. What is the Sum?

1. Rs.1000       2. Rs.1800       3. Rs.1200       4. Rs.1600