Questions & Answers: "Simple Interest"

Complete guide to "Simple Interest" for Math students. Below you will find important questions and model answers to help you prepare.

15 Questions

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Question 1

1 Mark

Swarda deposited Rs. 25,000 in a bank at a rate of 8 p.c.p.a for 6 years. How much interest will she receive after 6 years?

Options

Option A is correct

Rs. 12,000

Option B

Rs. 2,000

Option C

Rs. 1,500

Option D

Rs. 1,200

Question 2

1 Mark

Yogesh received Rs. 72 and 5 paisa as interest on his deposits in bank. How will you write this in decimal form?

Options

Option A is correct

Rs. 72.05

Option B

Rs. 72.5

Option C

Rs. 72.50

Option D

Rs. 72.005

Question 3

1 Mark

Ramesh and Sudha deposited same amount at two different places. Ramesh got interest at 8 p.c.p.a. and Sudha got interest at 7.5 p.c.p.a. If Ramesh has got Rs. 500 more than Sudha, then find the amount that Ramesh had deposited.

Options

Option A is correct

Rs. 100000

Option B

Rs. 50000

Option C

Rs. 7500

Option D

Rs. 150000

Question 4

1 Mark

What will be the simple interest on the principal of Rs. 5000 at 7 p.c.p.a in 3 years?

Options

Option A

Rs. 10500

Option B

Rs. 105

Option C

Rs. 1500

Option D is correct

Rs. 1050

Question 5

1 Mark

What is the simple interest on ₹ 3000 at the rate of 10 p.c.p.a for 3 years?

Options

Option A

300

Option B

600

Option C

800

Option D is correct

900

Question 6

1 Mark

Sanjeev deposited certain amount at the rate 5 p.c.p.a. for 3 years in a bank. He received simple interest of ₹ 1500 after 3 years. How much amount (in ₹) did he deposit in the bank?

Options

Option A

11500

Option B is correct

10000

Option C

4500

Option D

5000

Question 7

1 Mark

In how many years the principle amount of Rs. 4,000 will get double at the rate of 10 % p.a. by simple interest?

Options

Option A

20

Option B is correct

10

Option C

5

Option D

2

Question 8

1 Mark

Harjeet took a loan of Rs. 20,000 from a bank at the rate of 7 p.c.p.a. for 3 years. How much simple interest will he have to pay to the bank?

Options

Option A is correct

Rs. 4,200

Option B

Rs. 4,300

Option C

Rs. 4,380

Option D

Rs. 2,400

Question 9

1 Mark

Rutuja gave Pranav Rs. 2500 on simple interest for 6 months at the rate of 8% p.a. How much interest will Pranav pay to Rutuja for 6 months ?

Options

Option A is correct

Rs. 100

Option B

Rs. 500

Option C

Rs. 200

Option D

Rs. 600

Question 10

1 Mark

What will be the rate of interest if Rs. 5000 fetch Rs. 1350 as simple interest after 3 years ?

Options

Option A

5 p.c.p.a.

Option B

8 p.c.p.a.

Option C is correct

9 p.c.p.a.

Option D

7 p.c.p.a.

Question 11

1 Mark

At a rate of 8 P.C.P.A, what will be the interest (in ₹) for 3 years on the principal ₹ 500?

Options

Option A

240

Option B is correct

120

Option C

500

Option D

400

Question 12

1 Mark

Rohit received an interest of ₹ 2520 at the rate 7 P.C.P.A after 3 years. Find out the principal for which he received this interest.

Options

Option A

15000 ₹

Option B

21000 ₹

Option C

1500 ₹

Option D is correct

12000 ₹

Question 13

1 Mark

Rahul lended ₹ 15000 to Subhash for 3 years at some rate. If Subhash gave Rahul an interest of ₹ 4500, then what was the rate of interest P.C.P.A ?

Options

Option A is correct

10

Option B

15

Option C

9

Option D

8

Question 14

1 Mark

What is the simple interest on ₹ 3500 at the rate 8 p.c.p.a. for 2 yrs?

Options

Option A is correct

₹ 560

Option B

₹ 280

Option C

₹ 480

Option D

₹ 260

Question 15

1 Mark

What will be the period, to get simple interest of Rs. 3750 on the principal Rs. 6000 at the rate of 12½ p.c.p.a.?

Options

Option A is correct

5 yrs.

Option B

4 yrs.

Option C

3 yrs.

Option D

6 years.