Simple Interest Questions For Practice

Q. 1) find the simple interest and amount of a principal of rupees 600 for 2 years at 5 % p.a .
                                          ( Ans. 60, 660 )

Q. 2) A person invest 1000 rupees in a savings banks paying 6% simple interest. What is the balance or amount of the savings account of the 6 month?
                                         ( Ans. 1,030 )


Q. 3) Find the amount at 6% simple interest of rupees 1,200 due in 9 month.
                                          (Ans.  1,254 )

Q. 4) find the simple interest on rupees 600 for 2 month at 7% p.a .
                                               ( Ans. 7 )

Q. 5) A saving account open 3 months ago now has a balance Rupesh 2040. If the bank pays 8% simple interest how much money was deposited ?
                                             ( Ans. 2,000 )

Q. 6) What sum of money placed at simple interest at 4 % will yield rupees 50 interest in six months?
                                             ( Ans. 2,500 )

Q. 7) How long will it take for Rs. 3,000 to amount to Rs. 3,300 at 4% simple interest?
                                              ( Ans. 2.5 years )

Q. 8) At what rate will Rs. 1,500 yield Rs. 25 simple interest in 8 months ?
                                                     ( Ans. 2.5% )
Q. 9) What time will be required for a sum of money to double itself at 5% simple interest?  
                                                       ( 20 years ) 


Q. 10) The simple interest on Rs. 600 for 9 months in Rs. 27. find the interest rate.

                                                                   ( Ans. 6% )