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Simple Interest Questions

Authored by Gagannarayanan Praveen

Mathematics

6th Grade

Simple Interest Questions
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

11%

10%

10.56%

15%

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

10

4

8

7.5

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

84

94

85

84.57

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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%

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

100

200

250

150

2000

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