Simple Interest Test 2

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Online Aptitude Tests: Simple Interest Test 2 for different Competitive Exams, Entrance Tests & Job Interviews. Test yourself. Take various online tests and find out how well you score before appearing in your upcoming interviews and written tests.

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Total questions: 20

Time limit: 30 minutes

Each question is worth 1 point, and there are no penalties for wrong answers.

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Time remaining: 30:00
1. What is the formula to calculate simple interest?
  1. Principal × Rate × Time
  2. Principal × Rate × Time / 100
  3. Principal / Rate / Time
  4. Principal – Rate – Time
2. If the principal amount is ₹5000, the rate of interest is 10% per annum, and the time period is 2 years, what is the simple interest?
  1. ₹500
  2. ₹1000
  3. ₹200
  4. ₹100
3. What is the time period if the principal amount is ₹4000, the rate of interest is 8% per annum, and the simple interest is ₹640?
  1. 5 years
  2. 2 years
  3. 8 years
  4. 10 years
4. If the time period is 3 years, the rate of interest is 12% per annum, and the simple interest is ₹720, what is the principal amount?
  1. ₹12000
  2. ₹2000
  3. ₹2400
  4. ₹1800
5. What is the rate of interest if the principal amount is ₹8000, the time period is 4 years, and the simple interest is ₹2560?
  1. 2%
  2. 4%
  3. 8%
  4. 16%
6. If the principal amount is ₹7000, the rate of interest is 6% per annum, and the simple interest is ₹1260, what is the time period?
  1. 5 years
  2. 4 years
  3. 3 years
  4. 2 years
7. What is the principal amount if the rate of interest is 8% per annum, the time period is 2 years, and the simple interest is ₹320?
  1. ₹2000
  2. ₹4000
  3. ₹2000
  4. ₹8000
8. If the time period is 4 years, the principal amount is ₹10000, and the simple interest is ₹3200, what is the rate of interest?
  1. 8%
  2. 32%
  3. 8%
  4. 4%
9. What is the time period if the principal amount is ₹6000, the rate of interest is 10% per annum, and the simple interest is ₹1800?
  1. 1 year
  2. 2 years
  3. 3 years
  4. 4 years
10. If the time period is 3 years, the rate of interest is 5% per annum, and the simple interest is ₹900, what is the principal amount?
  1. ₹15000
  2. ₹6000
  3. ₹1800
  4. ₹12000
11. If the time period is 2 years, the rate of interest is 12% per annum, and the simple interest is ₹960, what is the principal amount?
  1. ₹4000
  2. ₹4000
  3. ₹3200
  4. ₹2400
12. What is the rate of interest if the principal amount is ₹10000, the time period is 3 years, and the simple interest is ₹2400?
  1. 6%
  2. 8%
  3. 10%
  4. 12%
13. If the principal amount is ₹8000, the rate of interest is 10% per annum, and the simple interest is ₹2000, what is the time period?
  1. 1 year
  2. 2 years
  3. 2 years
  4. 4 years
14. What is the principal amount if the rate of interest is 6% per annum, the time period is 4 years, and the simple interest is ₹1440?
  1. ₹2400
  2. ₹3000
  3. ₹3600
  4. ₹4800
15. If the time period is 5 years, the principal amount is ₹12000, and the simple interest is ₹3600, what is the rate of interest?
  1. 10%
  2. 10%
  3. 12%
  4. 15%
16. What is the simple interest on a principal amount of ₹6000 at 8% per annum for 4 years?
  1. ₹2000
  2. ₹1920
  3. ₹1800
  4. ₹1600
17. If the simple interest is ₹7500, the principal amount is ₹25000, and the time period is 5 years, what is the rate of interest?
  1. 25%
  2. 20%
  3. 6%
  4. 10%
18. What is the principal amount if the simple interest is ₹800, the rate of interest is 4% per annum, and the time period is 5 years?
  1. ₹2000
  2. ₹1600
  3. ₹1000
  4. ₹1200
19. If the principal amount is ₹5000, the rate of interest is 5% per annum, and the simple interest is ₹1250, what is the time period?
  1. 1 year
  2. 2 years
  3. 3 years
  4. 4 years
20. If the time period is 3 years, the principal amount is ₹12000, and the simple interest is ₹2700, what is the rate of interest?
  1. 15%
  2. 7.5%
  3. 10%
  4. 12%

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