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Simple Interest Quiz MCQ Practice

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Quiz App / Simple Interest Quiz

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1. P=Rs5000, R=8%, T=3 years. Find the Simple Interest.

  1. A. Rs1300
  2. B. Rs1200
  3. C. Rs1500
  4. D. Rs1000
Answer: Rs1200
Explanation: Rs1200 — verified fact for Simple Interest Quiz.

2. A sum triples itself in 20 years at simple interest. Find the rate.

  1. A. 10%
  2. B. 15%
  3. C. 5%
  4. D. 20%
Answer: 10%
Explanation: 10% — verified fact for Simple Interest Quiz.

3. Find the SI on Rs15000 for 2 years 6 months at 12% p.a.

  1. A. Rs5000
  2. B. Rs4500
  3. C. Rs3600
  4. D. Rs4000
Answer: Rs4500
Explanation: Rs4500 — verified fact for Simple Interest Quiz.

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