Simple Interest - Questions and Answers
Practice questions on Simple Interest.
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6. The simple interest on a sum of money is of the principal and the number of years is equal to the rate per cent per annum. The rate percent per annum is:
Explanation: ANSWER : 3
7. In how many years will a sum of money double itself at 12% per annum:
Explanation: ANSWER : 8 years 6 months
8. A sun of money, put at simple interest trebles itself in 15 years. The rate percent per annum is:
Explanation: ANSWER : 13%
9. A certain sum of money at simple interest amounts of Rs. 1260 in 2 years and to Rs. 1350 in 5 years. The rate percent per annum is:
Explanation: ANSWER : 2.5%
10. At simple interest, a sum doubles after 20 years. The rate of interest per annum is :
Explanation: ANSWER : 5%