Simple Interest MCQ Questions & Answers [PDF Download]
A sum of money becomes ₹5,250 in 4 years and ₹6,300 in 6 years at simple interest. What is the principal amount?
The difference between simple interest and compound interest on a certain sum for 2 years at 12% per annum is ₹144. Find the principal amount.
A person invested ₹8,000 at simple interest for 3 years. After 3 years, he invested the total amount at the same rate for another 2 years. If the total interest earned in 5 years is ₹4,800, find the rate of interest.
If the simple interest on a sum for 4 years is ₹1,200 and for 6 years is ₹1,800, what is the rate percent per annum?
A man borrowed ₹3,200 at 12% per annum simple interest and immediately lent the whole amount to another person at 15% per annum simple interest. His gain in 3 years is:
In how many years will a sum of money double itself at 16⅔% per annum simple interest?
A person lends ₹5,000 to A at 6% per annum simple interest and ₹3,000 to B at 8% per annum simple interest. After how many years will he receive the same amount as interest from both?
If ₹6,000 amounts to ₹7,200 in 4 years, in how many years will ₹4,500 amount to ₹5,400 at the same rate of simple interest?
At what rate percent per annum will ₹3,000 amount to ₹3,993 in 3 years 3 months at simple interest?
The simple interest earned on a certain amount is ₹1,200 in 3 years. If the rate of interest is increased by 2%, the simple interest for the same period becomes ₹1,440. Find the principal amount.
Two equal amounts are lent at 8% and 6% simple interest. The first amount is recovered in 2 years and the second in 3 years. If the total interest received is ₹1,800, find each amount.
A sum amounts to ₹4,158 in 6 years and ₹4,767 in 9 years at simple interest. Find the rate of interest per annum.
The difference between the simple interest and compound interest on ₹8,000 for 3 years at 5% per annum is:
A sum of ₹1,200 becomes ₹1,680 in 4 years at simple interest. What will be the amount if the same sum is invested for 6 years at the same rate?
Two equal sums are invested, one at 8% and the other at 12% simple interest per annum. At the end of 5 years, the difference in their amounts is ₹1,000. Find each sum.
A man invests ₹12,000 in buying shares of face value ₹50 each at a premium of 20%. If he receives a dividend of 8% on face value, what is his percentage return on investment?