In how many years will Rs. 4,800 earn a simple interest of Rs. 1,800 at 6.25% per annum?
Correct answer C. 6 years
Topic / 69 questions
Simple Interest MCQs
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A sum of money doubles itself in 12.5 years at simple interest. What is the rate of interest per annum?
Correct answer C. 8%
At 6.25% per annum simple interest, in how many years will a sum of money double itself?
Correct answer B. 16 years
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A sum of money becomes three times itself in 16 years at simple interest. What is the rate of interest per annum?
Correct answer A. 12.5%
A sum of money doubles in 9 years at simple interest. In how many years will it become five times itself at the same rate?
Correct answer C. 36 years
A sum lent at simple interest amounts to Rs. 7,392 in 2 years and to Rs. 8,316 in 3 years 6 months. What is the sum?
Correct answer A. Rs. 6,160
A sum amounts to Rs. 14,880 in 3 years and to Rs. 16,800 in 5 years at the same rate of simple interest. What is the rate of interest per annum?
Correct answer A. 8%
Nadia invests Rs. 18,000, part at 6% and the rest at 9% per annum simple interest. If her total yearly interest is Rs. 1,410, how much did she invest at 6%?
Correct answer B. Rs. 7,000
What is the ratio of the simple interest on a sum at 5% per annum for 4 years to the simple interest on the same sum at 8% per annum for 3 years?
Correct answer C. 5 : 6
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What is the simple interest on Rs. 7,300 at 9% per annum for 8 months?
Correct answer D. Rs. 438
What is the principal sum? I. The sum amounts to Rs. 690 in 3 years at S.I. II. The sum amounts to Rs. 750 in 5 years at S.I. III. The rate of interest is 5% p.a.
Correct answer E. Any two of the three
What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.
Correct answer B. II alone sufficient while I alone not sufficient to answer
What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.
Correct answer B. II alone sufficient while I alone not sufficient to answer
What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.
Correct answer B. II alone sufficient while I alone not sufficient to answer
The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.
Correct answer B. II alone sufficient while I alone not sufficient to answer
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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.
Correct answer A. Rs. 112.50
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?
Correct answer D. Cannot be determined
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?
Correct answer C. 2 : 3
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:
Correct answer C. 12%
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:
Correct answer C. Rs. 15,000