Learn and practice Problems on simple interest with easy explaination and shortcut tricks. All questions and answers on simple interest covered for various Competitive Exams

Solve simple interest Problems:

1) If Suresh borrows Rs. 36000 from Mahesh at rate of interest 6% S.I, at the end of four years how much interest Suresh has to pay along with principal amount?

1. Rs. 12560
2. Rs. 12960
3. Rs. 13500
4. Rs. 14500

2) If A lends Rs. 4500 to B at 8% per annum and B lends the same sum to C at 10% per annum, find the gain of B in a period of 3 years.

1. Rs. 220
2. Rs.240
3. Rs. 250
4. Rs.270

3) In how many years the simple interest on Rs. 6000 at 10% rate of interest S.I will become Rs. 1800?

1. 3 months
2. 3.5 months
3. 4 months
4. 4.5 months

4) Sohan has borrowed Rs. 5000 at the rate of 6% S.I. what amount he needs to pay after 3 years to clear the debt?

1. Rs. 5500
2. Rs. 5900
3. Rs. 6100
4. Rs. 6300

5) In what time Rs. 6000 will give interest of Rs. 720 at the rate of 6% p.a. S.I.?

1. 1.5 years
2. 2 years
3. 2.5 years
4. 3 years

6.) A sum invested at the rate of interest 5% S.I grows to Rs. 5400 in 4 years. The same amount in 3 years at the rate of 10% per annum S.I will grow to

1. Rs. 5850
2. Rs. 5800
3. Rs. 5750
4. Rs. 5700

7.) A sum of money at simple interest becomes Rs. 3000 in 2 years and Rs. 3540 in 5 years. Find the rate of interest.

1. 4 %
2. 4.5 %
3. 5%
4. 6%

8.) A moneylender charges Rs. 180 as simple interest on a sum of Rs. 600 for four months. What is the rate of interest per annum?

1. 80%
2. 85%
3. 90%
4. 95%

9.) A sum of money amounts to 3300 in 2 years and Rs. 3600 in 5 years. What is the principal amount?

1. Rs. 2700
2. Rs. 2850
3. Rs. 2950
4. Rs. 3100

10.) An agent allows a rebate of 4% to an investor while the bank pays an interest of 14% on the investment. What is the actual rate of interest earned by the investor on his investment?

1. 18.75%
2. 18%
3. 17.75 %
4. 16%