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WorksheetsSimple Interest Questions
Total questions: 20
Worksheet time: 29mins
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
Find the SI on Rs 16000 for 3 years 3months at 4.5% per annum
Rs 5200
Rs 2340
Rs 1800
None of these
What sum will amount to Rs 3300 in 2 years 6 months at 15% per annum SI ?
Rs 2000
Rs 2400
Rs 2800
Rs 2500
Find the rate when:
Principal = Rs 3560, amount = Rs 4521.20 and time = 3 years.
6%
7%
8%
9%
In the simple interest formula, what does I represent?
The amount of money borrowed
The cost of credit or a finance charge
The length of the loan in years
The total interest paid over the life of the loan
The simple interest on a certain sum of 3 years at 10 % per annum is ₹ 829.50. Find the sum.
₹ 5437
₹ 2895
₹ 2785
₹ 2765
A sum of Rs 10000 is invested at a simple interest of 18% per month. What is interest per month?
150
15000
15050
None of These
What is the SI on Rs 5000 at 8% per annum for 2.5 years?
600
6000
560
540
9 months = ____ year
0.75
0.5
0.25
9
What percentage is the same as 0.75
3/4
75%
7.5%
1%
A sum of Rs. 12000 is lent out at 5% per annum simple interest for 5 years. What will be the amount after 5 years?
3000
12000
15000
150000
