Simple Interest Questions
Simple interest is calculated on the original principal for the entire investment period. Practise questions involving principal, rate, time, interest, and the amount accumulated over a specified period.
5 questions
- A sum of money becomes 240% of itself in 8 years at simple interest. Find the simple interest earned when Rs. 3000 is invested at the same rate for 3…
- An amount invested on simple interest at 'R%' p.a. amounts to Rs. 9,504 and Rs. 12,384 in 4 years and 9 years, respectively. Find the value of 'R'.
- A man lends a sum of money at 8% simple interest. After 3 years, the total interest received is ₹2,400. What is the amount of money he would receive at…
- At simple interest, a certain amount of money doubles in five years. What is the interest rate?
- A sum of money amounts to ₹6,720 in 4 years and to ₹7,680 in 6 years at a certain rate of simple interest. What is the annual rate of interest?