Practice test

Simple interest - Test Set 1

Review 20 exam-focused questions with detailed explanations, then start the interactive test when you are ready.

20 questions

Questions and explanations

  1. Question 1

    Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of:
    1. Rs. 240
    2. Rs. 200
    3. Rs. 280
    4. Rs. 480
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  2. Question 2

    What will be the interest on Rs. 16250 for 3 years if interest charge at 12% simple interest per annum?
    1. Rs. 2150
    2. Rs. 5850
    3. Rs. 2050
    4. Rs. 2450
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  3. Question 3

    What is the simple Interest earned on Rs. 2400 in 4 years 6 months at the rate of 4.5% per annum?
    1. Rs. 486
    2. Rs. 816
    3. Rs. 796
    4. Rs. 926
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  4. Question 4

    Find the simple interest Rs. 48750 at 16% per annum for 73 days of a non-leap year.
    1. Rs. 1560
    2. Rs. 1600
    3. Rs. 1860
    4. Rs. 1500
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  5. Question 5

    What sum will yield Rs. 491.68 as simple interest at 8% per annum for 1 year and 2 months?
    1. Rs. 5268
    2. Rs. 4364
    3. Rs. 4906
    4. Rs. 4758
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  6. Question 6

    Priya invested a certain amount of money and got back an amount of Rs. 8800 after 3 years. If the rate of simple interest is 40%, what is the principal amount invested by Priya?
    1. Rs. 7333
    2. Rs. 4333
    3. Rs. 4000
    4. Rs. 7000
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  7. Question 7

    Find out the principal which becomes Rs. 1000 in 9 months at 8% annual rate of simple interest?
    1. Rs. 781.40
    2. Rs. 981.40
    3. Rs. 934.40
    4. Rs. 843.40
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  8. Question 8

    A certain sum amounts to Rs. 16,500 in 2 years at 5% p.a. simple interest. Find the sum.
    1. Rs. 14,500
    2. Rs. 15,000
    3. Rs. 14,000
    4. Rs. 15,500
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  9. Question 9

    An amount invested for 2 years 9 months at the rate of 8% annual simple interest becomes Rs. 915 at the end of the period. How much was invested initially?
    1. Rs. 725
    2. Rs. 700
    3. Rs. 675
    4. Rs. 750
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  10. Question 10

    A sum of money, when invested at 14.5% p.a. simple interest amounts to Rs. 13,464 after 6 years. Find the sum invested.
    1. Rs. 7,600
    2. Rs. 70,800
    3. Rs. 7,200
    4. Rs. 7,450
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  11. Question 11

    Ms. Ayesha borrowed Rs. 1000 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?
    1. 1200
    2. 200
    3. 220
    4. 1300
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  12. Question 12

    Bhawna borrowed Rs. 4500 from a lender on 26th March 2018 at the rate of 15% p.a. simple interest and repaid the loan on 7th June of the same year. How much amount did he have to pay to repay his loan?
    1. 135
    2. 53,775
    3. 49,275
    4. 4,635
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  13. Question 13

    A sum of 3600 is invested at 12.5% p.a. simple interest for 6 years. What will be the total amount payable on maturity?
    1. Rs. 6420
    2. Rs. 6460
    3. Rs. 6440
    4. Rs. 6480
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  14. Question 14

    Rs. 750 invested for 3 months gave an interest of Rs. 18. What was the simple rate of interest per annum?
    1. 2.4%
    2. 9.6%
    3. 7.2%
    4. 12%
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  15. Question 15

    A sum of Rs. 25000 amount to Rs. 31500 in 4 years at a certain rate of simple interest. What is the rate of interest?
    1. 6.5%
    2. 5.5%
    3. 3.5%
    4. 4.5%
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  16. Question 16

    If Rs. 1 gives an interest of Rs. 9 in 60 years at simple interest, the rate % per annum is:
    1. 13%
    2. 12%
    3. 15%
    4. 18%
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  17. Question 17

    Tarun Kumar took a loan of Rs. 24,000 at simple interest for the same number of years as the rate of interest. If he paid Rs. 19,440 as interest at the end of the loan tenure, what was the rate of interest?
    1. 10%
    2. 9%
    3. 8%
    4. 8.5%
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  18. Question 18

    If the simple interest is 12.5% more than the principal and (n) the number of years and the rate (r) is numerically in a ratio of 2 : 1 then find the value of n and r.
    1. n = 12, r = 6%
    2. n=15, r=712%
    3. n = 20, r = 10%
    4. n = 14, r = 7%
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  19. Question 19

    The amount payable on maturity of a certain sum of money invested for 5 years at a certain percentage p.a. is Rs. 9,800 and the amount payable on maturity of the same sum of money invested for 10 years at the same rate is Rs. 12,600. If simple interest is paid in both the cases, then find the rate of interest per annum.
    1. 8%
    2. 7.8%
    3. 10%
    4. 8.5%
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  20. Question 20

    In how much time simple interest will be Rs. 400 on Rs. 4000 (Principal) at 6% per annum?
    1. 20 months
    2. 22 months
    3. 14 months
    4. 18 months
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