Simple Interest - Quiz

Q: The simple interest on Rs. 4444 at 10% per annum for 6 months is ________.

A. Rs. 222.20
B. Rs. 206.32
C. Rs. 220.10
D. Rs. 122.20

Correct Option: A
Remarks:

Explanation: Here P = Rs. 4444; $$ \begin{array}{l} \mathrm{T}=6 \text { months }=\frac{6}{12}=\frac{1}{2} \text { year } \\ \therefore \mathrm{SI}=\frac{\text { PRT }}{100}=4444 \times 10 \times \frac{1}{2} \times \frac{1}{100}=\text { Rs. } 222.2 \end{array} $$

Q: Find the simple interest on Rs. 6840 at 5% per annum for the period from Oct 2, 2003 to 14 Dec 2003.

A. Rs. 68.40
B. Rs. 67.50
C. Rs. 62.40
D. Rs. 96.35

Correct Option: A
Remarks:

Explanation:

Q: Ramu borrowed certain amount from a money-lender at 13 1 4 % per annum under simple interest which amounts to Rs. 5500 after 5 years. The money borrowed by Ramu is _____________ (approximately).

A. Rs. 3008
B. Rs. 3308
C. Rs. 3002
D. Rs. 3600

Correct Option: B
Remarks:

Explanation:

Rs. 3308

Q: A certain sum of money amounts to Rs. 1200 in 5 years and to Rs. 1500 in 8 years under simple interest. The sum and rate of interest are and _ respectively.

A. \begin{equation}\text { Rs. } 700,15 \frac{2}{5} \%\end{equation}
B. \begin{equation}\text { Rs. } 600,14 \%\end{equation}
C. \begin{equation}\text { Rs. } 800,13 \%\end{equation}
D. \begin{equation}\text { Rs. } 700,14 \frac{2}{7} \%\end{equation}

Correct Option: D
Remarks:

Explanation:

Q: A fruit vendor borrowed a total of Rs. 50000 from two money lenders. For one lender, he paid 10% per annum and the other at 12% per annum under simple interest. The total interest paid after one year was Rs. 5800. The amount he borrowed at 12% is __________.

A. Rs. 32000
B. Rs. 40000
C. Rs. 10000
D. Rs. 44000

Correct Option: B
Remarks:

Explanation:

Q: John borrows money from a friend at a simple interest rate of 6% per year. He returned Rs. 15600 to his friend. How long did John take to return the money if he borrowed Rs. 12000?

A. 4 years
B. 5 years
C. 7 years
D. 5.5 years

Correct Option: B
Remarks:

Explanation: 5 years

Q: Amir paid Rs. 960 in interest on a loan he took out 1 years ago at a basic interest rate of 6%. What was the amount he borrowed?

A. 15000
B. 16000
C. 20000
D. 10000

Correct Option: B
Remarks:

Explanation:

Option B

Q: Ramesh put Rs. 1000 in Bank 1 for two years. He also put Rs. 1300 in Bank 2 for 1 years. In the end, he collected Rs. 330 in simple interest from both banks. What was the rate of interest?

A. 15%
B. 10%
C. 20%
D. 30%

Correct Option: B
Remarks:

Explanation: Option B

Q: Sanjay put some money in a bank at a 8% annual interest rate. He received Rs. 9000 after 10 years of simple interest. How much did he invested?

A. 10000
B. 5000
C. 2000
D. 1000

Correct Option: B
Remarks:

Explanation:

Q: The simple interest on a particular quantity of money in four years equals 9/25 of the principal. The yearly interest rate is

A. 10%
B. 9%
C. 8%
D. 10.5%

Correct Option: B
Remarks:

Explanation:

Simple Interest - Quiz

The simple interest on Rs. 4444 at 10% per annum for 6 months is ________.

Find the simple interest on Rs. 6840 at 5% per annum for the period from Oct 2, 2003 to 14 Dec 2003.

Ramu borrowed certain amount from a money-lender at 13 1 4 % per annum under simple interest which amounts to Rs. 5500 after 5 years. The money borrowed by Ramu is _____________ (approximately).

A certain sum of money amounts to Rs. 1200 in 5 years and to Rs. 1500 in 8 years under simple interest. The sum and rate of interest are ________ and _________ respectively.

A fruit vendor borrowed a total of Rs. 50000 from two money lenders. For one lender, he paid 10% per annum and the other at 12% per annum under simple interest. The total interest paid after one year was Rs. 5800. The amount he borrowed at 12% is __________.

John borrows money from a friend at a simple interest rate of 6% per year. He returned Rs. 15600 to his friend. How long did John take to return the money if he borrowed Rs. 12000?

Amir paid Rs. 960 in interest on a loan he took out 1 years ago at a basic interest rate of 6%. What was the amount he borrowed?

Ramesh put Rs. 1000 in Bank 1 for two years. He also put Rs. 1300 in Bank 2 for 1 years. In the end, he collected Rs. 330 in simple interest from both banks. What was the rate of interest?

Sanjay put some money in a bank at a 8% annual interest rate. He received Rs. 9000 after 10 years of simple interest. How much did he invested?

The simple interest on a particular quantity of money in four years equals 9/25 of the principal. The yearly interest rate is

A certain sum of money amounts to Rs. 1200 in 5 years and to Rs. 1500 in 8 years under simple interest. The sum and rate of interest are and _ respectively.