Simple Interest Multiple Choice Questions

Simple Interest

Question 1.

 If Rs. 64 accounts to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate per cent pr annum?

A.

51.60 Rs.

B.

50 Rs.

C.

48.97 Rs.

D.

45.69 Rs.

Explanation :

51.60 Rs.

Question 2.

 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.

15 Rs.

B.

19.50 Rs.

C.

21 Rs.

D.

22.50 Rs.

Explanation :

22.50 Rs

Question 3.

 A sum invested at 5% simple interest per annum grows to Rs. 504 in 4 years. The same amount at 10% simple interest per annum in 2½ years will grow to:

A.

525 Rs.

B.

600 Rs.

C.

625 Rs.

D.

650 Rs.

Explanation :

525 Rs.

Question 4.

 The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth-year?

A.

800 Rs.

B.

1200 Rs.

C.

1500 Rs.

D.

1600 Rs.

Explanation :

1200 Rs.

Question 5.

 The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month is:

A.

1.08 Rs.

B.

1.00 Rs.

C.

1.10 Rs.

D.

1.20 Rs.

Explanation :

1.20 Rs.