Please wait...

Simple Interest Test 1
Menu grid icon
Result Result point icon
Simple Interest Test 1
  • Goals icon

    /

    Score
  • Trophy icon

    -

    Rank
White alarm icon Time Taken: -
Result frame illustration
  • Question 1/10
    1 / -0

    What would be the simple interest obtained on an amount of Rs 5,580 at the rate of 6.5% p.a. after 5 years?

    Solutions

    Required interest

    = Rs

    = Rs 1813.5

  • Question 2/10
    1 / -0

    Ms. Maya deposits an amount of Rs 17,800 and obtained Rs 31,684 at the end of 6 years. What was the rate of simple interest per year?

    Solutions

    Rate of Interest

    = 

    = = 13%

  • Question 3/10
    1 / -0

    Girish invested a certain amount at the rate of 8% p.a. for 6 year to obtain an amount of Rs 28,046. How much amount did Girish obtain as simple interest?

    Solutions

    Let the principal be = Rs 100

    ∴ Simple interest

    = = Rs 48

    ∴ Amount (100 + 48) = Rs 148

    ∴ When the amount = Rs 148, the principal = Rs 100

    ∴ When amount = Rs 28046, the principal

    =× 28046 = Rs 18950

    ∴ Simple interest

    = (Rs 28046 – 18950) = Rs 9096

  • Question 4/10
    1 / -0

    What would be the simple interest obtained on an amount of Rs 3460 at the rate of 8.5 per cent per annum after 6 years?

    Solutions

    Simple interest

    = 

    = Rs 1764.60

  • Question 5/10
    1 / -0

    Ms. Neelam deposits an amount of Rs 16420 at simple interest and obtained Rs 25451 at the end of 5 years. What was the rate of interest per year?

    Solutions

    Interest = (25451 – 16420) = Rs 9031

    = 

    = 11%

  • Question 6/10
    1 / -0

    What would be the simple interest obtained on an amount of Rs 6,420 at the rate of 7% p.a. after 4 years?

    Solutions

    Simple interest

    = 

  • Question 7/10
    1 / -0

    Arunima invests an amount of Rs 10,250@4% p.a. to obtain a total amount of Rs 12,710 on simple interest after a certain period. For how many year did she invest the amount to obtain the total sum?

    Solutions

    SI = Rs (12710 – 10250)= Rs 2460

    time = 

    = years

  • Question 8/10
    1 / -0

    Mr. Deepak invested an amount of Rs 21,250 for 6 years. At what rate of simple interest will he obtain the total amount of Rs 26,350 at the end of 6 years?

    Solutions

    Rate = 

    = = 4%

  • Question 9/10
    1 / -0

    Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interest at the rate of 12 per cent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?

    Solutions

    Simple Interest

    = 

    = 

    ∴ Required amount

    = Rs (31400 + 30144) = Rs 61544

  • Question 10/10
    1 / -0

    What is the interest received on a principal of Rs 450 for 2 year if the interest received on Rs 1 after four year at the same rate of simple interest is Rs 0.40?

    Solutions

    Interest on Rs 1 in 4 years = Rs 0.4

    ∴ Interest on Rs 100 in 4 years = Rs 40

    ∴ Interest on Rs 100 in 1 year = Rs 10

    ∴ Interest

    = = Rs 90

Close button icon
User Profile
-

Correct (-)

Wrong (-)

Skipped (-)

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Mockers logo Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Arrow pointer icon
Click on Allow to receive notifications
Notification bell icon ×
Open Now