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Simple Interest Questions & Answers

Practice the crucial Simple Interest questions that are constantly repeated on examinations. Simple Interest-related questions and answers carry a medium weightage in the examination and must be exercised on a routine basis.

Q11

Q11 A sum of money amounts to Rs 9800 after 5 years and Rs 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is

A

5%

B

8%

C

12%

D

15%

Q12

Q12 Satish took a loan at 10% p.a. S.I. After 4 years, he returned the principal along with the interest. If he returns in all Rs. 3500, what is the principal amount?

A

2500

B

3000

C

3500

D

4000

Q13

Q13 Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005

A

25

B

30

C

35

D

40

Q14

Q14 At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years

A

5

B

10

C

4

D

8

Q15

Q15 Some amount out of Rs. 7,000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 years was Rs. 1600, the sum lent at 6% per annum was:

A

2500

B

3000

C

3500

D

2000

Q16

Q16 What annual payment will discharge a debt of Rs.6450 due in 4 years at 5% simple interest?

A

Rs.1500

B

Rs.1835

C

Rs.1935

D

Rs.1950

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