Simple Interest Mock Test / Online Test : Test-1

Test Instruction :

This is a FREE Online Test.
Total number of questions : 10.
Time allotted : 10 minutes.
Each question carry 1 mark.
There is no negative marks.
DO NOT close or refresh the page during test.
Click on the SUBMIT button, once you complete the test.
All the best :-).

1 / 10

1. In how many years will a sum of money double itself at 16% per annum?

A. 6 years 3 months

B. 6 years 6 months

C. 4 years 6 months

D. 4 years 3 months

2 / 10

2. In how many years will a sum of money double itself at 8% per annum?

A. 6 years 6 months

B. 12 years 6 months

C. 8 years 4 months

D. 10 years 4 months

3 / 10

3. At 5% per annum simple interest, Ram borrowed Rs.500. What amount will he pay to clear the debt after 4 years.

A. Rs.750

B. Rs.700

C. Rs.650

D. Rs.600

4 / 10

4. The interest on a certain deposit at 4.5% P.A.is Rs 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% P.A.?

A. Rs.22.5

B. 225

C. 20.25

D. Rs. 427.5

5 / 10

5. A man took loan from a bank at the rate of 12% P.A. simple interest. After 3 years he had to pay Rs. 5400 interest by him was.

A. Rs.2000

B. Rs 10000

C. Rs. 15000

D. Rs. 20000

6 / 10

6. In how many years will a sum of Rs 6000 yield an interest of Rs. 1200 at 8 % P.A?

A. 5 years

B. 2.5 years

C. 1.5years

D. 3 years

7 / 10

7. How much time will it take for an amount of Rs. 900 to yield Rs 81 as interest at 4.5% per annum of simple interest.

A. 2 years

B. 3 years

C. 1 years

D. 4 years

8 / 10

8. A sum of money lent out t simple interest amounts to Rs.720 after 2 years and to Rs 1020 after a further period of 5 years. The sum is.

A. 500

B. Rs.600

C. Rs.700

D. Rs. 710

9 / 10

9. At what rate present of simple interest will a sum of money double itself in 12 years?

A. 8 1/4%

B. 8 1/3%

C. 8 1/2%

D. 9 1/2%

10 / 10

10. The simple interest on Rs. 10 for 4 months at the rate of 3 Pasie per rupee per month is.

A. Rs 1.20

B. Rs. 1.60

C. Rs 2.40

D. Rs 3.60

Test Instruction :

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