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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.

Q1

Q1 A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent

A

3%

B

4%

C

5%

D

6%

Q2

Q2 Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.

A

952

B

752

C

1052

D

156

Q3

Q3 In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%

A

9

B

7

C

5

D

8

Q4

Q4 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%

Q5

Q5 The rate of interest for the first 2 years is 4% per annum, for the next 3 years is 7.5% per annum and for the period beyond 5 years 12.5% per annum. If a man gets Rs 1075 as a simple interest for 6 years, how much money did he deposit?

A

2500

B

3000

C

3500

D

4000

Q6

Q6 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

Q7

Q7 Find the simple interest on Rs 7000 at 50/3 % for 9 months

A

765

B

830

C

735

D

875

Q8

Q8 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

Q9

Q9 If A lends Rs. 3500 to B at 10% p.a. and B lends the same sum to C at 11.5% p.a., then the gain of B (in Rs.) in a period of 3 years is

A

150

B

257.75

C

175.25

D

157.5

Q10

Q10 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

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Practice Simple Interest Questions & Answers

The more questions a candidate answers, the better their understanding of the Simple Interest concepts and their ability to answer quickly and accurately.

Importance: Medium

Difficulty level: 1 out of 5 (Easy)

Examination- SSC, Banking, GMAT, GRE, SAT, CAT, etc.

Parent section: Quantitative Aptitude

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