Ques ons based on Simple Interest

1) Find simple interest on a Principal of Rs. 10,000 at 6% p.a. for 3 years.

2) Find simple interest if principal is Rs. 30,000 at 9% p.a. for 2 years 4 months
a) Rs. 6000 b) Rs. 5800 c) Rs. 6300 d) None

3) Find simple interest on Rs. 20,000 for 7 months at 6% p.a.

4) A person deposits Rs. 25000 for 4 years at 10% p.a. Find the final amount that he will receive a er 4
years.
a) Rs. 32000 b) Rs. 35000 c) Rs. 28000 d) Rs. 30000

5) A person deposited Rs. 20,000 in a bank and a er 5 years he received Rs. 38,000. Find the interest he
received per year.
a) Rs. 3600 b) Rs. 18000 c) Rs. 3200 d) None

6) A person deposits a certain amount in a fund which gives 8% p.a. In 8 years, he received Rs. 32000 as
interest. Find the original amount deposited by him.
a) Rs. 40000 b) Rs. 55000 c) Rs. 50000 d) Rs. 60000

7) If a person receives Rs. 52200 as amount in a period of 9 years at 5% p.a. find the principal invested at
the start.
a) Rs. 40000 b) Rs. 32000 c) Rs. 36000 d) None

8) If Rs. 80000 produced an interest of Rs. 26000 at 6.5% p.a. then find the me period for which money
was interested.
a) 3 years b) 4 years c) 5 years d) 6 years

9) A person deposits Rs. 120000 at 10% p.a. and received Rs. 228000 a er a certain number of years. Find
the me period.
a) 10 years b) 7 years c) 9 years d) None

10) A person received Rs. 300 as interest on a principal of Rs. 6000 in 6 months. Find the rate of interest.
a) 10% b) 12% c) 8% d) 7%

11) Rs. 12000 becomes Rs. 15000 in 5 years at a certain rate of simple interest. Find the amount that will
become Rs. 9200 at the same rate of interest in 3 years.
a) Rs. 6550 b) Rs. 7500 c) Rs. 8000 d) Rs. 9000

12) The rate of interest is 7% for first 2 years and rate of interest is 8% for next 3 years. If the simple
interest for complete period is Rs. 9500 then find the sum
 a) Rs. 20000 b) Rs. 25000 c) Rs. 30000 d) Rs. 32000

13) For first 3 years rate of interest is 6%, for next 2 years rate of interest is 8% and for a period beyond 5
years rate of interest is 9%. If the total amount in 10 years is Rs. 35800 then find the principal
a) Rs. 20000 b) Rs. 25000 c) Rs. 30000 d) Rs. 32000

14) A sum of money doubles itself in 8 years at simple interest. Find in how many years it will triple itself.
a) 10 years b) 12 years c) 16 years d) None

15) A sum of money becomes 3 mes of itself in 10 years at simple interest. Find in how many years it will
become 8 mes of itself.
a) 25 years b) 30 years c) 35 years d) 40 years

16) A certain sum of money amounts to Rs. 7200 in 4 years and to Rs. 9300 in 7 years. Find the interest per
year.
a) Rs. 2100 b) Rs. 525 c) Rs. 700 d) Rs. 1000

17) A certain sum of money amounts to Rs. 7200 in 4 years and to Rs. 9300 in 7 years. Find the Principal.
a) Rs. 3900 b) Rs. 3200 c) Rs. 3800 d) Rs. 4400

18) A certain sum of money amounts to Rs. 7200 in 4 years and to Rs. 9300 in 7 years. Find the rate of
interest.
a) 7.26% b) 15.90% c) 9.72% d) 8.64%

19) A person borrows Rs. 80000 at 5% p.a. and immediately lends to another person at 8% p.a. for 3 years.
Find the net gain for the person per year.
a) Rs. 7200 b) Rs. 2400 c) Rs. 800 d) Rs. 1200

20) A person borrows Rs. 80000 at 5% p.a. and lends Rs. 60000 to another person at 8% p.a. for 3 years.
Find the net gain for the person per year.
a) Rs. 7200 b) Rs. 2400 c) Rs. 800 d) Rs. 1200

21) A person deposits 2 equal sums in 2 different accounts at 12% simple interest for 2 years and 4.5 years
respec vely. If the difference between simple interest in both accounts was Rs. 12000 then find the
sum deposited in each account.
a) 35000 b) 40000 c) 50000 d) 60000

22) Accountant was supposed to calculate simple interest on a certain for 8 months at 9% but he wrongly
calculated simple interest for 6 months at 8%. The difference of interest was found to be 24. Find the
sum.
a) 2000 b) 1960 c) 1500 d) 1200

23) If simple interest on Rs. 2000 for 3 years is more than simple interest on Rs. 2400 for same period by
108 then find the rate of interest.
 a) 8% b) 10% c) 9% d) None

