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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simple interest question answers mock test 2022
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.
1. A money (at simple interest) amounts to Rs. 1200 in 3 years & to Rs. 1280 in years. The sum is –
(A) Rs. 840
(B) Rs. 960
(C) Rs. 900
(D) Rs. 940
2. How much time will it take for an amount of Rs. 1500 to get Rs 225 as interest at 5% per annum of simple interest?
(A) 1 Year
(B) 2 Years
(C) 4 Years
(D) 3 Years
3. What will be the simple interest on an amount of Rs 2000 in 3 Years at interest 4% Per annum?
(A) Rs . 220
(B) Rs . 240
(C) Rs . 250
(D) Rs . 280
4. At what rate of interest, a sum of Rs 15000, will be Rs 17625 in 5 Years?
(A) 3 %
(B) 3.5 %
(C) 4 %
(D) 4.5 %
5. What will be the ratio of simple Interest earned by a certain amount at the same rate of interest for 2 Years & for 4 Years?
(A) 2:1
(B) 1:2
(C) 1:3
(D) Cannot be determined.
Simple Interest Questions and Answers
6. A Person takes a loan of Rs 2500 at 4% simple interest. He returns Rs 1500 at the end of 1 Year. What amount he would pay to clear his dues at the end of 2 Years?
(A) 1100
(B) Rs. 1140
(C) Rs. 1050
(D) Rs. 1150
7. Ram borrows a sum from Mohan at the rate of 8% P.A. simple interest. After 2 Years he had to pay Rs 1600 as interest only for the period. The principal amount borrowed by Ram was :
(A) 9500
(B) 1100
(C) 10000
(D) 10500
8. A certain amount earns simple interest of Rs 2500 after 5 Years . Had the rate of interest been 3% more, how much more interest would it have earned?
(A) Rs 50
(B) Rs 250
(C) Rs 340
(D) Can not be determined
9. A sum of money amounts to Rs 10560 after 4 Years and Rs 11840 after 6 Years at the same rate of simple interest. The rate of interest per annul is:
(A) 6%
(B) 8%
(C) 7%
(D) 9%
10. Sohan received a sum at 12 P.a. Simple interest. After 5 Years he returned the principal and interest. If he returned Rs 16000. What was the principal amount?
(A) Rs 9000
(B) Rs 9500
(C) Rs 10000
(D) Rs 10500
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