Simple Interest Online Test – Free Practice Quiz Questions with Solutions

By | November 10, 2014

Simple Interest Online Test

1. A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years. The sum is:





2. 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?





3. 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. 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?





5. 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. 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:





7. Ashok took a loan of Rs. 15000 for 3 years at simple interest. If the total interest paid is R. 2700, what is the rate of interest per annum?





8. If a sum of money doubles itself in 8 years at simple interest, the ratepercent per annum is :





9. 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?





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.?





11. Avinash borrowed Rs. 5000 from Sanjay at simple interest. After 3 years, Sanjay got Rs. 300 more than what he had given to Avinash. What was the rate of interest per annum?





12. At the rate of 6% p.a. simple interest, a sum of Rs. 2500 will earn how much interest by the end of 5 years 7.





13. The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of intrest the same amount of interest can be received on the same sum after 5 years?





14. A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount?





15. Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. If the total interest paid was Rs. 1230, the principal was:







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