# SIMPLE INTEREST

Simple Interest Fully solved questions with complete explanation for written test, interview, competitive exams and entrance test. This section is very useful for those who are preparing for competitive exams such as Written test of IT companies,Bank Exams, CAT Exams, GATE Exams, Railway Exams, SSC, UPSC, Defence and many more.

Q. In simple interest what sum amounts of Rs.1120/- in 4 years and Rs.1200/- in 5 years ?

• A) Rs. 500
• B) Rs. 600
• C) Rs. 800
• D) Rs. 900
Q. The simple interest accrued on an amount of Rs. 14,000 at the end of three years is Rs.2,100. What would be the compound interest accrued on the same amount at the same period?

• A) Rs. 2100
• B) Rs. 2206.75
• C) Rs. 2304.25
• D) Cannot be determined
Q. The simple interest on a sum of money will be Rs.130 after 6 years. In the next 6 years principal becomes 3 times, what will be the total interest at the end of the 12th year?

• A) Rs.390
• B) Rs.520
• C) Rs.430
• D) none of these
Q. The simple interest accured on a amount at the end of five years at 12.5 p.c.p.a is Rs 1575/-, what is the amount?

• A) Rs. 2050
• B) Rs. 2550
• C) Rs. 2250
• D) Rs 2520
Q. Simple interest on rs.1000 at 7% p.a for a certain time is Rs.140. find the timeperiod

• A) 1 yr
• B) 2 yrs
• C) 3 yrs
• D) 5 yrs
Q. the simple interest on a sum of money will be Rs 250 after 6 years, In the next 6 years principal is doubled. what will be the total interest at the end of the 12th year.

• A) Rs. 850
• B) Rs. 750
• C) Rs. 650
• D) Rs. 950
Q. The simple interest on a sum of money will be Rs. 600 after 10 years. If the principal is Tripled after 5 years, what will be the total interest at the end of the tenth year?

• A) Rs. 600
• B) Rs. 900
• C) Rs.1200
• D) Rs.1500
Q. Mr. Dutta desired to deposit hos retirement benefit of Rs. 3 Lakhs partly to a post office and partly to a bank at 10% and 6% interests respectively. if his monthly interest income was Rs. 2000, then the difference between his deposits in the post office and in the bank was

• A) Rs. 50000
• B) Rs. 40000
• C) NIL
• D) Rs. 1 lakh
Today's Challenging Question
Q. Ajay & Bimal can do a price of work in 10 days, Bimal & Chetan can do in 15 days and Chetan and Ajay in 20 days. They work together for 6 days and then Ajay leaves and now Bimal & Chetan work together for 4 more days. If Bimal leaves, how long will Chetan take to finish the work?
A) 12 days
B) 10 days
C) 16 days
D) none
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