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Simple Interest Questions and Answers PDF

This document provides 35 questions and answers related to simple interest calculations. It tests understanding of concepts like calculating interest earned on principal amounts invested at different rates for varying time periods, determining principal amounts based on interest earned, and calculating interest rates or time periods when some factors are given. The questions cover a range of simple interest word problems and many include the principal amount, interest rate, time, and interest earned to solve for an unknown variable.

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Niel Gupta
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
10K views

Simple Interest Questions and Answers PDF

This document provides 35 questions and answers related to simple interest calculations. It tests understanding of concepts like calculating interest earned on principal amounts invested at different rates for varying time periods, determining principal amounts based on interest earned, and calculating interest rates or time periods when some factors are given. The questions cover a range of simple interest word problems and many include the principal amount, interest rate, time, and interest earned to solve for an unknown variable.

Uploaded by

Niel Gupta
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SIMPLE INTEREST QUESTIONS AND ANSWERS

1. A man invested of his capital at 7%; at 8% and remainder at 10%. If his annual income is
Rs. 561, the capital is:
A. Rs. 5400
B. Rs. 6000
C. Rs. 6600
D. Rs. 7200
ANSWER : Rs. 6600
2. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 1% higher
rate. It would have fetched Rs. 24 more. The sum is:
A. Rs. 600
B. Rs. 1200
C. Rs. 800
D. Rs. 480
ANSWER : Rs. 1200
3. A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at
10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10%
is:
A. Rs. 1150
B. Rs. 1250
C. Rs. 1350
D. Rs. 1450
ANSWER : Rs. 1350
4. The difference between the interests received from two different banks on Rs. 500 for 2
years, is Rs. 2.50. The difference between their rates is:
A. 1%
B. 0.5%
C. 2.5%
D. 0.25%

ANSWER : 0.25%
5. What annual payment will discharge a debt of Rs. 580 due in 5 years, the rate being 8%
per annum?
A. Rs. 166.40
B. Rs. 65.60
C. Rs. 100
D. Rs. 120
ANSWER : Rs. 100
6. 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. date inadequate
ANSWER : Rs. 8000
7. A sum of money becomes (875) of itself in 5 years at a certain rate of interest. The rate per
cent per annum is:
A. 5%
B. 8%
C. 10%
D. 12%
ANSWER : 12%
8. A sum of money will double itself in 16 years at simple interest with yearly rate of:
A. 10%
B. 6 %
C. 8%
D. 16%
ANSWER : 6 %

9. A certain sum of money at simple interest amounts to Rs. 1012 in 2 years. The rate of
interest per annum is:
A. 2.5%
B. 3%
C. 4%
D. 5%
ANSWER : 4%
10. The simple interest on a certain sum for 3 years at 14% per annum is Rs. 235.20. The
sum is:
A. Rs.480
B. Rs. 560
C. Rs. 650
D. Rs. 720
ANSWER : Rs. 560
11. At a certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble
itself in:
A. 15 years
B. 20 years
C. 30 years
D. 12 years
ANSWER : 20 years
13. If the interest on Rs. 1200 be more than the interest on Rs. 1000 by Rs. 50 in 3 years, the
rate per cent is:
A. 10
B. 6
C. 8
D. 9
ANSWER : 8

14. The simple interest on a sum of money is of the principal and the number of years is
equal to the rate per cent per annum. The rate percent per annum is:
A. 3
B. 5
C. 7
D. 8
ANSWER : 3
15. In how many years will a sum of money double itself at 12% per annum:
A. 6 years 9 months
B. 8 years 3 months
C. 7 years 6 months
D. 8 years 6 months
ANSWER : 8 years 6 months
16. A sun of money, put at simple interest trebles itself in 15 years. The rate percent per
annum is:
A. 13 %
B. 16 %
C. 12 %
D. 20%
ANSWER : 13%
17. A certain sum of money at simple interest amounts of Rs. 1260 in 2 years and to Rs. 1350
in 5 years. The rate percent per annum is:
A. 2.5%
B. 5%
C. 3.75%
D. 7.5%
ANSWER : 2.5%
18. At simple interest, a sum doubles after 20 years. The rate of interest per annum is :
A. 5%

