Simple Interest
1. Find the simple interest on ₹5,000 at 8% per annum for 3 years.
A. ₹1,000
B. ₹1,200
C. ₹1,400
D. ₹1,600
B. ₹1,200
2. The simple interest on a sum for 4 years at 6% per annum is ₹720. Find the principal.
A. ₹2,500
B. ₹3,000
C. ₹3,500
D. ₹4,000
B. ₹3,000
3. A sum of ₹2,000 amounts to ₹2,600 in 3 years at simple interest. Find the rate percent per annum.
A. 5%
B. 8%
C. 10%
D. 12%
C. 10%
4. In what time will ₹4,000 amount to ₹5,200 at 8% per annum simple interest?
A. 3 years
B. 3.5 years
C. 3.75 years
D. 4.5 years
C. 3.75 years
5. What will be the amount of ₹8,000 at 7.5% per annum simple interest for 4 years?
A. ₹10,800
B. ₹9,800
C. ₹10,800
D. ₹10,400
D. ₹10,400
6. The simple interest on ₹6,000 at 5% per annum is ₹300 more than on ₹4,000. Find the time.
A. 3 years
B. 4 years
C. 2 years
D. 5 years
A. 3 years
7. A sum of money doubles itself in 10 years at simple interest. What is the rate percent per annum?
A. 12%
B. 15%
C. 10%
D. 8%
C. 10%
8. Find the simple interest on ₹7,500 at 9% per annum for 8 months.
A. ₹400
B. ₹550
C. ₹450
D. ₹500
C. ₹450
9. A sum of ₹10,000 is lent at 6% for the first year, 8% for the second year, and 10% for the third year. Find the total simple interest.
A. ₹2,400
B. ₹2,600
C. ₹2,000
D. ₹2,800
A. ₹2,400
10. Which investment gives more interest: ₹5,000 at 8% for 2 years or ₹4,000 at 10% for 3 years?
A. First investment
B. Second investment
C. Both equal
D. Cannot determine
B. Second investment