Home Uncategorized Simple Interest Practice Sets Uncategorized Simple Interest Practice Sets By Sanjeev Kumar - July 21, 2021 Facebook Twitter Google+ Pinterest WhatsApp Set 1 31 Simple Interest Set 1 Simple Interest Set 1 1 / 10 A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: Rs. 690 Rs. 698 Rs. 650 Rs. 700 2 / 10 A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was: Rs. 20,000 Rs. 10,000 Rs. 15,000 Rs. 2000 3 / 10 A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? 6% 5% 4% 3% 4 / 10 Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? Rs. 7500 Rs. 7200 Rs. 6500 Rs. 6400 5 / 10 A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? 6% 3.6% 4.5% 5% None of these 6 / 10 How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? 4.5 years 3.5 years 4 years 5 years 7 / 10 A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is: 7% 57/8% 10% 5% 8 / 10 An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes: 10.5% None of these 10.25% 10% 9 / 10 A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum? Rs. 8900 Rs. 4462.50 Rs. 8925 Rs. 8032.50 10 / 10 Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? 6 18 3.6 None of these Your score is The average score is 54% LinkedIn Facebook Twitter 0% Restart quiz Set 2 10 Simple Interest Set 2 Simple Interest Set 2 1 / 10 Find out the capital required to earn a monthly interest of Rs. 210 at 7 % simple interest. Rs. 36000 Rs. 18000 Rs. 24000 Rs. 30000 2 / 10 What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? 1 : 3 None of these 1 : 4 2 : 3 3 / 10 The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is? Rs. 1,750 Rs. 1,650 Rs. 1,550 Rs. 1,750 4 / 10 A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned? Rs. 245 Rs. 350 Rs. 35 None of these 5 / 10 A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is: 8% 5% 12% 15% 6 / 10 Abha took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? 12% 3% 6% 9% 7 / 10 A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year. Rs. 125 Rs. 112.50 Rs. 225 Rs. 167.50 8 / 10 Rs.2500 is divided into two parts such that if one part be put out at 5% simple interest and the other at 6%, the yearly annual income may be Rs.140. How much was lent at 5%? Rs. 1,200 Rs. 1,500 Rs. 1,300 Rs. 1,000 9 / 10 A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: Rs. 698 Rs. 590 Rs. 700 Rs. 668 10 / 10 How much Simple Interest can a person get on Rs. 8,200 at 17.5% p.a. for a period of 2 years and 6 months? Rs. 3,587.50 Rs. 2,850 Rs. 3,750 Rs. 3,770.50 Your score is The average score is 60% LinkedIn Facebook Twitter 0% Restart quiz Set 3 7 Simple Interest Set 3 Simple Interest Set 3 1 / 10 If Rs. 460 amounts to Rs. 640 in 6 years, what will it amount to in 2 years at the same rate %? Rs. 700 Rs. 585 Rs. 640 Rs.520 2 / 10 A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will? 15 lakhs 17.5 lakhs 20 lakhs 21 lakhs 3 / 10 In what time will Rs. 25 become Rs. 37 at % p.a. simple interest? 5 Years 1/2 Years 3 Years 2 Years 4 / 10 The simple interest on a sum of money is of the principal and the number of years is equal to the rate % p.a. The rate % p.a. is 5 % 6% 8% 7% 5 / 10 Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal. Rate = 7% and Time = 7 years. Rate = 8% and Time = 8 years. Rate = 6% and Time = 6 years. 6 / 10 Anoop borrowed Rs. 800 at 6 % p.a. & Rs. 1200 at 7 % p.a. for the same duration. He had to pay Rs. 1584 in all as interest. Find the time period. 12 years 13 years 10 years 11 years 7 / 10 A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 25/4p.a for 2 years. Find his gain in the transaction per year Rs.150.25 Rs.167.50 Rs. 112.50 Rs.170 8 / 10 At what rate percent per annum will a sum of money double in 8 years. 11.5% 12.5% 14.5% 13.5% 9 / 10 A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: 700 698 650 690 10 / 10 A certain sum of money amounts to 7/4 of itself in 3 years. The rate percent p.a. is 20 % 25 % 15% 10 % Your score is The average score is 57% LinkedIn Facebook Twitter 0% Restart quiz Set 4 5 Simple Interest Set 4 Simple Interest Set 4 1 / 10 Find: S.l. on Rs 6250 at 14% per annum for 146 days. Rs.450 Rs.350 Rs.650 Rs.550 2 / 10 A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ? Rs.15000 Rs.12000 Rs.13000 Rs.16000 3 / 10 Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ? Rs. 245 Rs. 500 Rs. 635 Rs. 1250 4 / 10 A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay : Rs. 105 Rs. 115 Rs. 110 Rs. 100 5 / 10 The simple interest on Rs.10 for 4 months at the rate of 3 paise per month is 0.3 Paise 30 Paise 3 Paise 1.2 Paise 6 / 10 A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ?A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ?A Certain sum of money an amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is ? A) Rs. 2000 A) Rs. 1400 A) Rs. 1250 A) Rs. 1800 7 / 10 A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is ? 47/ 9 % 50/9 % 45/7 % 51/7 % 8 / 10 A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum? Rs.1400 Rs.1500 Rs.1200 Rs.1300 9 / 10 The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a. Â ? Rs. 22.5 Rs. 25 Rs. 2.5 Rs. 220 10 / 10 The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is 0.3% 0.4% 0.1% 0.2% Your score is The average score is 60% LinkedIn Facebook Twitter 0% Restart quiz RELATED ARTICLESMORE FROM AUTHOR Echosounders on Ship – Principle of Operation | Multibeam Echo Sounders centrifugal pump mcqs questions Pipes & Cistern Practice Sets LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.