Simple Interest Questions

A lender earns simple interest on:

• The principal balance only.

• The principal balance and interest previously charged.

• The interest previously charged only.

• The lender does not earn simple interest.

What is the simple interest formula?

• 𝑰=𝑷∗𝒓∗𝒕∗100

• 𝑰=𝑷∗𝒓+𝒕/100

• 𝑰=(𝑷∗𝒓∗𝒕)/100

• 𝐼=𝑃+𝑟+𝑡

If in 10 years Rs 200 become Rs 300. Find the rate of interest.

• 11%

• 10%

• 10.56%

• 15%

At 25% per annum interest in how many years simple interest on a sum of money triple itself?

• 10

• 4

• 8

• 7.5

Find the simple interest of Rs 700 at 4% per year for 3 years

• 84

• 94

• 85

• 84.57

Gita deposited Rs 400 in a bank and at the end of 5 years received Rs 80 as an interest. What is the rate?

• 5%

• 4%

• 5.5%

• 3%

What principal will yield Rs 120 as SI at 6% per annum in 10 years?

• 100

• 200

• 250

• 150

• 2000

If in 10 years Rs 200 amounts to Rs 300 find the rate of interest.

• 10%

• 11%

• 9.0%

• 12%

SI on Rs 10000 for 5 years at 20% per annum is equal to?

• 10000

• 100000

• 1000

• 1000000

In what time will the interest on Rs 5000 amount to Rs 800 at 5% per annum?

• 4 yr

• 4.4 yr

• 5 yr

• 2 yr