24) Find the me period in which the simple interest will be 0.4 mes the principal if rate of interest is 8%
p.a.
a) 5 years b) 8 years c) 10 years d) 4 years

25) Find the number of years required for a par cular sum to become 4 mes at 12% p.a. SI
a) 25 years b) 28 years c) 10 years d) 30 years

26) If a certain sum doubles itself in 5 years, find the number of years required for same sum to become 10
mes of itself.
a) 42 years b) 43 years c) 45 years d) 46 years

27) Find the rate of simple interest if a sum of money amounts to Rs. 8450 in 5 years and 8060 in 4 years.
a) 4% b) 5% c) 6% d) 7%

28) If a simple interest on a par cular sum at 4% for 5 years is equal to simple interest on another sum at
8% for 3 years, then find the ra o of two sums.
a) 5:6 b) 3:4 c) 7:5 d) 6:5

29) If a simple interest on a par cular sum at 5.5% for 6 years is equal to twice the simple interest on
another sum at 9% for 4 years, then find the ra o of two sums.
a) 24:11 b) 3:4 c) 11:12 d) 12:11

30) On a par cular sum of money, the simple interest is 9/16 of the principal and the number of years is
equal to rate of interest, find interest rate?
a) 6% b) 7.5% c) 8% d) 10%

31) The simple interest on a sum of money is 16/32 of the principal and number of years is twice the rate
of interest. Find the rate of interest.
a) 5% b) 6% c) 7% d) 8%

32) How much investment is required to yield an annual income of Rs. 560 at 7% p.a. simple interest.
a) 7000 b) 8420 c) 7580 d) 8000

33) A person deposits Rs. 80,000 in a savings account at 6.5% p.a. While calcula ng the rate was wrongly
taken as 7.5%. The difference between the amounts at maturity was Rs. 2000. Find the me period of
investment.
a) 2 years b) 2.5 years c) 3 years d) 3.5 years

34) In how many years will a sum of money triple itself at 5% p.a. simple interest.
a) 32 years b) 36 years c) 40 years d) 50 years

35) If a sum of money triples in 18 years at simple interest, then rate of interest p.a. will be
 a) 12% b) 11.11% c) 13% d) 10%

36) A certain sum of money was invested at simple interest for 5 years. If it was invested at 8% higher, the
interest would have been Rs. 2848 more, the sum that was invested is?
a) 32000 b) 35600 c) 38000 d) 37600

37) A sum of Rs. 46000 into 3 parts such that the corresponding interest earned a er 3 years, 5 years and 6
years may be equal at 8%, 3% and 2% respec vely. Then the smallest part out of the 3 parts would be?
a) 10000 b) 16000 c) 20000 d) 8000

38) A person lends Rs. 7000 for 6 years and Rs. 5000 for 8 years. If the total interest earned is Rs. 7380 then
find the rate of interest.
a) 6% b) 12% c) 9% d) 8%

39) 1/3 of a par cular sum was deposited at 5% p.a. simple interest. 1/2 of same sum was deposited at 7%
p.a. and remaining money was deposited at 8% p.a. If the total interest earned was Rs. 1950 then find
the amount that was deposited.
a) Rs. 20000 b) Rs. 30000 c) Rs. 24000 d) Rs. 18000

40) Ajay had a certain amount out of which he deposits Rs. 21,000 at 12% and remaining at 20%. If he
received total interest according to 14%, find the total amount he had?
a) Rs. 20000 b) Rs. 28000 c) Rs. 30000 d) Rs. 24000

41) The difference between interest received by 2 persons on Rs. 25000 for 3 years is Rs. 3000 then find
the difference between rate of interest.
a) 2% b) 3% c) 4% d) 5%

42) A certain sum amounted to Rs. 720 at 4% p.a. in a me in which Rs 800 amounts to 1000 at 5% p.a.
Find the sum if it is a case of simple interest.
a) 500 b) 550 c) 600 d) 650

43) Certain sum of money amounts to Rs. 15748 in 3 years at simple interest at r% p.a. The same sum
amounts to Rs. 16510 at (r + 2) % p.a. simple interest in the same me. What is the value of r?
a) 10% b) 12% c) 8% d) 6%

44) An investor is saving to pay off an obliga on of Rs. 24820 which will be due in 8 years, if the investor
earns an interest of 6% p.a. how much should he deposit today if it’s a case of simple interest.
a) 15270 b) 16770 c) 18540 d) 17650

45) A farmer borrowed Rs. 90,000 at 12% p.a. simple interest. A er 6 years he paid off the loan by paying
1,00,000 cash and 200 kgs of rice. Find the rate of rice per kg.
a) Rs. 250/kg b) Rs. 265/kg c) Rs. 274/kg d) Rs. 280/kg