B. 20%
C. 12%
D. date inadequate
ANSWER : 5%
19. A sum of money amounts to Rs. 702 in 2 years and Rs. 783 in 3 years. The rate per cent is:
A. 12% per annum
B. 13% per annum
C. 14% per annum
D. 15% per annum
ANSWER : 15% per annum
20. A sum of money at simple interest amounts to Rs. 2240 in 2 years and Rs. 2600 in 5 years.
The sum is:
A. Rs. 1880
B. Rs. 2000
C. Rs. 2120
D. data inadequate
ANSWER : Rs. 2000
21. A money leader finds that due to a fall in the rate of interest from 13% to 12 % his yearly
income diminishes by Rs. 104. His capital is:
A. Rs. 21400
B. Rs. 20800
C. Rs. 22300
D. Rs. 24000
ANSWER : Rs. 20800
22. If Rs. 64 amount to Rs. 83.20 in 2 year, what will Rs. 86 amount to in 4 years at the same
rate per cent per annum?
A. Rs. 137.60
B. Rs. 124.70

C. Rs. 114.80
D. Rs. 127.40
ANSWER : Rs. 137.60
23. A sum of Rs. 2540 is lent out into two parts, one at 12% and another one at 12 %. If the
total annual income is Rs. 311.60, he money lent at 12% is:
A. Rs. 1180
B. Rs. 1360
C. Rs. 1240
D. Rs. 1340
ANSWER : Rs. 1180
24. Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased
by 3%. It would amount to how much?
A. Rs. 1056
B. Rs. 1112
C. Rs. 1182
D. Rs. 992
ANSWER : Rs. 992
25. A sum of money amouns to Rs. 850 in 3 years and Rs. 925 in 4 years. The sum is:
A. Rs. 600
B. Rs. 575
C. Rs. 625
D. date inadequate
ANSWER : Rs. 600
26. A lent Rs. 600 to B for 2 years and Rs. 150 to C for 4 years and received altogether from
both Rs. 90 as simple interest. The rate of interest is:
A. 4%
B. 5%
C. 10%

D. 12%
ANSWER : 5%
27. 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 years?
A. Rs. 600
B. Rs. 900
C. Rs. 1200
D. data inadequae
ANSWER : Rs. 1200
28. If the amount of Rs. 360 in 3 years is Rs. 511.20, what will be the amount of Rs. 700 in 5
years?
A. Rs. 1190
B. Rs. 1230
C. Rs. 1060
D. Rs. 1225
ANSWER : Rs. 1190
29. Simple interest on a certain sum at a certain rate is of the sum. It the number
representing rate per cent and time in years be equal, then the time is:
A. 5 years
B. 6 years
C. 6 years
D. 7 years
ANSWER : 7 years
30. A man lends Rs. 10000 in four parts. If be gets 8% on Rs. 2000 7 on Rs. 4000 and 8 on Rs.
1400 what per cent must he get for the remainder, if the average interest is 8.13%?
A. 7%
B. 9%
C. 9
D. 10

ANSWER : 9%
31. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years.
The sum is:
A. Rs. 650
B. Rs. 690
C. Rs. 698
D. Rs. 700
Answer: Rs. 698
32.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?
A. Rs. 6400
B. Rs. 6500
C. Rs. 7200
D. Rs. 7500
E. None of these
Answer: Option A
33.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?
A.
B.
C.
D.
E.

Rs. 4462.50
Rs. 8032.50
Rs. 8900
Rs. 8925
None of these

Answer: Rs. 8925


34. 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?
A.
B.
C.
D.

3.5 years
4 years
4.5 years
5 years

Answer: Option B
35. 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?
A. 3.6
B. 6
C. 18

D. Cannot be determined
E. None of these
Answer: 6

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