Simple Interest - Quiz

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
Explanation: 5 years

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
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: 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
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
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
Explanation:

Rs. 3308

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
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
Explanation:

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
Explanation:

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
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
Explanation: Option B

Simple Interest - Quiz

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?

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

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 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 __________.

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).

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

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.

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?

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.