Simple Interest Question Answer

Simple Interest Questions and Answers for Competitive Exams

In this article, we provided the Simple Interest Question Answer 2022. The Simple Interest questions and answers are mostly asked in all competitive exams. Eg:- Union Public Service Commission, State Public Service Commission, Staff Selection Commission, Railway Recruitment Board, etc. In this, questions related to the Simple Interest Question Answer are asked.

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Here four options are given for each question. Out of which one option is correct. You have to choose the correct option. Similar questions are asked in the exam also. So read and memorize these questions again and again. You can visit and prepare for your competitive exams freely conveniently. Candidates or students prepare here with the help of these online questions and answer free mock test online tests. You can evaluate your general awareness questions preparation skills by trying the online test exams and know your score.

Simple Interest Questions and Answers 


 

11. 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

Ans:- (A)  Rs 1.20

 

12. 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%

Ans:- (B) 8 1/3%

 

13. 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

Ans:- (B)  Rs.600

 

14. 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

Ans:- (A)  2 years

 

Latest Simple Interest Questions Answers 2022

 

15. 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 years

(C)  1.5years

(D)  3 years

Ans:- (A)  2.5 years

 

16. 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

Ans:- (C)  Rs. 15000

 

17. 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

Ans:- (A)  Rs.22.5

 

18. 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

Ans:- (D)   Rs.600

 

19. 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

Ans:- (B)  12 years 6 months

 

20. 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

Ans:- (A)  6 years 3 months

 


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