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If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

Mathematics Class 8th

Directions : Calculate the simple interest for given values

Q. 3 of Quiz-2112 (Que-ID : 4652)

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

  • ₹100
  • ₹200
  • ₹300
  • ₹400

Ans → (b)₹200

Explanation → Simple interest is calculated using SI = (P x R x T) / 100

This question is taken from this post → Mathematics Practice Quiz on Simple and Compound Interest - attemp/practice


More MCQs in - Mathematics Practice Quiz on Simple and Compound Interest

Directions : Calculate the simple interest for given values

Q. 3 of Quiz-2112 (Que-ID : 4652)

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

  • ₹100
  • ₹200
  • ₹300
  • ₹400

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Directions : Choose the correct number of compounding periods

Q. 8 of Quiz-2112 (Que-ID : 4653)

If the interest is compounded half-yearly, how many times per year is the interest compounded?

  • 1
  • 2
  • 3
  • 4

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Directions : SSC 2019 question

Q. 12 of Quiz-2112 (Que-ID : 4654)

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

  • ₹2,880
  • ₹2,400
  • ₹3,000
  • ₹2,700

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Directions : Choose the correct number of compounding periods

Q. 9 of Quiz-2112 (Que-ID : 4655)

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

  • 1
  • 2
  • 3
  • 4

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Directions : SSC 2019 question

Q. 19 of Quiz-2112 (Que-ID : 4656)

The simple interest on ₹5,000 at 8% per annum for 3 years is:

  • ₹1,200
  • ₹1,000
  • ₹1,400
  • ₹1,600

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Directions : SSC 2022 question

Q. 17 of Quiz-2112 (Que-ID : 4657)

If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

  • 10%
  • 12%
  • 15%
  • 20%

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Directions : Choose the correct representation of 'P' in the formula

Q. 2 of Quiz-2112 (Que-ID : 4658)

What does 'P' represent in the simple interest formula?

  • Rate of interest
  • Time period
  • Principal amount
  • Final amount

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Directions : Choose the correct formula for simple interest

Q. 1 of Quiz-2112 (Que-ID : 4659)

What is the formula for calculating simple interest?

  • SI = (P x R x T) / 100
  • SI = (P x R) / T
  • SI = (P + R + T) / 100
  • SI = (R x T) / P

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Directions : Choose the correct difference

Q. 7 of Quiz-2112 (Que-ID : 4660)

The difference between simple interest and compound interest on ₹5,000 for 2 years at a rate of 5% per annum is:

  • ₹6.25
  • ₹12.50
  • ₹25
  • ₹50

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Directions : SSC 2018 question

Q. 14 of Quiz-2112 (Que-ID : 4661)

The difference between compound interest and simple interest on a sum of ₹5,000 for 3 years at 8% per annum is:

  • ₹24
  • ₹32
  • ₹40
  • ₹50

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Directions : Choose the correct base for compound interest

Q. 4 of Quiz-2112 (Que-ID : 4662)

Compound interest is calculated on:

  • Principal only
  • Principal and accrued interest
  • Rate of interest
  • Time period only

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Directions : DSSSB 2021 question

Q. 15 of Quiz-2112 (Que-ID : 4663)

What is the compound interest on ₹10,000 at 5% per annum compounded yearly for 2 years?

  • ₹1,000
  • ₹1,025
  • ₹1,050
  • ₹1,100

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Directions : SSC 2022 question

Q. 11 of Quiz-2112 (Que-ID : 4664)

A sum of ₹8,000 amounts to ₹9,261 in 2 years at compound interest. What is the rate of interest?

  • 5%
  • 7.5%
  • 10%
  • 12.5%

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Directions : SSC 2021 question

Q. 16 of Quiz-2112 (Que-ID : 4665)

At what rate of simple interest will a sum of money double itself in 12 years?

  • 8.33%
  • 10%
  • 12%
  • 14%

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Directions : SSC 2020 question

Q. 18 of Quiz-2112 (Que-ID : 4666)

At what rate will ₹10,000 amount to ₹11,000 in 2 years at compound interest?

  • 4.88%
  • 5%
  • 9.53%
  • 10%

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Directions : Calculate the final amount after 3 years

Q. 6 of Quiz-2112 (Que-ID : 4667)

If a sum of ₹2,000 is invested at an interest rate of 6% per annum compounded annually for 3 years, what will be the amount after 3 years?

  • ₹2,120
  • ₹2,382.03
  • ₹2,000
  • ₹2,500

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Directions : DSSSB 2021 question

Q. 20 of Quiz-2112 (Que-ID : 4668)

The compound interest on ₹4,000 for 2 years at 5% per annum compounded annually is:

  • ₹410
  • ₹400
  • ₹420
  • ₹450

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Directions : DSSSB 2020 question

Q. 13 of Quiz-2112 (Que-ID : 4669)

In how many years will a sum of ₹1,000 become ₹1,210 at 10% compound interest per annum?

  • 1 year
  • 2 years
  • 3 years
  • 4 years

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Directions : Choose the correct formula for compound interest

Q. 5 of Quiz-2112 (Que-ID : 4670)

What is the formula for calculating compound interest annually?

  • A = P(1 + R/100)^T
  • A = P + (R x T) / 100
  • A = P x R x T
  • A = P x T x (R / 100)

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Directions : Calculate the rate of interest

Q. 10 of Quiz-2112 (Que-ID : 4671)

A sum of money becomes ₹6,000 in 2 years and ₹6,600 in 3 years at compound interest. What is the rate of interest?

  • 5%
  • 10%
  • 15%
  • 20%

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What is the compound interest on ₹10,000 at 5% per annum compounded yearly for 2 years?

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  • ₹1,100

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If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

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Directions : SSC 2022 question

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At what rate of simple interest will a sum of money double itself in 12 years?

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Directions : Calculate the simple interest for given values

Q. 3 of Quiz- (Que-ID : 4652)

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

  • ₹100
  • ₹200
  • ₹300
  • ₹400

Discuss View Answer

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Q. 9 of Quiz- (Que-ID : 420)

Find the compound interest of Rs. 10,000 in 9 months at 4% per annum interest payable quarterly.

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Directions : Calculate the rate of interest

Q. 10 of Quiz- (Que-ID : 4671)

A sum of money becomes ₹6,000 in 2 years and ₹6,600 in 3 years at compound interest. What is the rate of interest?

  • 5%
  • 10%
  • 15%
  • 20%

Discuss View Answer