Simple Interest — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
A government scheme offers 8% simple interest per annum. If an investor receives ₹2,400 as interest after 3 years, what was the principal amount invested?
Two schemes offer the same principal amount: Scheme A gives 12% simple interest for 2 years, Scheme B gives 8% simple interest for 3 years. If the difference in interest earned is ₹600, what is the principal amount?
A sum of money becomes ₹13,200 in 4 years at 10% simple interest per annum. What will be the simple interest earned on the same sum at 15% per annum for 3 years?
In how many years will a sum of money double itself at 12.5% simple interest per annum?
A person invests ₹5,000 in a government scheme at simple interest. After 2 years, he withdraws ₹1,200 as interest and reinvests the principal in the same scheme. If the total interest after 5 years from the initial investment is ₹3,000, what is the rate of interest?