Simple Interest MCQ Question with Answer
Simple Interest MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.
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Question No : 1
Find the simple interest on Rs. 3000 at % per annum for the period from
4th Feb., 2005 to 18th April, 2005.
Question No : 2
A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.
Question No : 3
Find the simple interest on Rs. 68,000 at % per annum for 9 months.
Question No : 4
A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest. Interest rate is increased by 8%, it would amount to how much?
Question No : 5
A man borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years, and at the rate of 14% p.a. for the period beyond five years. 1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?