Simple Interest Quiz

1️⃣ What is the simple interest on ₹500 for 3 years at 4% per annum?

2️⃣ If ₹1000 is invested at 5% simple interest per annum, how much interest will it earn in 2 years?

3️⃣ What is the amount obtained by investing ₹500 at 4% simple interest for 3 years?

4️⃣ A sum of money becomes ₹1040 in 4 years and ₹1280 in 7 years at simple interest. What is the principal?

5️⃣ In what time will ₹1200 amount to ₹1560 at 10% per annum simple interest?

6️⃣ A sum doubles in 8 years at simple interest. What is the rate of interest?

7️⃣ A person lends a certain sum of money at 8% simple interest per annum. If the interest is calculated for every 'n' years instead of every year, the interest decreases by 20%. Find the value of 'n'.

8️⃣ What is the simple interest on ₹2,000 at a rate of 5% per annum for 2 years?

9️⃣ A sum of money triples itself in 20 years at simple interest. What is the annual rate of interest?

🔟 A certain sum of money becomes 9/4 times itself in 5 years at simple interest. What is the rate of interest per annum?