Dear SA'ians,
Here We are providing the Quiz on Simple Interest (Basic level to Advanced level) that will help to revising that topic for the upcoming exams.
1. In what time will Rs. 500 amount to Rs. 625 at 5 per cent per annum?
(a) 6 years
(b) 5 years
(c) 10 years
(d) None of these
2. A man will get Rs. 87 as simple interest on Rs. 725 at 4% per annum in:
(a) 3 years
(b) 3.5 years
(c) 4 years
(d) 5 years
3. The difference between the interests received from two different banks on Rs. 1000 for 2 years is Rs. 20. Thus the difference between their interest rates is-
(a) 2
(b) 1
(c) 1.5
(d) 2.5
4. Ashok borrowed some money at the rate of 6 per cent per annum for the first two years, at the rate of 9 per cent per annum for the next three years and at the rate of 14% per annum for the period beyond five years. If he pays a total interest of Rs. 11400 at the end of 9 years how much money did he borrow?
(a) Rs.16,000
(b) Rs.14,000
(c) Rs.18,000
(d) Rs.12,000
5. A sum of money becomes 6 times in 20 years at SI. Find the rate of interest.
(a) 20%
(b) 15%
(c) 16%
(d) 25%
6. A certain sum is invested for certain time. It amount to Rs. 450 at 7% per annum. But when invested at 5% per annum, it amounts to Rs. 350. Find the time.
(a) 50 years
(b) 60 years
(c) 45 years
(d) 40 years
7. At a certain rate of simple interest Rs. 1600 amounted to Rs. 1840 in 5 years. If the rate of interest be decreased by 3%, what will be the amount after 5 years?
(a) Rs.1720
(b) Rs.1680
(c) Rs.1600
(d) Not possible
8. A certain sum of money amounts to Rs. 5000 in 5 years at 10% per annum. In how many years will it amount to Rs. 6000 at the same rate?
(a) 8 years
(b) 6 years
(c) 10 years
(d) 9 years
9. A man wants to deposit Rs 46000 in accounts of his 2 son , who are presently 14 years and 16 years old in such a way so, that they can get equal amount at the time of attending 18 year. If rate of interest is 5%.Find the amount which deposits in the account of a older son?
(a) Rs.16,000
(b) Rs.24,000
(c) Rs.18,000
(d) Rs.12,000
10.what annual installment will discharge a debt of Rs.770 , Which will be due in 5 years at the rate interest 5% per annum . Find amount of each installment ?
(a) Rs.160
(b) Rs.140
(c) Rs.180
(d) Rs.120
Answers Will Be Provided Soon....!!!!
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