Simple Interest Questions

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  1. ₹800 becomes ₹956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will ₹800 become in 3 years?
  1. ₹ 1025
  2. ₹ 1050
  3. ₹ 1020.50
  4. ₹ 1052

View Answer

Answer is d

 

2. A man lent ₹60,000, partly at 5% and the rest at 4% simple interest. When the total annual interest is ₹2560, the money lent at 4% was

  1. ₹ 44000
  2. ₹ 45000
  3. ₹ 40000
  4. ₹ 30000

View Answer

Answer is a

 

3. The population of a village decreases at the rate of 20% per annum. When its population 2 years ago was 10,000, the present population

  1. 6400
  2. 6000
  3. 4600
  4. 7600

View Answer

Answer is a

 

4. If a sum of money amounts to ₹12,900 and ₹14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is

  1. 12%
  2. 20%
  3. 10%
  4. 18%

View Answer

Answer is d

 

5. Alipta got some amount of money from her father. In how many years will the ratio of the money and interest obtained from it be 10.3 at the rate of 6% simple interest per annum?

  1. 3 years
  2. 4 years
  3. 7 years
  4. 5 years

View Answer

Answer is d

 
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